Advertisement
YOU ARE HERE: LAT HomeCollectionsLands End Inc
IN THE NEWS

Lands End Inc

FEATURED ARTICLES
BUSINESS
May 19, 2001 | Abigail Goldman
Lands' End Inc. stock rose 6% on unconfirmed reports that a variety of big-name retailers are looking into buying the mail-order clothing company. The company is majority owned by its founder and chairman, Gary C. Comer, 73. Executives at Lands' End could not be reached for comment about a story in Business Week saying that Sears, Roebuck & Co. and several others have been eyeing Dodgeville, Wis.-based firm.
ARTICLES BY DATE
BUSINESS
February 23, 2005 | From Associated Press
Clothing and home accessories retailer Lands' End Inc. said it planned to close a phone center and eliminate 375 full-time and part-time jobs in a companywide restructuring. The jobs will be cut at the Cross Plains, Wis., call center, which is closing in June, and at the Dodgeville, Wis., headquarters. Lands' End is owned by Sears, Roebuck & Co., which is in the process of combining with Kmart Holding Corp. Sears shares fell $1.29 to $49.60 on the NYSE.
Advertisement
BUSINESS
May 18, 2001 | Reuters
The chairman of catalog retailer Lands' End Inc., Gary Comer, has put his company up for sale, but hasn't found any buyers yet, according to the new edition of BusinessWeek magazine. The magazine, in its May 28 issue, cited unnamed sources as saying that Sears, Roebuck & Co. was looking into acquiring the company last fall, but hasn't made an offer. It also quoted sources as saying Wal-Mart Stores Inc. and May Department Stores Co. also looked at the company last year.
BUSINESS
March 15, 2002 | Bloomberg News
Lands' End Inc.'s fiscal fourth-quarter profit missed some estimates and the Internet and catalog retailer left this year's forecast unchanged. Net income in the quarter ended Feb. 1 rose 44% to $45.9 million, or $1.51 a share, from $31.8 million, or $1.07, a year earlier, Lands' End said. Analysts' average estimate was $1.52, according to Thomson Financial/First Call. Sales rose 11% to $596 million in the quarter, which had an extra week than the year-earlier period, the Dodgeville, Wis.
BUSINESS
January 13, 1999 | Bloomberg News
Lands' End Inc. said it will cut 94 employees, or about 11% of its salaried staff, and liquidate its Willis & Geiger outdoor clothing catalog to reduce costs. Dodgeville, Wis.-based Lands' End also said it will close three of its 19 outlet stores, none in California, as it focuses on selling its casual clothing through catalogs and the Internet. The moves will result in an unspecified charge in the fiscal fourth quarter. Lands' End shares closed up $2 to $27.06 on the NYSE.
BUSINESS
February 23, 2005 | From Associated Press
Clothing and home accessories retailer Lands' End Inc. said it planned to close a phone center and eliminate 375 full-time and part-time jobs in a companywide restructuring. The jobs will be cut at the Cross Plains, Wis., call center, which is closing in June, and at the Dodgeville, Wis., headquarters. Lands' End is owned by Sears, Roebuck & Co., which is in the process of combining with Kmart Holding Corp. Sears shares fell $1.29 to $49.60 on the NYSE.
BUSINESS
October 29, 1998 | Bloomberg News
Lands' End Inc. said David Dyer will return to the catalog retailer as president and chief executive, effective immediately, after the unexpected ouster of CEO Michael Smith and another top executive. The retailer said its board asked Smith, 37, and William Ferry, 57, vice chairman of sales, to resign for undisclosed reasons. The changes come after two straight quarters of lower-than-expected earnings because of weak sales.
BUSINESS
March 15, 2002 | Bloomberg News
Lands' End Inc.'s fiscal fourth-quarter profit missed some estimates and the Internet and catalog retailer left this year's forecast unchanged. Net income in the quarter ended Feb. 1 rose 44% to $45.9 million, or $1.51 a share, from $31.8 million, or $1.07, a year earlier, Lands' End said. Analysts' average estimate was $1.52, according to Thomson Financial/First Call. Sales rose 11% to $596 million in the quarter, which had an extra week than the year-earlier period, the Dodgeville, Wis.
BUSINESS
January 14, 2000 | From Bloomberg News
Lands' End Inc. on Thursday said profit rose in the two-month holiday season, suggesting it may beat fourth-quarter earnings estimates and sending shares up 19%. Sales, however, dropped a "disappointing" 15% from a year earlier to $352 million, as the company worked to cut costs by trimming holiday catalog pages by 25% and mailing two catalogs during the season instead of three. Lands' End's shares on Thursday rose $5.63 to close at $34.88 on the New York Stock Exchange. Net income rose to $33.
