Lands' End to start trading as public company, minus Sears - KNOE 8 News; KNOE-TV; KNOE.com |

Lands' End to start trading as public company, minus Sears

Posted: Updated:
Source: AP Source: AP

NEW YORK (AP) - Lands' End will start trading as a separate public company on Monday after spinning off from Sears.

Sears Holding Corp. announced in December that it was going to spin off the clothing business as a separate company by distributing stock to its shareholders.

The move by Sears has been viewed as a way to unlock value for investors as the retailer's core business struggles after years of sales declines.

Sears has spun off other businesses over the past three years, including its Hometown and Sears Outlet stores and its Orchard Supply Hardware Stores, to raise cash. It has also said it is considering separating its auto center business.

Lands' End began in 1963 as a sailboat hardware and equipment catalog. Sears bought it in 2002.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Ferguson: witness Dorian Johnson atty

    Ferguson: witness Dorian Johnson atty

    Friday, August 22 2014 11:46 AM EDT2014-08-22 15:46:44 GMT
    (CNN)- Attorney for Dorian Johnson speaks out
    (CNN)- Attorney for Dorian Johnson speaks out
  • Ten African American Officers quit Monroe Police Union

    Ten African American Officers quit Monroe Police Union

    Thursday, August 21 2014 8:32 PM EDT2014-08-22 00:32:49 GMT
    MONROE, La. (KNOE 8 News) - Three weeks ago the police union overwhelmingly voted "no confidence" in Monroe Police Chief Quentin Holmes. But Thursday, ten African American Monroe officers have voted "no confidence" in the union and they have pulled their memberships.
    MONROE, La. (KNOE 8 News) - Three weeks ago the police union overwhelmingly voted "no confidence" in Monroe Police Chief Quentin Holmes. But Thursday, ten African American Monroe officers have voted "no confidence" in the union and they have pulled their memberships.
  • Ferguson shooting witness comes forward

    Ferguson shooting witness comes forward

    Friday, August 22 2014 5:01 PM EDT2014-08-22 21:01:12 GMT
    Ferguson, MO (CNN)- Attorney General Eric Holder has assigned scores of FBI agents and Justice Department Investigators to look into Michael Brown's August 9th death in Ferguson, Missouri.
    Ferguson, MO (CNN)- Attorney General Eric Holder has assigned scores of FBI agents and Justice Department Investigators to look into Michael Brown's August 9th death in Ferguson, Missouri.
  • West Monroe 4-year-old left on bus

    West Monroe 4-year-old left on bus

    Thursday, August 21 2014 6:00 PM EDT2014-08-21 22:00:40 GMT
    MONROE, La. (KNOE 8 News) Getting left behind is scary, especially if you're just four years old. That's exactly what happened to Landon Bell Wednesday afternoon after he woke up in a locked school bus.
    MONROE, La. (KNOE 8 News) Getting left behind is scary, especially if you're just four years old. That's exactly what happened to Landon Bell Wednesday afternoon after he woke up in a locked school bus.
  • Police nab sex offender watching children at Monroe school

    Police nab sex offender watching children at Monroe school

    Friday, August 22 2014 7:33 PM EDT2014-08-22 23:33:52 GMT
    MONROE, La. (KNOE 8 News) - Police arrested a non-compliant sex offender today at Lincoln Elementary School. A concerned citizen spotted 49-year-old Earnest Lee Morris watching children outside the school and called police.
    MONROE, La. (KNOE 8 News) - Police arrested a non-compliant sex offender today at Lincoln Elementary School. A concerned citizen spotted 49-year-old Earnest Lee Morris watching children outside the school and called police.
  • Tallulah man arrested in child porn case

    Tallulah man arrested in child porn case

    Friday, August 22 2014 5:02 PM EDT2014-08-22 21:02:50 GMT
    MADISON PARISH, La. (KNOE 8 News MPSO) - Friday, investigators with the Louisiana State Police Bureau of Investigations, the Madison Parish Sheriff's Office and the Federal Bureau of Investigation arrested 42-year-old Timothy Hasty of Tallulah for possession of pornography involving juveniles.
    MADISON PARISH, La. (KNOE 8 News MPSO) - Friday, investigators with the Louisiana State Police Bureau of Investigations, the Madison Parish Sheriff's Office and the Federal Bureau of Investigation arrested 42-year-old Timothy Hasty of Tallulah for possession of pornography involving juveniles.
  • Louisiana Tech researchers use 3D printers to create custom medical implants

    Louisiana Tech researchers use 3D printers to create custom medical implants

    Thursday, August 21 2014 12:11 PM EDT2014-08-21 16:11:30 GMT
    RUSTON, La. (KNOE Louisiana Tech University)– A team of researchers at Louisiana Tech University has developed an innovative method for using affordable, consumer-grade 3D printers and materials to fabricate custom medical implants that can contain antibacterial and chemotherapeutic compounds for targeted drug delivery.
    RUSTON, La. (KNOE Louisiana Tech University)– A team of researchers at Louisiana Tech University has developed an innovative method for using affordable, consumer-grade 3D printers and materials to fabricate custom medical implants that can contain antibacterial and chemotherapeutic compounds for targeted drug delivery.
  • Jonesboro police chief gets 30-day suspension

    Jonesboro police chief gets 30-day suspension

    Jonesboro's police chief is to serve a 30-day suspension and issue written apologies to The Jonesboro Sun and a former reporter at the paper for derogatory comments he made on Facebook.
    Jonesboro's police chief is to serve a 30-day suspension and issue written apologies to The Jonesboro Sun and a former reporter at the paper for derogatory comments he made on Facebook.
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KNOE. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.