Highest-materiality recent filing
Lands' End appoints Charlie Cole as CEO, replacing Andrew McLean effective July 13, 2026
Charlie Cole appointed CEO and board member effective July 13, 2026; Andrew McLean steps down as CEO and resigns from board.
Lands' End Q1 revenue $239M (-8.5% YoY) as DC disruption hits; net income $330.7M on WHP Global JV
Net revenue $238.9M vs $261.2M YoY; temporary warehouse system disruption estimated to have caused low-single-digit growth absent impact.
Lands' End completes JV with WHP Global, receives $300M, repays $234M term loan
Lands' End contributed brand IP to JV, sold 50% controlling interest for $300M cash.
Lands' End Q4 revenue +4.7% to $462M, adj EPS $0.76; WHP JV on track for Q1 close
Q4 net revenue $462.4M (+4.7% YoY); US eCommerce +4.8%; Outfitters +9.6%; Europe eCommerce +9.3%.
Lands' End sells 50% IP stake to WHP Global for $300M; WHP launches $100M tender at $45
Lands' End contributes all brand IP and related assets to new JV; sells 50% controlling interest to WHP Global for $300M cash.
Lands' End to sell 50% of IPCo to WHP for $300M; tender offer for up to $100M of stock
WHP will purchase 50% of newly formed IPCo (holding Lands' End brand IP) for $300M cash; proceeds used to repay term loan.
Lands' End Q3 net income $5.2M; Adj. EBITDA up 28% to $25.9M
Net income of $5.2M ($0.17 EPS) vs $(0.6M) loss a year ago; Adj. diluted EPS $0.21 vs $0.06.
Lands' End Q2 revenue down 7.3% to $294M; net loss narrows to $0.12/share; gross margin up 90 bps
Net revenue $294.1M (-7.3% YoY); U.S. eCommerce fell 11.2% to $167.3M, Outfitters grew 5.1% to $66.4M.
Lands' End Q1 net revenue $261.2M (-8.5% YoY); net loss $0.27/sh; gross margin 50.8% (+210bps)
Net revenue $261.2M (-8.5% YoY); U.S. eCommerce flat at $170.7M; Europe eCommerce down 28.4% to $17.9M.
Lands' End enters retention agreements with CEO, CFO, President; payments tied to Change in Control
Retention agreements with CEO Andrew McLean ($550k), CFO Bernard McCracken ($263k), and President Peter Gray ($348k).
Lands' End Q4 net income $18.5M vs loss year ago; FY2024 returns to profitability
Q4 net revenue $441.7M, down 14.2% YoY; gross margin +760bps to 45.6%.
Lands' End Board launches strategic alternatives process including potential sale
Board initiates process to explore strategic alternatives, including sale or merger.
Lands' End confirms receipt of letter from Edward Lampert requesting strategic sale process
Edward S. Lampert requested the Company initiate a strategic sale process to maximize shareholder value.
Lands' End Q3: gross margin up 360bps to 50.6%, adj EBITDA $20.3M, guides Q4 rev $440-480M
Net revenue $318.6M (-1.9% YoY); gross profit $161.1M (+5.6%) on lower promotions and supply chain savings.
Lands' End Q2 net loss narrows to $5.3M; gross margin up 470bps to 47.9%; raises FY profit guidance
Net revenue $317.2M, down from $323.3M; GMV up mid-single digits; gross profit up 8.8% to $151.9M.
Lands' End Q1 net revenue down 7.8% to $285.5M; gross margin expands 410 bps to 48.7%
Net loss of $6.4M ($0.20 loss per share) vs loss of $1.7M ($0.05) a year ago; adjusted net loss $6.2M.
Lands' End Q4 gross margin up 550 bps; guides FY2024 adjusted EBITDA $84-96M
Q4 net revenue $514.9M (-2.8% YoY); gross profit +13.5% to $195.4M; gross margin 38.0% (vs 32.5%).
Lands' End enters $260M term loan facility with Blue Torch to repay existing debt
$260M term loan matures Dec 2028; amortizes 1.25% per quarter; proceeds repay prior Fortress facility.
Lands' End Q3 revenue down 12.5% to $324.7M; gross margin up 700 bps to 47.0%
Net revenue $324.7M (-12.5% YoY); gross margin improved 700 bps to 47.0% on better inventory management and less clearance sales.
Lands' End appoints Bernard McCracken as permanent CFO, effective Sept 14, 2023
Bernard McCracken, previously Interim CFO, named permanent CFO; also continues as Treasurer and principal accounting officer.
