Sears Hometown spinoff set for Sept. 7

Sears Hometown and Outlet Stores Inc. will begin trading next week on Nasdaq, Sears Holdings Corp. announced Tuesday.

The price of shares is initially set at $15 for Sears Hometown. 

Following the separation, Sears Holdings will continue to be listed on the Nasdaq Global Select Market under the symbol "SHLD," while Sears Hometown expects to list its common stock on the Nasdaq Capital Market under the symbol "SHOS."