An advertising watchdog’s report found dozens of claims that it says were false and deceptive. Wal-Mart blames suppliers.
Web sales at Lands’ End were $72 million this year, up 33% from $54 million a year ago, while merchandise sales grew 4% to $348 million from $336 million a year earlier.
Internet sales at Dodgeville, WI-based Lands` End Inc. accounted for 21% of all sales in the third quarter vs. 16% in the third quarter last year, Lands’ End reported today. Merchandise sales in Q3 reached $348 million, up 4% from $336 million a year ago. Web sales were $72 million this year, up 33% from $54 million a year ago.
Total revenue was $376.1 million, up 4% from $362.3 million a year ago. Net income for the quarter was $12.1 million, compared with $4.4 million earned in the same quarter last year.
For the first three quarters of the year, revenue reached $973.1 million, up 5% from $923.7 million a year ago. Net income for the first nine months was $21 million compared with net income of $2.9 million a year ago.