Lands' End Q2 net loss widens to $8M; gross margin +220bps, inventory -30% YoY
Net revenue of $323.3M, down 7.9% YoY; net loss of $8.0M ($0.25 loss per diluted share) vs. $2.2M loss a year ago.
Lands' End Q1 net revenue up 1.9% to $309.6M; raises FY2023 outlook
Net loss improved to $1.7M ($0.05 loss per diluted share) vs $2.4M loss in prior year.
Lands' End Q4 net loss $0.10/share, revenue down 4.6%; full-year net loss $0.38
Q4 net revenue $529.6M (down 4.6% YoY); net loss $3.3M ($0.10 loss per diluted share) vs net income $7.1M ($0.21 EPS) last year.
Lands' End CFO James Gooch to resign Jan 27; Bernard McCracken named interim CFO
James Gooch resigns as President and CFO effective Jan 27, 2023; will serve as advisor through Feb 2024.
Lands' End Q3 net loss $4.7M vs prior-year profit; lowers FY2022 guidance
Net revenue fell 1.3% YoY to $371.0M; net loss of $4.7M ($0.14 loss per diluted share) vs net income of $7.4M ($0.22) in Q3 2021.
CEO Jerome Griffith to retire Jan 2023; Andrew J. McLean named CEO-Designate effective Nov 1, 2022
Jerome Griffith will retire as CEO at end of fiscal year (Jan 27, 2023), then serve as Executive Vice Chair until May 2023 and Senior Advisor until Jan 2024.
Lands' End Q2 revenue $351.2M (-8.6% YoY), net loss $0.07/sh; Q3 guidance $375-390M revenue
Net loss $2.2M (-$0.07 diluted EPS) vs net income $16.2M ($0.48) in Q2 FY2021.
Lands' End terminates EVP/Chief Product Officer Chieh Tsai in position elimination
Chieh Tsai's employment as EVP and Chief Product Officer terminated on July 12, 2022.
appointed Charlie Cole as Chief Executive Officer of the Company and as a member of the Board, effective as of July 13, 2026.
Andrew McLean will cease to serve as Chief Executive Officer of the Company and will resign as a member of the Board, effective as of July 13, 2026.
On January 22, 2025, the Board of Directors (the “Board”) of Lands’ End, Inc. (the “Company”) increased the number of directors of the Company from six to seven and elected Gordon Hartogensis to the Board, effective immediately.
On October 2, 2024, Angela Rieger, Executive Vice President, Chief Transformation Officer, notified Lands’ End, Inc. (the “Company”) that she will be retiring from the Company and resigning from all positions held with the Company and its subsidiaries, effective April 15, 2025.
On September 14, 2023, Bernard McCracken, the Interim Chief Financial Officer, and Vice President, Controller and Chief Accounting Officer of Lands’ End, Inc. (the “Company”) was appointed Chief Financial Officer of the Company.
On September 5, 2023, the employment of Sarah Rasmusen, Chief Innovation Officer of Lands’ End, Inc. (the “Company”), was terminated, in connection with a position elimination by the Company.
In addition, on January 5, 2023, the Company announced that it has appointed Bernard McCracken, 61, as Interim Chief Financial Officer, effective as of January 28, 2023, to serve while the Company conducts a search for a permanent Chief Financial Officer.
On January 4, 2023, Lands’ End, Inc. (the “Company”) entered into a letter agreement with James Gooch setting forth the terms of his resignation as President and Chief Financial Officer of the Company at the conclusion of the current fiscal year, on January 27, 2023 (the “Resignation Date”).
In addition, on September 12, 2022, the Company announced that it has appointed Andrew J. McLean, 53, as Chief Executive Officer – Designate, and elected Mr. McLean as a member of the Board of Directors to fill a newly created vacancy, each effective as of November 1, 2022.
On September 12, 2022, Lands’ End, Inc. (the “Company”) announced that Jerome Griffith would retire as Chief Executive Officer of the Company at the conclusion of the current fiscal year, on January 27, 2023.
In addition, on September 12, 2022, the Company announced that it has appointed Andrew J. McLean, 53, as Chief Executive Officer – Designate, and elected Mr. McLean as a member of the Board of Directors to fill a newly created vacancy, each effective as of November 1, 2022.
On July 12, 2022, the employment of Chieh Tsai, Executive Vice President, Chief Product Officer of Lands’ End, Inc. (the “Company”), was terminated, in connection with a position elimination by the Company.
Max materiality 0.90 · Median 0.60 · Most common event earnings