Lands’ End to Spin Off From Sears on April 4

Clothing retailer Lands’ End is set to spin off from Sears Holdings Corp. on April 4, according to an amended filing with the Securities and Exchange Commission. The filing provides the timeline and details of the tax-free distribution, which will turn the profitable Lands’ End business into a stand-alone, publicly traded company. On March 24, stakeholders in Sears will receive about .3 shares of Lands’ End common stock, according to the filing.