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Lands End news and archive

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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 mulls potential sale upon launch of strategic review

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....

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Lands’ End Q1 revenues decline, net loss widens

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...

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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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Lands’ End Q4 and FY23 revenues decline

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...

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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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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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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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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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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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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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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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