Seeking Alpha

Lands' End not in retail no-man's land

  • A surprisingly strong quarter from Lands' End (LE) following its spinoff from Sears Holdings (SHLD) has caught the attention of retail analysts who expected a few more separation pains.
  • Despite stuck under the stodgy Sears umbrella, Lands' End has a vibrant online presence and a tight rein on costs.
  • Comp sales rose 3.4% at Lands' End in FQ1 to set it apart from the retail slog.
  • What to watch: The company's high mix of revenue from its online and catalog business puts Lands' End on the right side of the "seismic shift" in retail that Starbucks CEO Howard Schultz has forecast.
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