Lands' End lower on first day of trading

Lands' End (LE -5.5%) drifts lower on its first day of public trading.

The retailer is in a downward spiral of declining sales, but did manage to earn a profit of $78.8M last year.

Despite gaining its independence back, Lands' End is still reliant on its parent company with a sizable number of its shops set up inside of Sears stores.

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