Land's End: Q3 Ebitda increases, less stores at Sears impact revenues

For its third quarter, Lands’ End, Inc. net revenue decreased 0.5 percent to 340 million dollars compared to the same period last year. The company said in a statement that sales decline reflected 89 fewer Lands’ End shops at Sears, which resulted in a net revenue decline from Sears operations of 17 million dollars. US ecommerce revenue growth was 7.4 percent, driven by greater demand for key items and a high single digit increase in new customer acquisitions, while same store sales for US company operated stores increased by 8.3 percent.