- Investors are scrambling out of Lands' End (NASDAQ:LE) after the company's high-profile CEO stepped down.
- Federica Marchionni was attempting to add more fashionable lines at the company and delve into athletic apparel, meaning the CEO switch could reset strategy again.
- Shares are down 11.64% to $15.90 vs. a 52-week trading range of $14.03 to $28.08.
- Previously: Lands' End CEO steps down (Sept. 26)