BUSINESS
January 12, 2001 | Reuters
Catalog retailer Lands' End Inc. said earnings for the fiscal year ending Jan. 26 will fall short of year-ago profit as holiday results were crimped by costly snowstorms and a large backlog of orders. Analysts polled by First Call had expected $1.33, on average, for the current fiscal year. Lands' End earned $1.52 a share in the previous year.
BUSINESS
May 19, 2001 | Abigail Goldman
Lands' End Inc. stock rose 6% on unconfirmed reports that a variety of big-name retailers are looking into buying the mail-order clothing company. The company is majority owned by its founder and chairman, Gary C. Comer, 73. Executives at Lands' End could not be reached for comment about a story in Business Week saying that Sears, Roebuck & Co. and several others have been eyeing Dodgeville, Wis.-based firm.
BUSINESS
May 18, 2001 | Reuters
The chairman of catalog retailer Lands' End Inc., Gary Comer, has put his company up for sale, but hasn't found any buyers yet, according to the new edition of BusinessWeek magazine. The magazine, in its May 28 issue, cited unnamed sources as saying that Sears, Roebuck & Co. was looking into acquiring the company last fall, but hasn't made an offer. It also quoted sources as saying Wal-Mart Stores Inc. and May Department Stores Co. also looked at the company last year.
BUSINESS
May 10, 2001 | Reuters
Lands' End Inc. surprised Wall Street by posting a significant rise in first-quarter profit and announcing it expects earnings to grow by at least 20% for the full year. The Dodgeville, Wis.-based catalog retailer, known for its preppie-style casual apparel, said net income for the quarter ended April 27 was $5.9 million, or 20 cents a share, substantially higher than analysts' consensus estimate of 2 cents. Lands' End posted a profit of $292,000, or 1 cent, in the year-earlier period.
BUSINESS
January 12, 2001 | Reuters
Catalog retailer Lands' End Inc. said earnings for the fiscal year ending Jan. 26 will fall short of year-ago profit as holiday results were crimped by costly snowstorms and a large backlog of orders. Analysts polled by First Call had expected $1.33, on average, for the current fiscal year. Lands' End earned $1.52 a share in the previous year.
BUSINESS
January 14, 2000 | From Bloomberg News
Lands' End Inc. on Thursday said profit rose in the two-month holiday season, suggesting it may beat fourth-quarter earnings estimates and sending shares up 19%. Sales, however, dropped a "disappointing" 15% from a year earlier to $352 million, as the company worked to cut costs by trimming holiday catalog pages by 25% and mailing two catalogs during the season instead of three. Lands' End's shares on Thursday rose $5.63 to close at $34.88 on the New York Stock Exchange. Net income rose to $33.
BUSINESS
December 9, 1999 | Bloomberg News
Lands' End Inc. said its November sales fell 18%, far more than expected, because of a cutback in catalog mailings and weak demand for cold-weather clothing. The news sent its shares down nearly 25%. The retailer, which warned last month that its fourth-quarter sales would decline because of the catalog cuts, also said it was hurt by the shifting of a clearance catalog to the third quarter of this year from the fourth quarter of 1998.
BUSINESS
May 10, 2001 | Reuters
Lands' End Inc. surprised Wall Street by posting a significant rise in first-quarter profit and announcing it expects earnings to grow by at least 20% for the full year. The Dodgeville, Wis.-based catalog retailer, known for its preppie-style casual apparel, said net income for the quarter ended April 27 was $5.9 million, or 20 cents a share, substantially higher than analysts' consensus estimate of 2 cents. Lands' End posted a profit of $292,000, or 1 cent, in the year-earlier period.
BUSINESS
December 9, 1999 | Bloomberg News
Lands' End Inc. said its November sales fell 18%, far more than expected, because of a cutback in catalog mailings and weak demand for cold-weather clothing. The news sent its shares down nearly 25%. The retailer, which warned last month that its fourth-quarter sales would decline because of the catalog cuts, also said it was hurt by the shifting of a clearance catalog to the third quarter of this year from the fourth quarter of 1998.
BUSINESS
November 12, 1999 | From Associated Press
Shares of Lands' End Inc. plunged more than 30% Thursday after the retailer warned that revenue over the next few quarters may be lower as it reduces its catalog mailings. As part of its fiscal third-quarter earnings statement released Thursday, the Dodgeville, Wis.-based company reiterated previously announced plans to reduce its catalog circulation and the number of pages in its catalogs in an attempt to cut costs and eliminate unprofitable mailings.
BUSINESS
September 10, 1999 | Bloomberg News
Shares of Lands' End Inc., the No. 5 catalog retailer, rose to a record high Thursday on investor enthusiasm about the company's turnaround and rising Internet sales. The stock gained $1.69 to close at $58.75 on the New York Stock Exchange, continuing an ascent started after the company reported better-than-expected earnings Aug. 12. Lands' End said it knew of no reason for the gain. The Dodgeville, Wis.
Los Angeles Times Articles
|