Lands' End, Inc. operates as an international retailer utilizing a diverse array of sales channels to offer casual apparel, accessories, footwear, and home merchandise. The company's market presence extends across the United States, Europe, Asia, and other global regions. Its operations are segmented into specific divisions, including U.S. eCommerce, Europe eCommerce, Japan eCommerce, Outfitters, Third Party channels, and its dedicated Retail segment. Customers can procure the company's products through its digital e-commerce platforms, its network of proprietary physical stores, and via external distribution partners. These items are marketed under a comprehensive portfolio of brands such as Lands' End, Let's Get Comfy, Lands' End Lighthouse, Square Rigger, Squall, Super-T, Drifter, Outrigger, Marinac, Beach Living, Supima, No-Gape, Starfish, Iron Knees, Hyde Park, Year' Rounder, ClassMate, Willis & Geiger, and ThermaCheck. As of January 28, 2022, Lands' End maintained 30 company-operated retail outlets. Established in 1963, the enterprise has its principal offices located in Dodgeville, Wisconsin.
Lands’ End Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)
Lands' End disclosed the specific inducement equity awards granted to new CEO Charlie Cole in connection with his July 13 commencement of employment.
The package includes an inducement sign-on grant of 109,361 restricted stock units and options to purchase 166,018 shares at an exercise price of $11.43.
These awards, which were previously outlined in a June 30 Form 8-K, vest in increments of 25%, 25%, and 50% over the first three years of his tenure.