Land's End revenues decline 17.3 percent but reveals upbeat outlook

For the first quarter, net revenue at Land’s End Inc. decreased 17.3 percent to 217 million dollars due to decreased demand attributable to the Covid-19 pandemic. The company said in a statement that net revenue grew 11.1 percent in February 2020 compared to prior year, reflecting strong performances across all business units, while U.S. ecommerce net revenue declined 16.5 percent and International ecommerce net revenue remained approximately flat. Company operated stores achieved comparable store sales growth of 14.2 percent in February before closing mid-March.