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Stock impact report

How Lands’ End Emerged From the Shadow of Sears and Prospered Again [Fortune]

Lands' End, Inc. (LE) 
Last lands' end, inc. earnings: 3/17 06:45 am Check Earnings Report
US:NASDAQ Investor Relations: investors.landsend.com/investor-relations
Company Research Source: Fortune
Despite brutal competition in the apparel sector, an ill-advised attempt to be hipper and more upscale a few years ago, and Sears Holdings’ (shld) years-long implosion, Lands’ End (le) is on the upswing again in a convincing way. The Dodgeville, Wisconsin company, known for its low price, high quality outdoor wear and school uniforms, on Thursday reported a sixth straight quarter of sales growth , with net revenue up 4.9% to $341.6 million. Crucially, online sales soared, as did sales at its own stores, a part of the business that will grow as Lands’ End continues to wean its retail business off of its reliance on the now bankrupt Sears. Since taking the reins in March 2017, Lands’ End CEO Jerome Griffith has made it a priority to overhaul the company’s e-commerce capability, which he admits was wanting, and build out a fleet of Lands’ End stand-alone stores as Sears—whose parent company owned Lands’ End from 2002 until 2014—reduces its retail footprint. Other bold, a Show less Read more
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