Lands' End Posts Strong Gains for Q1

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The dismal economic slump that has impacted many catalogers has had little effect on cataloger and Internet retailer Lands' End, which saw its revenue for the first quarter rise 9 percent to $311.1 million, according to results released yesterday.

The quarter, which ended April 27, saw net income increase to $5.9 million compared with last year's $292,000.

The addition of its children's catalog and the shifted timing of its clearance catalog accounted for two-thirds of the first-quarter sales increase. The company also is crediting its success to growth in the core business segment, led by its women's and co-ed divisions, and to mailing its core May catalog a week earlier than last year.

Gross profit for the quarter was $132 million, or 42.2 percent of total revenue, compared with $120 million, or 41.9 percent, in the prior year.

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