sears

Sears to Spin Off Lands' End

Sears Holdings says it will spin off its Lands' End clothing business as a separate company by distributing stock to the retailer's shareholders.

Sears 4Q Loss Narrows as Co. Reduces Expenses

Sears posted a smaller loss in the fourth quarter as it reduced its inventory and expenses while sales at its namesake stores rose slightly. The company that also owns the Kmart store chain lost $489 million, or $4.61 per share, for the period ended Feb. 2.

The 8 Retailers That Will Close the Most Stores in 2013

After years in an unsteady economic climate, being battered by e-commerce on one hand and more effective bricks-and-mortar competitors on the other, these eight chains need the relief that shrinking can provide. And this year, that's exactly what they'll get.