Lands' End Exits More Sears Stores, Calming Investors

Lands’ End Inc. investors may be warming back up to the retailer as it further breaks free from former parent Sears Holdings Corp. by shuttering more in-store shops in favor of smaller standalone locations.

The American apparel company spiked as much as 27 percent Tuesday to its highest intraday level since May 2015. Shares are up about 45 percent this year.