Sears Seeking Lands' End Buyer; It Asks $1.2 Billion for Dodgeville Firm

Summary

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CHICAGO (AP) - Sears, Roebuck and Co. may be working on one last big sale before its merger with Kmart: a sale of Lands' End.

According to a report Tuesday by Women's Wear Daily, a respected retail trade publication, Sears has put the casual clothing manufacturer up for sale for $1.2 billion. That's $700 million less than it paid three years ago for the Dodgeville, Wis.-based unit, which sells apparel through catalogs, about 30 retail and outlet locations and Sears department stores.

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Extract

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Sears Seeking Lands' End Buyer; It Asks $1.2 Billion for Dodgeville Firm

The report, citing unidentified sources, comes as Sears is in the final stages of being acquired by Kmart Holding Corp. for ...

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