Lands End news and archive

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...

BusinessFeatured

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: “...

BusinessFeatured

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,...

BusinessFeatured

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...

BusinessFeatured

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...

BusinessFeatured

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...

BusinessFeatured

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...

BusinessFeatured

Land's End revenues decline 17.3 percent but reveals upbeat outlook

For the first quarter, net revenue at Land’s End Inc. decreased 17.3 percent to 217 million dollars due to decreased demand attributable to the Covid-19 pandemic. The company said in a statement that net revenue grew 11.1 percent in February 2020 compared to prior year, reflecting strong performances across all business units, while U.S....

Business

Land's End Q4 revenues rise 9.4 percent

Net revenues for the fourth quarter at Lands’ End, Inc. increased 9.4 percent to 549.5 million dollars reflecting revenue from the American Airlines launch and ecommerce growth of 7.2 percent. The company said, this was partially offset by 49 fewer Lands’ End Shops at Sears, which resulted in a net revenue decline from Sears operations of 21.5...

Business

Land's End: Q3 Ebitda increases, less stores at Sears impact revenues

For its third quarter, Lands’ End, Inc. net revenue decreased 0.5 percent to 340 million dollars compared to the same period last year. The company said in a statement that sales decline reflected 89 fewer Lands’ End shops at Sears, which resulted in a net revenue decline from Sears operations of 17 million dollars. US ecommerce revenue growth...

BusinessFeatured

Land's End cuts Q2 loss, opens new sourcing office in Hong Kong

Lands’ End, Inc. has reported that net revenue for the second quarter decreased 3.1 percent to 298.3 million dollars, reflecting 110 fewer Lands’ End Shops at Sears, which resulted in a net revenue decline from Sears operations of 19.9 million dollars. The company said, excluding the impact from the Delta Air Lines launch last year and Sears...

People

Land's End creates chief customer officer position

American clothing label Land's End has appointed its current senior vice president of e-commerce, Sarah Rasmusen, to the newly-created role of chief customer officer. The creation of this role is part of the company's "continued focus to drive a consistent customer experience across the business," according to a press release. "Sarah has always...