Rising from Sears’ ashes: Lands’ End works to emerge from the troubled parent’s shadow

The clothing retailer opened the first of 15 new locations it plans to add this year

Chicago /
Mar.March 10, 2019 09:00 AM

Lands’ End CEO Jerome Griffith (Credit: Facebook)

Lands’ End will open 15 new locations in the Northeastern U.S. this year, part of a 75-store expansion the company envisions during the next five years to break away from parent company Sears.

The nautical-themed clothing retailer, which Sears acquired for $2 billion in 2002, once operated shops inside as many as 300 larger Sears stores, according to the Baltimore Sun.

The company credits its renewed focus in online sales for its steadily growing earnings, which hit $1.4 billion last year despite a 21 percent drop in sales at stores.

Lands’ End lost 63 locations inside Sears stores between August and October last year, when Sears Holdings was purging dozens of stores amid bankruptcy discussions. Lands’ End still operates about 40 of the stores within stores, but it plans to separate from Sears completely by the end of the year.

Five Lands’ End stores were opened last year, including three in the New York area and one in Illinois, adding to 11 other stand-alone stores. [Baltimore Sun] — Alex Nitkin


Related Articles

arrow_forward_ios
Arboretum of South Barrington and Rick Heidner (TripAdvisor, LinkedIn)
Chicago’s Heidner takes over struggling South Barrington shopping center
Chicago’s Heidner takes over struggling South Barrington shopping center
Celine's Séverine Merle's with  939 North Rush Street (Google Maps, ESSEC Alumni)
French boutique Celine coming to Chicago’s “ultra-expensive” shopping district
French boutique Celine coming to Chicago’s “ultra-expensive” shopping district
Bears George McCaskey with Soldier Field
Minor league baseball complex aired for new Chicago Bears stadium
Minor league baseball complex aired for new Chicago Bears stadium
Fritz Kaegi (iStock)
Chicago Assessor Kaegi wins primary, fending off trade union challenge
Chicago Assessor Kaegi wins primary, fending off trade union challenge
The John Buck Company's chairman and CEO John A. Buck II in front of a rendering of the planned two-tower office building project at 655 West Madison Street (The John Buck Company, Juan Gabriel Moreno Architects, iStock)
John Buck shifts to two-tower plan for West Loop project
John Buck shifts to two-tower plan for West Loop project
Belgravia Group's chairman Alan D. Lev and 1319 East Golf Road in Schaumburg (Belgravia Group, Google Maps, iStock)
Belgravia cashes out of Chicago PGA store with $19M pandemic flip
Belgravia cashes out of Chicago PGA store with $19M pandemic flip
311 W Walton Street (LoopNet)
River North office building triples in value since 2014
River North office building triples in value since 2014
Citadel's Ken Griffin (Citadel, iStock)
Miami nabs another big name as Citadel’s Griffin shifts HQ
Miami nabs another big name as Citadel’s Griffin shifts HQ
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...