Sears Holdings Is Unlocking More Value With Lands' End Spinoff
The transformation of Sears Holdings (NASDAQ: SHLD ) continues to progress with the recent news that the spin off of Lands' End will occur on April 4. The company will trade on the Nasdaq under the ticker symbol "LE."
The move has long been speculated by investors who have been awaiting Sears Holdings' divestment of non-core retail operations stuck within the giant conglomerate. Based on Lands' End's recent results, it appears that this move isn't happening soon enough. While many investors fret over Sears unloading a profitable business unit, the stalled growth at Lands' End suggests the retailer needs to regain its own identity and capital structure to prosper.
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