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Sears Holdings files with SEC for Lands' End spinoff
HOFFMAN ESTATES, Ill. – Sears Holdings is spinning off its clothing business, the parent company of Kmart said Friday.
Sears said it had filed with the Securities and Exchange Commission to spin off Lands' End. The company hopes that separating the management of Sears Holdings and Lands' end will make it easier for the latter to pursue opportunities on its own.