SHLD Stock Price – Sears Holdings Corp. Stock Quote (U.S.: Nasdaq)


Lands’ End opening stores amid shrinking Sears footprint, partnering with The Weather Channel

Lands’ End Inc. said Monday that it has a new store concept that will launch in Chicago this year with plans to open four-to-six other locations. Over the next five years, the company will open between 40 and 60 stores. Lands’ End has about 180 locations in Sears Holdings Corp. stores, according Jerome Squire Griffith, Lands’ End chief executive, in a FactSet transcript of his presentation at the ICR Conference. “As you know, the Sears store group is continuing to close stores and our numbers continue to go down,” he said. We will not be really relying on Sears in the future for growth for us.” Sears announced 100 store closures, including Kmart, last week. “[I]t’s our expectation that our Sears business at a point in time will go away and that we’ll be talking directly to the consumer through out own stores.” Besides stores, Lands’ End plans to extend its reach through a partnership with The Weather Channel. “The Weather Channel has a core consumer attribute that is exactly the same as Lands’ End with many more customers than what we have,” said Griffith. Finally, Lands’ End Outfitters, the company’s uniform arm which generates about two-thirds of its business, according to Griffith, has a new customer, Delta Air Lines Inc. , which is also the company’s biggest client. Lands’ End shares are up nearly 2% in Tuesday trading, and up 47.7% for the last three months. The S&P 500 index is up 8.4% for the past three months.




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