Lands' End Christmas web sale shoot up 50%

Sales at the Lands' End web site increased 50% during the 2000 holiday shopping season over the previous year. Web sales now account for 16% of Lands' End total sales. Net sales for the eight weeks ended Dec. 22, 2000, totaled $394 million, up 12% from sales of $352 million during the same period ended Dec. 24, 1999. In December alone, net sales were up 16% over the prior year. Net income for the current year eight-week period was $33.9 million, up 1.6% from the $33.4 million earned in the holiday period in 1999. For the first 47 weeks of fiscal 2001, net sales were $1.252 billion, an increase of 2.4% from sales of $1.222 billion during the similar period of the prior year. Net income in the 47 weeks just ended was $36.8 million, or $1.20 per share, compared with $53.1 million, or $1.68 fully loaded per share in the prior year.