HOFFMAN ESTATES, Ill. - Sears Holdings Corp. said it's considering separating Lands' End as its own entity.
In a statement Tuesday, Sears said it's evaluating the separation of the Dodgeville-based apparel retailer as one of several strategies to boost Sears' financial position.
Sears said separating the business is meant to "allocate capital in a more focused manner."
If Lands' End does separate, it would not be structured as a sale in order to benefit shareholders, the company added.
Sears purchased Lands' End in 2002. Sears Holdings includes Sears and Kmart stores.
- Dating apps pose risk to teenagers, expert says
- Lawsuit over baked goods ban heads to court
- FDA issues warning letters over 'bogus cancer cures'
- County leaders announce effort to increase access to services for sexual assault victims
- Man barricaded in house with guns, ammunition surrenders, police say
- Local musician, drum instructor charged with possession of child porn