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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Sears Holdings Corporation (CE) | USOTC:SHLDQ | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.10 | 0.00 | 01:00:00 |
From May 2019 to May 2024
Lands' End Inc. swung to a loss in its latest quarter and revenue declined due to less discounting.
Chief Executive Federica Marchionni said sales were soft in July due to reduced markdown inventory and more targeted, but less discounting-based, promotions.
That lead same-store sales to fall 2.5% but boosted its gross margin to 46.6% from 46.3%.
Wisconsin-based Lands' End was spun off from Sears Holdings Corp. in 2014 and runs many of its shops inside Sears stores. The number of Lands' End locations at Sears fell in the quarter.
In all for the quarter, Lands' End reported a loss of $2 million, or 6 cents a share, down from a year-earlier profit of $7.5 million, or 23 cents a share.
Revenue declined 6.5% to $292 million.
Shares in the company, up 11% in the last three months, were inactive in premarket trading.
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
September 01, 2016 07:55 ET (11:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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