LE - Lands' End Will Survive Retail Chaos
Since the COVID-19 pandemic poses an existential threat to various pockets of the retail industry, investors in this space have expended much effort this year in determining which companies will indeed make it to the other side of the current economic drawdown.
In its fiscal 2020 earnings report released this past week, casual clothing manufacturer Lands' End (NASDAQ: LE) offered evidence that it falls safely in the category of viable companies going forward. The results, issued Sep. 2, revealed that the company bounced back to profitability after a weak first quarter on strong e-commerce sales and COVID-19 related cost control. Lands' End is also investing in tangible opportunities that it can capitalize on once the U.S. economy emerges from its pandemic-constrained crawl.
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