THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Retail HR Central 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Sears rolls out Land End

Clothing brand in stores as profits rise July 19 2002 Sears, Roebuck will offer Lands’ End’s clothing in more than 180 of its stores from this… View Article

GENERAL MERCHANDISE NEWS

Sears rolls out Land End

Clothing brand in stores as profits rise
July 19 2002
Sears, Roebuck will offer Lands’ End’s clothing in more than 180 of its stores from this autumn.

Sears acquired the popular women’s, men’s and children’s clothing brand two month ago.
Stores in markets including Chicago, Los Angeles, San Francisco, Boston and New York will be remerchandised so that up to 20 per cent of clothing sales space is devoted to Lands’ End products. Roll out to other Sears stores will continue in 2003.
Sears has reported record second quarter income of $420m, a 36 per cent increase over the same period last year Alan J. Lacy, chairman and chief executive said: “Profits for the quarter showed solid increases across all segments. Margin rate improvements continue to benefit the retail businesses, while credit and Financial Products results were driven by the growth of the Sears Gold MasterCard product and a favourable interest rate environment. First half earnings exceeded our expectations.”
Sears has also announced an increased range of benefits on offer to Sears Card holders. Partnerships with travel, entertainment, dining and retail businesses that do not directly compete with Sears will generate special offers and cross-promotional opportunities. With 40 million holders, Sears Card has the largest retail credit card customer base in the world.

Subscribe For Retail News