Lands End Inc Stock Price, News & Analysis

Lands’ End is set to hold its 7th annual International Swimsuit Day event from April 16 to April 18, 2023, offering a massive 50% discount on all swim-related products. This promotional event will also be available in retail stores from April 14 to April 18. With over 8,000 swimsuit options, the swim event emphasizes popular collections like the 'tugless' swimwear. Additional promotions include $20 women’s board shorts and 40% off all full-price items.

The event also features swim solutions like extended sizing and UPF50 protection. Customers can participate in the “Take Us to the Water” sweepstakes for a chance to win cash or gift cards. With a focus on quality and variety, Lands’ End aims to reinforce its position as a top retailer in the swimwear market.

Lands’ End reported a 4.6% decline in Q4 net revenue to $529.6 million and a full-year decrease of 5.0% to $1.56 billion for the fiscal year ending January 27, 2023. Global eCommerce sales fell 10.1% to $1.1 billion, with U.S. eCommerce down 7.0%.

The company incurred a net loss of $12.5 million, compared to a net income of $33.4 million in the prior year. However, it anticipates Q1 2023 net revenue between $295 million and $310 million, recovering some momentum, particularly in swim products.

Lands' End, Inc. (NASDAQ: LE) has announced a conference call scheduled for 8:30 a.m. ET on March 16, 2023, to discuss its fourth quarter and fiscal 2022 financial results. A news release detailing these results will be issued prior to the call, with listeners able to access the live broadcast via the Company's investor relations website. An online archive of the call will be available later that day. Lands' End is a prominent digital retailer known for casual clothing, accessories, footwear, and home products, emphasizing quality, service, and value.

Lands' End has announced its first spring collection in collaboration with country music star Blake Shelton, featuring a line inspired by the Midwest. The collection includes swimwear and garment-dyed knitwear, made with lightweight fabrics. Bestsellers from the previous season will return with extended sizing options. A portion of sales from this collection will support Habitat for Humanity. David Witkewicz, Senior VP of Design, expressed confidence in the partnership's success, emphasizing the collection's comfort and style. The collection is available for purchase online or in retail stores.

Lands’ End, Inc. (NASDAQ: LE) announced key executive appointments aimed at enhancing growth and business strategy. Peter L. Gray has been appointed Chief Commercial Officer, focusing on revenue growth and new income streams. Angie Rieger becomes Chief Transformation Officer, overseeing brand management and inventory planning. Kym Maas joins as Senior Vice President of Product and Merchandising. Jim Gooch will step down as President and CFO, with Bernard McCracken serving as Interim CFO. These changes begin January 28, 2023, aligning with the company's strategic goals for long-term growth.

Lands' End, Inc. (NASDAQ: LE) will participate in the 25th Annual ICR Conference on January 10, 2023, at 9:00 AM ET in Orlando, FL. CEO Jerome Griffith and CEO-Designate Andrew McLean will lead a fireside chat during the event. A live webcast of the presentation will be available on the company's investor relations website, along with an online archive for 90 days post-event. An investor presentation will also be posted on January 9, 2023, further engaging stakeholders and enhancing transparency.

Movable Ink has been selected by Lands' End to enhance its email marketing through the AI-driven Da Vinci solution. This partnership aims to create personalized, relevant customer experiences, focusing on long-term loyalty and engagement. Lands' End's Chief Customer Officer highlighted the importance of a customer-centric approach, leveraging AI to individualize marketing efforts effectively. The Da Vinci platform will enable the retailer to optimize customer journeys, improve brand affinity, and integrate data seamlessly for tailored communications.

Lands’ End, Inc. (NASDAQ: LE) reported third-quarter results for the period ended October 28, 2022, with net revenue decreasing by 1.3% to $371.0 million. Global eCommerce sales fell 4.6%, while international eCommerce dropped significantly by 19.6%. The company recorded a net loss of $4.7 million, or $0.14 loss per share, compared to a profit of $7.4 million in the same period last year. Despite these challenges, the company launched a new apparel collection and saw a rise in same-store retail sales by 13%. Looking ahead, Lands' End revised its full-year outlook for revenue and earnings.

Lands' End, Inc. (NASDAQ: LE) announced a conference call to discuss its third quarter fiscal 2022 financial results on December 1, 2022, at 8:30 a.m. Eastern Time. A news release with the financial results will be issued prior to the call. The conference call can be accessed via the Company's investor relations website. An online archive of the broadcast will be available around noon on the same day. Lands' End is a leading retailer of casual clothing, accessories, and home products, focusing on quality and customer service.