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 (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.
Lands’ End, Inc. (NASDAQ: LE) has raised its guidance for Q4 2020, forecasting net revenue of $528-$533 million, up from $500-$520 million. Net income is expected between $17.5-$19 million, with diluted EPS between $0.54-$0.58, improving from prior guidance. Adjusted EBITDA is also raised to $43-$45 million. The company aims for long-term revenue of $1.9-$2.1 billion, indicating a CAGR of 10-14% over three years, focusing on eCommerce growth and recovery in the Outfitters segment.
Lands' End, Inc. (NASDAQ: LE) announced its participation in the 23rd Annual ICR Conference, scheduled for January 12, 2021, with a fireside chat presentation at 3:30 PM Eastern Time. The presentation will be webcast live and available on the company's investor relations website. An archive of the presentation will be accessible for 90 days post-event. Lands' End is known for its uni-channel retail of casual clothing, accessories, and home products, emphasizing quality and customer service.
Lands' End reported a strong performance for Q3 2020, with net revenue increasing 5.9% to $360 million. The global eCommerce segment saw an impressive 19.6% growth, led by a 50.7% rise in International eCommerce. Net income doubled to $7.2 million, with adjusted EBITDA soaring 52.3% to $28.6 million. Despite challenges from COVID-19, the company successfully launched products at Kohl's and refinanced its term loan, enhancing financial flexibility. However, the fourth quarter has started slow in the US due to unseasonably warm weather.
Lands' End, Inc. (NASDAQ: LE) will host a conference call on December 3, 2020, at 8:30 a.m. ET to discuss its third-quarter fiscal 2020 financial results. A news release detailing these results will be issued prior to the call. Investors can access the live broadcast via the Company's investor relations website or by dialing (866) 753-5836. An archive of the call will be available later on the same day.
Lands' End is known for its casual clothing, accessories, and home products, emphasizing quality and value across online and retail platforms.
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