- Shares of Sears Holdings (SHLD) shoot higher in premarket trading after the company decides to spin off Lands' End.
- In a regulatory filing, the soon-to-be public Lands' End says it aims to be more of a global lifestyle brand in the future and will enter new markets including China.
- The business generated sales of $1.585B in 2012 and net income of $49.8M.
- SEC Form 10
- SHLD +3.0% to $51.50.