May 9, 2001, 12:00 AM

Lands’ End web sales grow 40% while overall sales are up 9%

Internet sales at Lands’ End reached $54 million in the first quarter, up from $39 million in the year-ago quarter.

Kurt Peters

Executive Editor

Internet sales at Lands’ End Inc. grew 40% in the first quarter (ended April 27) over the first quarter a year ago, reaching $54 million vs. $39 million a year ago. Lands’ End’s total revenue for the first quarter grew 9% to $311.1 million from $285.8 million in the prior year`s quarter. Net income for the quarter just ended was $5.9 million vs. net income of $292,000 for the same period last year. "We`re extremely pleased with our first quarter performance, having demonstrated strong sales and a significant improvement in earnings,” said David F. Dyer, president and CEO. “This was especially gratifying in the face of a difficult economy. "

Gross profit for the quarter just ended was $132 million, or 42.4% of total revenue, compared with $120 million, or 41.9% of total revenue in the prior year. Merchandise gross profit margin rose due to higher initial margins from improved sourcing.



Sign In to Make a Comment

Comments are moderated by Internet Retailer and can be removed.

Not a member? Signup for free today!




Relevant Commentary


Jason Squardo / Mobile Commerce

Five tips for achieving high mobile search rankings

Searches on mobile devices will soon exceed those on computers, Google says. Retailers that keep ...


Sergio Pereira / B2B E-Commerce

Quill turns to its B2B customers for new ideas

Coming in April is a new section of that will let customers and Quill ...