The parent business of Duluth Trading Co. has scaled back its plans to open new stores because of the COVID-19 pandemic. While discussing the Mount Horeb-based retailer’s financial outcomes for fiscal year 2019, executives said the company has cut in half its plan for new stores this year. Duluth Holdings Inc. (Nasdaq: DLTH) had targeted 10 new stores this year but will instead open five.
NEW YORK, NY / ACCESSWIRE / March 17, 2020 / Lands' End, Inc. (NASDAQ:LE) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 17, 2020 at 8:30 AM Eastern ...
Macy's Inc., Nordstrom and Lands' End Inc. have decided to temporarily close their stores nationwide while Kohl's Corp. is joining other retailers in cutting back business hours in response to the COVID-19 pandemic spreading across the nation.
As part of its response to a business slowdown caused by the outbreak of COVID-19, Lands' End Inc.'s president and CEO Jerome Griffith will take a voluntary 50% cut in base salary while other members of the direct merchant's C-suite will take a 20% reduction in base salary.
Q4 2020 Lands End Inc Earnings Call
Wisconsin-based retailers are withdrawing or declining to provide an outlook for fiscal 2020 because of the COVID-19 outbreak. Causal apparel retailer Lands’ End Inc., of Dodgeville, was among the early wave of companies closing stores. RELATED: Read all of the Milwaukee Business Journal's coverage of the coronavirus outbreak Chief financial officer Jim Gooch told analysts that closing the stores would likely have a revenue impact, but he said retail accounts for only about 5% of Lands’ End’s business.
Lands' End (NASDAQ: LE), the iconic American heritage brand, has partnered with the youthful neo-prep brand Rowing Blazers to debut a new capsule of colorful classics launching April 9th. Bringing together Lands' End's timeless American aesthetic with Rowing Blazers' irreverent take on the classics, the latest additions to the Lands' End x Rowing Blazers collection include a water-resistant split-color Windbreaker and a Rowing Blazers-exclusive Striped Signature Rugby Shirt.
Lands’ End continues to offer its merchandise online, and employees at its Wisconsin-based distribution centers are receiving a temporary increase in wages
The default rate among retailers could rise to 19% by the end of the year, according to Fitch Ratings, and that probably will lead to more filings.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Lands' End, Inc. New York, May 18, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Lands' End, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
DODGEVILLE, Wis., May 26, 2020 -- Lands' End, Inc. (NASDAQ: LE) will host a conference call at 8:30 a.m. Eastern Time on Tuesday, June 2, 2020, to discuss its first quarter.
Lands' End (NASDAQ:LE) reported Q4 results.Quarterly Results Earnings per share came in at $0.78, which beat the estimate of $0.77.Revenue of $549,500,000 up by 9.41% from the same period last year, which beat the estimate of $547,930,000.Looking Ahead Q1 EPS expected between $0.74 and $0.71.Q1 revenue expected to be between $545,000,000 and $555,000,000.Conference Call Details Date: Mar 17, 2020View more earnings on LETime: 08:03 AM ETWebcast URL: https://edge.media-server.com/mmc/p/6nuisfx4Technicals 52-week high: $19.2952-week low: $4.50Price action over last quarter: down 68.64%Company Overview Lands' End Inc is a United States-based multi-channel retailer of casual clothing, accessories, and footwear, as well as home products. The company operates through three segments: eCommerce segment which generates maximum revenue to the company; Outfitters and Retail segment. The company offers merchandise through multiple channels, such as catalogs, online platforms, and retail locations, which includes Lands' End shops at Sears, standalone Lands' End Inlet stores and international shop-in-shops located in department stores. The company has a business presence in the United States, Europe, Asia and other areas.See more from Benzinga * Q4 Earnings Preview For Lands' End * 20 Consumer Cyclical Stocks Moving In Tuesday's Session * 10 Specialty Retail Stocks Moving In Wednesday's Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
NOTE: On April 01, 2020, the press release was corrected as follows: The following was added as the seventh paragraph of the RATINGS RATIONALE section: The principal methodology used in these ratings was Retail Industry published in May 2018 and available at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1120379. New York, March 27, 2020 -- Moody's Investors Service (Moody's) placed Lands' End, Inc.'s (Lands' End) ratings on review for downgrade, including the B3 corporate family rating (CFR), B3-PD probability of default rating (PDR) and B3 senior secured term loan rating.
Net Revenue Increased 9.4%Net Income Increased 57.4%Announces new partnership with Kohl’sContinues to Execute Strategic Initiatives to Deliver Long-Term Revenue and EBITDA.
In addition, the Company’s 26 U.S. stores, which closed on March 16, will remain closed until further notice, and in line with local guidance in the markets Lands’ End serves. The Company’s website, www.landsend.com remains open 24/7 and the customer service team will be available via phone or text at 800.963.4816 or via email at landsend@landsend.com to provide service and to answer any questions customers may have. In addition, the Company’s Wisconsin-based distribution centers remain operational, and employees in this area are receiving a temporary increase in pay for all hours worked.
Lands' End Inc. reported Tuesday a 57% rise in fiscal fourth-quarter net income and 9.4% growth in revenue, as American Airlines shipments and e-commerce sales growth offset a decline in revenue from Sears. The company said it the coronavirus outbreak has resulted in lower customer demand over the past week, and that it will not provide guidance for fiscal 2020 given the "rapidly changing business environment." The apparel retailer's stock was still inactive in premarket trading. Net income rose to $25.5 million, or 78 cents a share, from $16.2 million, or 50 cents a share, in the year-ago period. Revneue grew to $549.5 million from $502.3 million. The two analysts surveyed by FactSet were expected revenue in the range of $547.3 million to $548.6 million. American Airlines shipments totaled $40 million. The company announced a new partnership with Kohl's, with its entire product assortment available on Kohls.com and seasonally focused assortment available at stores starting in the fall. The stock has tumbled 57.4% over the past month, while the S&P 500 has shed 29.4%.
Lands' End (NASDAQ: LE), a leading uni-channel retailer known for high-quality apparel for the whole family, has announced May 19, 2020 as International Swimsuit Day. A tradition created to celebrate the beginning of summer and discovering the best swimsuits and beach-related items for the entire family, International Swimsuit Day is filled with swimwear offers and expert advice from Lands' End.
ohl’s Corp. plans to eliminate eight “down-trending” women’s brands, in favor of growing the active category.
Lands' End (NASDAQ: LE), a leading uni-channel retailer known for high-quality apparel for the whole family and the home, and Draper James, a classic American lifestyle brand founded by Reese Witherspoon inspired by her Southern roots, announced today the launch of a limited-edition women's swimwear collection. The collection combines Lands' End classic design, swim expertise and its most beloved styles with Draper James' Americana-inspired style and signature magnolia and gingham prints and design details.
In addition, some corporate office associates whose work has been reduced by the store closures also face a furlough.