Lands' End, Inc. (LE)

In March 2025, the Board of Directors announced it was exploring strategic alternatives, including a potential sale or merger, to maximize shareholder value. For the first quarter of fiscal 2025, Lands' End reported a 9% decrease in total revenue year-over-year, reaching $261 million, with an adjusted net loss of $5.4 million, or $0.18 per share. In the second quarter of fiscal 2025, net revenue decreased by 7.3% to $294.1 million compared to the prior year, and the company reported an adjusted net loss of $1.9 million, or $0.06 per diluted share. Analyst sentiment has shown some improvement, with Wall Street Zen raising shares of Lands' End from a "hold" to a "buy" rating in September 2025, and the stock's value has risen by 21.4% year-to-date as of October 27, 2025.

Lands' End's business is seasonal, with the highest levels of sales typically occurring during the fourth fiscal quarter, accounting for approximately 34.0% of its yearly net revenue. The company's product assortment, including outerwear and swimwear, contributes to seasonal fluctuations in demand, and the company actively caters to customer needs throughout the year with seasonal basics and technical fabrics.

Lands' End, Inc. is an American digital retailer specializing in apparel, swimwear, outerwear, accessories, footwear, and home products, operating within the Consumer Discretionary sector and Apparel Retail industry. It functions as a multi-channel retailer through e-commerce websites, company-operated stores, and third-party distribution. The company provides uniform and logo apparel through its Outfitters segment and earns royalties on the Lands' End trademark. Lands' End is known for its classic American lifestyle brand, emphasizing quality, value, and service, with key product categories including swim, outerwear, and sleepwear.

Lands' End, Inc. operates in the United States, Europe, and internationally, fulfilling orders to customers in approximately 135 countries outside the U.S., with international sales contributing around 9% of its net revenue in Fiscal 2023. Its operating segments include U.S. eCommerce, Europe eCommerce, Outfitters, Third Party, and Retail. As of February 2024, Lands' End operates 26 domestic stores and its headquarters are located in Dodgeville, Wisconsin, with three distribution centers in Wisconsin.

Lands' End has historically received accolades for its customer service, but recent customer reviews indicate challenges impacting its brand reputation, including shipping delays, inconsistent product quality, and poor customer service communication. Despite these concerns, some customers praise the quality of specific products. The company's B2B segment, Lands' End Business, maintains a positive reputation for custom work uniforms and promotional products.

Lands' End, Inc. has a mixed ownership structure, with approximately 83.80% of the company's stock held by retail investors. Edward Lampert is the largest shareholder, holding 55% of shares outstanding as of August 2025. Institutional investors hold approximately 0.07% to 15.03% of the company's stock. Major institutional owners include AMERICAN FUNDS INSURANCE SERIES, Dimensional Fund Advisors Lp, BlackRock, Inc., and Vanguard Group Inc, among others.