Sears' Spinoff of Lands' End

Abstract

Following several years of declining revenues and profits, in late 2011 Sears Holding Inc. ("Sears") began to hive off its business divisions. As part of its series of diversitures, on December 6th, 2013 Sears announced its intention to spin off one of its clothing divisions, Lands' End, in a stock distribution to the existing Sears' shareholders (Sears Holding Corp., 2013b).