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Lands’ End is further severing its ties with former parent Sears Holdings Corp. by closing more units situated in Sears stores and opening additional stand-alones, Bloomberg reports.
The company says it plans to reduce the number of in-store units to about 100 by the end of this year — down from 159 as of the end of March. It will open four to six of its own stores this year, and an additional 40 to 60 over the coming five years.
“Some people have an affinity for Sears, and some people don’t,” said Lands’ End CEO Jerome Griffith, speaking to the news service.
Last month Sears announced plans to close 63 more Sears or Kmart units by early this fall.
By Edmund Mander
Director, Editor-In-Chief/SCT
