About Lands' End

Lands’ End, Inc. (Lands’ End) operates as a leading digital retailer of casual clothing, swimwear, outerwear, accessories, footwear and home products. The company offers products online at www.landsend.com, through its own Company Operated stores and through third-party distribution channels. The company is a classic American lifestyle brand with a passion for quality, legendary service and real value. The company seeks to deliver timeless style for women, men, kids and the home. During Fiscal 2022 (year ended January 27, 2023), the company’s operating segments consisted of: U.S. eCommerce, Europe eCommerce, Japan eCommerce, Outfitters, Third Party, and Retail. U.S. eCommerce offers products through the company’s eCommerce website. International offers products primarily to consumers located in Europe and Japan through eCommerce international websites and third-party affiliates. Outfitters sells uniform and logo apparel to businesses and their employees, as well as to student households through school relationships, located primarily in the U.S. Third Party sells the same products as U.S. eCommerce direct to consumers through third-party marketplace websites and through domestic wholesale customers. Retail sells products through company Operated stores. Strategy The company continues to leverage its iconic American brand, which was founded on the principles of delivering great quality, uncompromising service and exceptional value to its customers. The company is vertically integrated digital retailer that manages most aspects of its design, marketing and distribution in-house. The company’s strategy is continue to strengthen the organization’s focus on key categories, such as swimwear and outerwear, where it has established its authority and has value creation opportunities. Lands’ End maintains a leading digital presence in both the company’s business-to-consumer and business-to-business digital markets. At Lands’ End, the company is customer obsessed and strive to bring its customer what they want, when they want it and where they want it, regardless of the product category or means they use to shop its brand. Lands’ End has long been an innovator, epitomized as being an early adopter of eCommerce for apparel retail, through its embrace of data analytics to better organize the company’s business and service its customers. Lands’ End is committed to serving all of the company’s stakeholders – its hard working and dedicated employees, the supportive communities in which it operates, its shareholders, and its customers. Seasonality The company experiences seasonal fluctuations in its net revenue and operating results and historically has realized a significant portion of its yearly net revenue and earnings during its fourth fiscal quarter (year ended January 27, 2023). The company generated 34.0% of its yearly net revenue in the fourth quarter of Fiscal 2022. Working capital requirements typically increase during the second and third quarters of the fiscal year as inventory builds to support peak selling periods and, accordingly, working capital requirements typically decrease during the fourth quarter of the fiscal year as inventory is sold. Cash provided by operating activities is typically higher in the fourth quarter of the fiscal year due to reduced working capital requirements during that period. Intellectual Property Lands’ End owns or has rights to use certain word and design trademarks, service marks, and trade names that are registered or exist under common law in the United States and other jurisdictions. The Lands’ End trade name and trademark are used both in the United States and internationally and are material to the company’s business. Trademarks that the company commonly uses to identify and distinguish its products and services are Lands’ End Lighthouse, Squall, Tugless Tank, Drifter, Outrigger, Marinac, and Beach Living, all of which are owned by the company, as well as the licensed marks Supima, No-Gape, and others. Other recognized trademarks owned by Lands’ End includes Starfish, Little Black Suit, Iron Knees, Hyde Park, Year’Rounder, ClassMate, Willis & Geiger and ThermaCheck. Lands’ End’s rights to some of these trademarks are limited to select markets. Product Design and Merchandising The company seeks to develop new, innovative products for its customers by utilizing modern fabrics and quality construction to create timeless, affordable styles with excellent fit. The company also seeks to present its products in an engaging and inspiring way. The company’s product strategy includes three major themes: own the vacation; own the weather; and own the fit. History Lands’ End, Inc. was founded in Chicago by Gary Comer in 1963. The company was incorporated in Delaware in 1986.

Country
Industry:
Catalog and mail-order houses
Founded:
1963
IPO Date:
03/20/2014
ISIN Number:
I_US51509F1057
Address:
1 Lands’ End Lane, Dodgeville, Wisconsin, 53595, United States
Phone Number
608 935 9341

Key Executives

CEO:
McLean, Andrew
CFO
McCracken, Bernard
COO:
Data Unavailable