What Rough Quarter At Lands’ End Teaches Us About The Clothing Business These Days
by MR Magazine Staff Dec 04, 2015
By almost any measure, the third quarter was a rough one for apparel retailer Lands’ End. The company said Thursday that its profit sank 40 percent, revenue plunged 10 percent and sales at stores open more than a year were down 8.9 percent. The gloomy results come as the retailer, known for its catalogs of sensible, sailing-trip-ready attire, is swallowing a bitter pill in an effort to remake itself for a younger, more digital-savvy customer. And the speedbumps it is hitting along the way are emblematic of broader challenges faced by the retail industry in a moment when customers aren’t spending big, especially on clothes. Read more at The Washington Post.