Stephanie Cutler, Senior Reporter
March 10, 2000
Lands' End Reports Sales Down For Fiscal 2000
Specialty catalog and merchandising company Lands' End, Dodgeville, WI reported yesterday net sales for fiscal year 2000 were $1.320 billion, down 3.8 percent from the prior year's $1.371 billion. The apparel cataloger claims that the decrease in sales was due to a planned reduction in catalog pages mailed and that it had planned the year as a transitional period in which it reduced unprofitable mailings, reduced expenses, and liquidated excess inventory in preparation for new merchandise.
Sales for the core business segment were $780 million, down 9 percent from the previous year.
Lands' End's specialty business segment had the strongest performance for fiscal year 2000, with sales at $397 million, up 9 percent.
Sales from the international business segment were $143 million compared to $146 million last year.
The 52-week fiscal year ended January 28.
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