Lands' End, Inc. (LE)

In January 2026, Lands' End announced a joint venture with WHP Global, contributing its intellectual property for $300 million and a 50% stake, leading to a stock price surge. In April 2026, the joint venture was completed, and a $100 million share repurchase program was authorized. In March 2026, Lands' End reported its fourth-quarter and full-year fiscal 2025 results, showing top-line growth in the fourth quarter and a 2.0% decrease in net revenue for the full year. In December 2025, the company reported a 28% increase in Adjusted EBITDA for the third quarter of fiscal 2025.

Lands' End experiences demand seasonality, with a significant portion of net revenue and operating cash flows occurring in the fourth fiscal quarter, aligning with seasonal shopping events. The second fiscal quarter can see a slower start for seasonal products like swimwear.

Lands' End, Inc. is an American digital retailer specializing in apparel, swimwear, outerwear, accessories, footwear, home products, and uniforms, operating within the Consumer Cyclical sector and Apparel Retail industry. Founded in 1963, it offers products through e-commerce, third-party channels, company-operated stores, and license agreements, also providing uniform and logo apparel via its Outfitters channel.

Lands' End focuses on customers in the United States, the United Kingdom, and Germany, with most revenue from the U.S. e-commerce segment. As of February 2024, it operates 26 domestic stores, with approximately 7.7% of fiscal 2023 revenue from international orders fulfilled to customers in around 135 countries outside the United States.

Lands' End has been recognized for its customer service, appearing in Newsweek's list of America's Best Customer Service in 2021, 2022, and 2023. Potential shifts in consumer discretionary spending could affect demand. Lands' End is working to broaden its appeal, focusing on both loyal and newer customer segments.

Lands' End's ownership includes institutional and individual investors, with Edward Lampert being the largest individual shareholder. Sears Holdings Corp is also a large individual shareholder. Major institutional owners include Dimensional Fund Advisors Lp, BlackRock, Inc., and Vanguard Group Inc, among others.