Tuesday, March 27, 2018

Lands’ End maintains momentum in Q4; plans major store expansion

For its fourth quarter, Lands’ End recorded its third straight period of sales growth after 11 consecutive quarters of declines.

Net income was $39.8 million, compared to a loss of $94.8 million in the year-ago period.

Net revenue increased 11.3% to $510.6 million (the period included an extra week). Direct segment revenue increased 14.3% to $455.6 million. Retail segment revenue decreased 8.7% to $55.1 million compared to the same period last year, primarily due to fewer Lands’ End Shops at Sears. Same-store sales rose 5.0%.. . . more

No comments: