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,...
18 hours ago
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...
Mar 20, 2025
Lands' End has said that it is exploring strategic alternatives, including a potential sale of the business, as it looks to maximise shareholder value. The company’s board of directors launched a review today, March 7, and while it stated that no assurances could be given to the outcome, a sale, merger or similar transaction were on the table....
Mar 7, 2025
For the first quarter, Lands’ End GMV increased low single digits, while net revenue decreased 7.8 percent to 285.5 million dollars. The company said in a release that excluding the 26.9 million dollars in revenue from the conclusion of the Delta Air Lines business, net revenue increased 1 percent. Lands’ End ecommerce net revenue was 195.5...
Jun 6, 2024
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...
Apr 1, 2024
Lands’ End reported fourth quarter net revenue decreased 2.8 percent to 514.9 million dollars compared to the fourth quarter of fiscal 2022. For the fiscal year 2023, the company’s net revenue decreased 5.3 percent to 1.47 million dollars. Commenting on the results, Andrew McLean, the company’s CEO, stated: “We pursued our solutions-based...
Mar 28, 2024
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...
Sep 15, 2023
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: “...
Sep 1, 2023
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...
Aug 22, 2023
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,...
Mar 16, 2023
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...
Jan 5, 2023
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...
Dec 2, 2022