Lands End filed that 8-k about how it can't find refinancing for the loan coming due soon, and it doesn't sound like owner Eddie Lampert has the means to bail them out either. It doesn't look good at all.
On top of ongoing airline lawsuits, losing a lot of business because of the airline route closures and the loss of uniform business due to schools going online in the fall. People aren't doing much in the way of vacations or buying retail clothing... — read more
I'm not sure how many people were laid off, but dozens of employees from the corporate office were laid off on May 21, 2020.
Lights are out and no one's home
Lands' End is furloughing at least 70% of their employees in corporate and nearly 100% of their retail employees. All of the stores will be closed "until further notice"... that just doesn't bode well if you ask me. I left Lands' End ages ago and I... — read more
What's your situation? If I do not start making money in 2 months I may end up homeless. This whole thing is horrible.
Some employees furloughed for two weeks without pay. Asked not disclose to customers or discuss.
As if Eddie Lampert's mismanaging Sears wasn't bad enough, he's driving Land's End straight into the ground too with his lack of investment, shuttering of store after store, and his online retailing anti-expertise, Losing the airline industry is... — read more
LE is worth only a quarter of what it was when Sears acquired it, and now it will barely have a bricks and mortars presence anymore. Let's face it, the Land's End crowd doesn't exactly intersect with Amazon buyers, they intersect with Sears', and... — read more
Land's End is awesome - my wife used to work there - she loved it and they did not have job cuts and RIFs there at all