Welcome to our dedicated page for Lands End news (Ticker: LE), a resource for investors and traders seeking the latest updates and insights on Lands End stock.
Lands' End, Inc. (NASDAQ: LE) is a digital retailer in the family clothing and lifestyle segment, with a focus on solution-based apparel, swimwear, outerwear, accessories, footwear, home products and uniforms. This news page aggregates company announcements, earnings releases and other updates that shed light on how Lands' End is executing its strategy across digital, licensing and uniform channels.
Recent news from Lands' End includes quarterly earnings results that discuss trends in gross merchandise value, net revenue, gross margin and adjusted EBITDA, along with commentary on inventory management, tariff impacts and supply chain initiatives. The company regularly issues releases on its first, second, third and fourth quarter performance, as well as full-year results, providing insight into segment performance in U.S. Digital, Outfitters, Third Party, Europe eCommerce, and Licensing and Retail.
Investors and followers of LE stock will also find corporate developments such as the Board of Directors’ decision to initiate a process to explore strategic alternatives, including a potential sale or merger, and responses to shareholder communications regarding this process. In addition, Lands' End announces conference calls to discuss its results, participation in investor conferences, and partnerships highlighted in its business updates.
This page is useful for tracking how Lands' End’s digital retail focus, licensing strategy, and Outfitters uniform business are reflected in its public communications. By reviewing the news feed, readers can see how management describes the company’s brand positioning, its efforts to enhance digital operations and marketing, and its approach to navigating tariffs, supply chain conditions and broader retail market dynamics over time.
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.
Lands’ End, Inc. (Nasdaq: LE) announced inducement grants for its new Chief Executive Officer, Andrew J. McLean, on November 1, 2022. These inducement grants include 115,633 restricted stock units and options for 168,081 shares at an exercise price of $10.81 per share. The vesting schedule is set at 25% per year for the first three years, with additional conditions. The details were shared in a previous Current Report on Form 8-K on September 12, 2022.
Lands’ End has announced its Quilted Maxi Primaloft ThermoPlume Coat has been featured in Oprah's Favorite Things 2022. This eco-friendly coat, made from 100% recycled materials, provides warmth in temperatures as low as -13°F. It features a durable, water-resistant shell, and is machine washable. The promotion includes a sweepstake for readers to win all items on the list from November 11 to November 22.
Lands' End has announced its holiday charitable initiatives, continuing support for the Breast Cancer Research Foundation and One Warm Coat through donations and a product collection drive. The retailer has donated over $530,000 to BCRF since 2015, contributing $50,000 this season. Additionally, it will host coat drives and donate $20,000 to One Warm Coat, which has provided over 55,000 coats since 2018. A new Breast Cancer Awareness collection is available until October 31, featuring pink-themed items, highlighting the company's ongoing commitment to social responsibility.
Lands’ End, Inc. (NASDAQ: LE) announces the appointment of Andrew McLean as CEO-Designate, effective November 1, 2022. He will succeed Jerome Griffith, who is retiring at the end of the fiscal year on January 27, 2023, but will continue as Executive Vice Chair. McLean, currently President of International at American Eagle Outfitters, brings over 20 years of retail experience. Griffith's tenure saw e-commerce growth and successful partnerships with major retailers. The company focuses on leveraging opportunities for sustainable growth and enhancing its digital business model.