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OCT 29, 2013 - TheStreet

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The Deal: Sears' Liquidation Sale Continues

NEW YORK (The Deal) -- Sears Holdings Corp. , the troubled department store conglomerate, is looking to separate its Lands' End apparel business as well as its Sears Auto Center business, it said on Tuesday. The process, said industry observers, continues the gradual liquidation of the retailer, with no plans to sink cash into store renovations to help revive Sears' fortunes. While that's not good news for those who remember an iconic department store - fewer and fewer these days - plans to spin off a brand like Lands' End plays well with shareholders. It's also a way for hedge fund ... Read More

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