Lands End Inc - LE STOCK NEWS

Lands' End, Inc. (NASDAQ: LE) will host a conference call on June 2, 2021, at 8:30 a.m. Eastern Time to discuss its first quarter fiscal 2021 financial results. A news release detailing these results will be available before the call. Interested parties can listen live via the company’s investor relations website or by calling (866) 753-5836. An online archive of the broadcast will be accessible on the company website around noon on the same day.

Lands’ End (NASDAQ: LE) and Draper James, Reese Witherspoon’s lifestyle brand, continue their collaboration by launching a new swimwear collection this month. This initiative follows their previous partnership that began with a swimwear line in March 2020. Plans are also underway for sleepwear and home collections set for Fall 2021. The collection promotes body inclusivity and comfort, aligning with both brands' core values. A portion of proceeds will benefit Girls Inc. to promote body positivity among young girls.

Lands’ End (NASDAQ: LE) announces the launch of its We Suit Every Body campaign, coinciding with the start of the swim season. This initiative highlights the brand's commitment to inclusivity, offering swimwear in various sizes and styles, including mastectomy swimsuits, celebrating 25 years of service to breast cancer survivors. Lands’ End features sustainable swimwear made from recycled materials, offers UPF 50 sun protection, and promotes a special sweepstakes with a grand prize of $5,000. Discounts up to 50% on swim styles are available on April 19 and 20.

Lands’ End (NASDAQ: LE) is launching its Lands’ End Marketplace, expanding its third-party marketplace to enhance retail offerings. Following a successful beta test with 24 sellers since June 2020, the brand aims to onboard more partners to meet customer demand.

This initiative leverages the company's digital platform for broad product availability while ensuring high-quality customer service. The marketplace model positions Lands’ End uniquely for growth in the competitive specialty apparel sector.

Lands' End reported a 4th quarter net revenue of $538.4 million, down 2.0% year-over-year but exceeding updated guidance. Global eCommerce revenue grew by 7.5%, with new customers up 13.7%. Despite a net income of $19.9 million ($0.60 per diluted share), adjusted EBITDA decreased by 6.5% to $46.1 million. For fiscal 2021, the company anticipates net revenue of $1.52 to $1.57 billion but expects a net loss of $10.5 to $8 million in Q1. The CFO emphasized a healthy balance sheet and plans for growth in eCommerce and recovery strategies.

Lands' End announced key organizational changes aimed at enhancing growth and achieving 2023 financial targets. James Gooch steps up as President while maintaining his CFO role, overseeing multiple business sectors. Sarah Rasmusen becomes Executive VP, managing IT and performance marketing, and Peter Gray will lead distribution center operations. CEO Jerome Griffith emphasized a digitally-focused transformation that has doubled EBITDA since 2016, stressing the commitment to a successful uni-channel strategy.

Lands' End, Inc. (NASDAQ: LE) will participate in the D.A. Davidson 4th Annual Consumer Growth Conference on March 11, 2021, with a virtual fireside chat at 4:15 PM Eastern Time. Investors can access the live audio webcast through the investor relations section of the company's website. An archived version will be available for 90 days post-event. Lands' End is a leading retailer of casual clothing, accessories, footwear, and home products, known for its quality and service.

Lands' End, Inc. (NASDAQ: LE) will conduct a conference call on March 17, 2021, at 8:30 a.m. ET to discuss its fourth quarter and fiscal 2020 financial results. A news release will be issued prior to the call, which can be accessed live on the company's investor relations website or by dialing (866) 753-5836. An online archive of the broadcast will be available by noon on the same day. Lands' End is recognized for its casual clothing, accessories, and home products, available through various online platforms and retail locations.

Lands' End announced a partnership with the Iowa County Health Department to convert its Comer Center into a COVID-19 vaccination clinic in Dodgeville, Wisconsin. Starting February 8, the clinic will initially vaccinate 160 individuals over four hours and can scale up to 1,600 people in a day as supply increases, making it the largest vaccination site in Iowa County. This initiative underscores Lands' End's commitment to community health during the pandemic, allowing for a significant increase in vaccination capacity.