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.
- Grocery store offers 'ugly' produce to combat food waste
- Silver Alert issued for missing Marathon County man
- Police: Boy, 12, to officers at mall: 'I'm going to kill you, your wife, your children'
- Man shot in face testifies in homicide trial of Sophea Mouth
- Man suspected in another downtown Madison car break-in
- Pharmaceutical center in LaCrosse announces layoffs