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.
It doesn't look good
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
Lands End Annouced Mass Layoffs
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.
Is it a bad sign that the Lands' End Career site isn't even working?
Lights are out and no one's home
Lands' End closing all stores until further notice, furloughs, etc.
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
How are you handling furloughs?
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.
Delta workers sue over ‘toxic’ Land's End new uniforms causing serious health issues
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
It's such a shame to see a once great company mismanaged by the debacle that is Eddie Lampert's Sears
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
Great Company - Taking Good Care of Employees
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