As I thought: Sears is selling Lands End. [View all]
I was saddened when Sears bought Lands End, one of my favorite stores.
( for 1.86 billion, btw)
Then, this Jan. I was able to buy a gorgeous wool/cotton sweater at Land's End for 13.00 including shipping,
the same sweater I had paid 50.00 for a year ago, ( so I got 2 and put them away for future)
and I commented here in this group that Lands End was losing money and would be sold.
Lands End never used to have markdowns that steep.
"In its bid to shave costs,Sears is reported to be shopping its Landís End brand, but thereís a catch:
The retailer wants to still sell Landís End items in its stores.
Landís End is being shopped to private equity firms with a $2 billion price tag, The New York Post reports.
The report says Sears wants the buyer to agree to keep licensing Landsí End products to Sears, while pursuing growth elsewhere, possibly in Europe. "
I don't think that will help Sears stay solvent, by the way.