Lands’ End to Cut Staff, Close a Catalog
<i> Bloomberg News</i>
Lands’ End Inc. said it will cut 94 employees, or about 11% of its salaried staff, and liquidate its Willis & Geiger outdoor clothing catalog to reduce costs. Dodgeville, Wis.-based Lands’ End also said it will close three of its 19 outlet stores, none in California, as it focuses on selling its casual clothing through catalogs and the Internet. The moves will result in an unspecified charge in the fiscal fourth quarter. Lands’ End shares closed up $2 to $27.06 on the NYSE.
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