Lands’ End Inc. is going it alone without Sears and bringing its first two standalone Michigan stores to Novi and Grand Rapids.
The Dodgeville, Wis.-based casual clothing and home goods retailer (NASDAQ: LE) spun off from Sears Holdings Corp.
in 2014. Now Lands’ End is building out company-operated locations as its former big-box chain parent company has turned off the lights in hundr of spaces in recent years.
More than 100 Sears and Kmart stores are set to close in the coming months.
Lands’ End plans to open Thursday a 7,189-square-foot store at West Oaks II Shopping Center in Novi and opened this past Thursday a 7,800-square-foot at the Shops at CenterPoint in Grand Rapids.
The stores will employ 12-15 workers, with additional seasonal workers during the holidays.
The 56-year-old American lifestyle brand founded in Chicago sells women‘s, men’s and children‘s clothing; home decor; and furniture.
Lands’ End has been phasing out its sites situated inside the struggling Sears chain, halving its number of in-Sears shops since the split about five years ago, Bloomberg reported in 2018. At that time, is expected to add 40-60 locations over the next five years.
According to its website, Lands’ End still has in-store shops at the Sears in Livonia Mall, Rivertown Crossing Mall in Grandville, Frandor Shopping Center in Lansing (set to close) and Crossroads Mall in Portage (set to close).
Lands’ End saw above-expectations sales and net income in the second quarter, as the company is expanding its retail footprint while others shrink theirs.
It expects 2019 net income between $12 million-$17 million on expected net revenue of $1.45 billion-$1.
50 billion, according to an earnings news release. It reported $11.
6 million in net income in 2018 and net revenue of $1.45 billion.
The company said in an email that it will continue scouting sites in Michigan for additional locations but is focused on launching its new stores.
— Bloomberg contributed to this report.