Press release
Lands’ End Provides Update on Actions taken in Response to COVID-19
DODGEVILLE, Wis., April 06, 2020 (GLOBE NEWSWIRE) -- Lands’ End (NASDAQ: LE), a leading uni-channel retailer known for high-quality apparel for the whole
About this update from Lands' End Inc
[{"type":"text","content":"DODGEVILLE, Wis., April 06, 2020 (GLOBE NEWSWIRE) -- Lands’ End (NASDAQ: LE), a leading uni-channel retailer known for high-quality apparel for the whole family and the home, provided an update on recent actions related to COVID-19.\n Jerome Griffith, Chief Executive Officer and President of Lands’ End stated, “At Lands’ End, the safety and health of all our employees is our first priority and we are taking steps to minimize risk through work-at-home policies, as well as practicing social distancing and enhanced sanitation in our facilities. Given the uncertainty related to the severity and duration of COVID-19, we have also taken proactive steps to reduce costs, carefully manage inventory, and preserve liquidity.” A furlough of approximately 70% of Lands’ End’s corporate employees and nearly 100% of its retail employees began on March 28, 2020. While some of these personnel executing critical tasks will return to work on April 14, 2020, for many, the furlough will remain in effect through at least May 1, 2020, in line with the federal government’s and with the State of Wisconsin’s current timeline for the continuation of social distancing. Lands’ End currently plans to fund health insurance premiums for employees while they are furloughed, through May 1, 2020. In addition, the Company’s 26 U.S. stores, which closed on March 16, will remain closed until further notice, and in line with local guidance in the markets Lands’ End serves. The Company’s website, www.landsend.com remains open 24/7 and the customer service team will be available via phone or text at 800.963.4816 or via email at [email protected] to provide service and to answer any questions customers may have. In addition, the Company’s Wisconsin-based distribution centers remain operational, and employees in this area are receiving a temporary increase in pay for all hours worked. In the interest of the safety of employees, the Company has made modifications to days of operation, and is maintaining six feet of space between employees. Lands’ End continues to follow guidance from public health officials and government agencies, including the Centers for Disease Control and Prevention (CDC) and the World Health Organization (WHO), and is regularly performing deep cleaning and disinfecting processes. Other cost reduction actions include: Temporarily reducing base sal...