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Business

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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Lands' End names Bernard McCracken CFO

American lifestyle brand Lands’ End has announced the appointment of Bernard McCracken as the company’s chief financial officer, a role he had previously held in an interim position. Alongside being interim CFO since January 2023, McCracken had also served in the role of Lands’ End’s chief accounting officer since April 2014. The selection came...

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ManagementFeatured

Lands’ End Q2 loss widens, revenues drop

Lands’ End, Inc. second quarter net revenue decreased 7.9 percent to 323.3 million dollars. The company’s net loss widened to 8 million dollars or 25 cents loss per diluted share and adjusted EBITDA remained flat at 15.8 million dollars. Commenting on the trading update, Andrew McLean, the company’s chief executive officer, said in a release: “...

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BusinessPress Release

Recover and Lands’ End collaborate to transform textile waste into sustainable denim

Lands’ End, the classic American lifestyle brand, has collaborated with global recycled cotton fiber producers, Recover, to launch a low-impact denim collection using recycled fiber. The two companies have partnered together to develop sustainable denim pieces, in timeless styles for both men and women, and all of which contain 20% of Recover’s...

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ManagementFeatured

Lands’ End reports loss, revenues decrease

Lands’ End, Inc. reported fourth quarter net revenue decreased 4.6 percent to 529.6 million dollars, For the fiscal year, net revenue decreased 5 percent to 1.56 billion dollars. Global ecommerce net revenue decreased 10.1 percent to 1.1 billion dollars for the fiscal year. Commenting on the fourth quarter and full year trading, Andrew McLean,...

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ManagementFeatured

Lands’ End announces executive leadership appointments

Lands’ End, Inc. has announced executive leadership appointments and organisational changes, which will take effect at the start of Lands’ End’s next fiscal year, beginning January 28, 2023. Commenting on the development, the company’s chief executive officer-designate Andrew McLean stated in a release: “As we embark on the next phase of growth...

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ManagementFeatured

Lands' End cuts full-year outlook after swinging to Q3 loss

US fashion and home decor retailer Lands' End has cut its guidance for the current year after falling into the red in the third quarter. The company swung to a net loss of 4.7 million dollars in the three months to October 28 from a profit of 7.4 million dollars the prior year. Gross margin decreased approximately 440 basis points to 40 percent...

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ManagementFeatured

AEO executive Andrew McLean to take over as Land’s End CEO

Andrew McLean, president, international of American Eagle Outfitters (AEO), will join Lands’ End Inc. as CEO-designate and as a member of the board of directors on November 1, 2022. McLean, 53, Land’s End said in a statement, will assume the role of CEO following the planned retirement of Jerome Griffith, 64, at the conclusion of the company’s...

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ManagementFeatured

Lands' End swings to Q2 loss, lowers FY outlook

US fashion retailer Lands’ End has lowered its full-year guidance amid supply chain disruption. It comes as the company swung to a second-quarter loss and posted a decrease in revenue, though both results were better than expected. In the three months to July 29, Lands’ End reported an 8.6 percent drop in revenue to 351.2 million dollars. Global...

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Land’s End Q1 revenue decline, reports loss

For the first quarter, net revenue decreased 5.5 percent to 303.7 million dollars at Land’s End compared to the first quarter of fiscal 2021. Gross margin for the quarter decreased approximately 350 basis points to 42.5 percent compared to 46 percent in the first quarter of fiscal 2021. Net loss was 2.4 million dollars or 7 cents loss per...

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ManagementFeatured

Land’s End reports 39 percent growth in FY21 adjusted EBITDA

For the fiscal year, Land’s End net revenue increased 14.7 percent to 1.64 billion dollars. The company’s global ecommerce net revenue increased 5.3 percent, driven by U.S. ecommerce increase of 6.8 percent, partially offset by a drop in international ecommerce of 0.8 percent. Outfitters net revenue for the quarter increased 45.9 percent, while...

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ManagementFeatured

Lands' End Q3 revenues up 4.4 percent

Lands’ End, Inc.,for the third quarter, reported net revenue of 375.8 million dollars, an increase of 4.4 percent from 360 million dollars in the third quarter of fiscal 2020 and an increase of 10.5 percent from 340 million dollars in the third quarter of fiscal 2019. Commenting on the third quarter trading, Jerome Griffith, chief executive...

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