Retail News: Sears to Buy Lands' End for $1.9 Billion
May 13, 2002
By Anna Driver

CHICAGO (Reuters) - Sears, Roebuck and Co. S.N , which pioneered mail-order retailing more than a century ago, said on Monday it will buy Lands' End Inc. LE.N , the largest catalog and Internet specialty clothing retailer, for about $1.9 billion in cash, in a bid to revive its laggard apparel business.
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