Lands' End
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Authentic Brands & WHP Global reportedly bid for Lands' End
Brand management firms WHP Global and Authentic Brands Group have reportedly placed separate bids to acquire American apparel retailer Lands' End this week, according to a report from Reuters. The news comes three months after Lands' End Board of Directors indicated that it was exploring "strategic alternatives" for the future of the brand,...
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Despite sales decline, Lands' End returns to profitability in FY2024/25
US apparel retailer Lands' End Inc. returned to profitability in fiscal year 2024/25, thanks in no small part to a solid final quarter. CEO Andrew McLean praised the company's "strong finish," noting that the past year had been characterised by "positive momentum" across all areas. Overall, the apparel provider met its own expectations with the...
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Lands' End reduces corporate workforce by 10 percent
Lifestyle retailer Lands’ End has laid off 10 percent of its corporate employees. Chief financial officer Bernie McCracken revealed during the retailer’s fourth-quarter earning calls last Wednesday that the company had “executed a high single-digit percent reduction in corporate headcount in January.” "We determined that creating a flatter, more...
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