May 27, 2017 8:43 PM ET

Internet and Direct Marketing Retail

Company Overview of Lands' End, Inc.

Company Overview

Lands’ End, Inc. operates as a multi-channel retailer in the United States, the United Kingdom, Germany, and Japan. The company operates through two segments, Direct and Retail. It offers casual clothing, accessories, footwear, and home products. The company sells its products online through landsend.com, and affiliated specialty and international Websites; direct mail catalogs; and retail locations primarily at Lands' End Shops at Sears, Lands' End Inlet stores, and international shop-in-shops. As of January 27, 2017, it operated 216 Lands’ End Shops at Sears; and 14 Lands’ End Inlet stores. Lands’ End, Inc. was founded in 1963 and is headquartered in Dodgeville, Wisconsin.

1 Lands’ End Lane

Dodgeville, WI 53595

United States

Founded in 1963

5,000 Employees

Phone:

608-935-9341

Key Executives for Lands' End, Inc.

Chief Financial Officer, Chief Operating Officer, Executive Vice President and Treasurer
Age: 48
Total Annual Compensation: $861.6K
Chief Merchandising & Design Officer and Executive Vice President
Age: 65
Total Annual Compensation: $491.6K
Senior Vice President of Employee & Customer Services
Age: 53
Total Annual Compensation: $384.0K
Chief Marketing Officer and Executive Vice President
Age: 46
Total Annual Compensation: $381.7K
Compensation as of Fiscal Year 2016.

Lands' End, Inc. Key Developments

Lands' End, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 27, 2017; Reports Impairment Results for the Fourth Quarter Ended January 27, 2017; Provides CapEx Guidance for the 2017

Lands' End, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended January 27, 2017. For the quarter, the company reported net revenue of $458,841,000 compared to $473,543,000 a year ago. Operating loss was $148,434,000 compared to $54,794,000 a year ago. Loss before income taxes was $157,603,000 compared to $60,544,000 a year ago. Net loss was $94,821,000 or $2.96 per basic and diluted share compared to $39,458,000 or $1.23 per basic and diluted share a year ago. Adjusted net income was $13,010,000 or $0.41 per share compared to $22,559,000 or $0.71 per share a year ago. Adjusted EBITDA was $30,650,000 compared to $48,070,000 a year ago. For the year, the company reported net revenue of $1,335,760,000 compared to $1,419,778,000 a year ago. Operating loss was $152,631,000 compared to $5,084,000 a year ago. Loss before income taxes was $178,880,000 compared to $29,239,000 a year ago. Net loss was $109,782,000 or $3.43 per basic and diluted share compared to $19,548,000 or $0.61 per basic and diluted share a year ago. Adjusted net income was $2,076,000 or $0.06 per share compared to income of $40,406,000 or $1.26 per share a year ago. Adjusted EBITDA was $39,832,000 compared to $107,288,000 a year ago. Net cash provided by operating activities was $23,693,000 compared to $35,891,000 a year ago. Purchases of property and equipment were $33,319,000 compared to $22,224,000 a year ago. For the fourth quarter ended January 27, 2017, the company reported intangible asset impairment of $173,000,000 compared to $98,300,000 a year ago. For the 2017, the company expects CapEx to be approximately $40 million to $50 million in 2017, the majority of which will be associated with ERP program and other technology investments.

Lands' End Launches a New Collection of Spring Outerwear for Women, Offering Versatile Options for the Wide Range of Spring Weather and Lifestyle Need

Lands' End announced it is launching a new collection of spring outerwear for women, offering versatile options for the wide range of spring weather and lifestyle needs. Cooper recommends keeping fit and function top of mind when shopping for the perfect spring jacket. Interior cinched waist details and following the product size chart helps flatter figures without leaving room for wind and rain to sneak in. Lifestyle and local weather are key to ensuring spring outerwear meets functionality needs. Here are some of the spring trends found in the new Lands' End spring outerwear collection: Classic Khaki with a Modern Twist: The Harbor Trench Coat is a go-to piece that takes the trench trend and makes it a spring staple. Worn with a pair of jeans or a classic dress, this chic trench is perfect for business wear, formal occasion and light rain. The single-breasted style features princess seams, a back-button yoke and removable belt in a water repellent fabric. Standout Sporty Staple: The popular winter Squall® is now a standout this spring and with good reason. It is a solid combination of water and wind resistance, smart design and sporty style. The new Women's Lightweight Squall features a waterproof and wind-resistant nylon shell that can be cinched at the waist for a flattering shape, sealed seams, and a removable hood that is available in on-trend colors such as yellow dandelion and rich red. Brighten Up Dreary Days with Shades of Yellow: Yellow is the key color for spring outerwear this season. Saturated yellows in coats and jackets will brighten up any dreary day. For all around versatility and style, the StormRaker Jacket cannot be beat. Flap pockets keep items safe while an inner-cinched drawcord can lend shape and keep away breezy drafts. Look for the StormRaker in yellow dandelion, as well as four other colors. Lightweight and Packable: If travel is on the agenda or Mother Nature is being indecisive, the Women's Travel PrimaLoft Jacket is highly compactible and makes an easy extra layer of warmth with its 80-gram PrimaLoft® insulation. This jacket easily folds up into the included drawstring bag, allowing for easy packing.

Lands' End, Inc. Announces Resignation of Scott D. Hyatt as Executive Vice President, Chief Supply Chain Officer, Effective March 31, 2017

On March 14, 2017, Scott D. Hyatt resigned as Executive Vice President, Chief Supply Chain Officer of Lands' End, Inc. and as an employee of the company, effective March 31, 2017.

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