Sears Holdings Announces Plans To Spin Off Orchard Supply Hardware

Sears Holdings(SHLD) announced today that it plans to spin off Orchard Supply Hardware. Orchard operates 89 full service hardware stores in California, averaging 40,600 square feet.  No date or distribution ratio have been set, but the company does state in its S-1 that it hopes to trade under the OSHS symbol.  After the spinoff, ESL [...]