ADDED
As of March 23, 2026, the registrant had 30,751,337 s hares of common stock, $0.01 par value, outstanding.
Europe eCommerce offers products primarily direct to consumers located in Europe through eCommerce international websites as well as third-party marketplace websites.
eCommerce $ 829,812 62.1% $ 842,751 61.8% $ 930,314 63.2% Outfitters 241,800 18.1% 228,161 16.7% 269,943 18.3% Third Party 91,157 6.8% 83,530 6.1% 92,921 6.3% Total U.S.
Digital Segment revenue 1,162,769 1,154,442 1,293,178 Europe eCommerce 90,188 6.8% 103,079 7.6% 112,855 7.7% Licensing and Retail 82,189 6.2% 105,414 7.8% 66,475 4.5% Total Net revenue $ 1,335,146 $ 1,362,935 $ 1,472,508 In Fiscal 2025, we fulfilled orders to customers in approximately 130 countries outside the United States, totaling approximately 8% of Net revenue.
Additionally, over the past several years, we have executed on a licensing strategy, designed to grow the reach of our brand beyond the categories and channels that are our historical and core competencies.
On January 26, 2026, we announced an agreement to form a new joint venture ( JV ) with WHP Global that will be owned 50/50 by Lands End and WHP Global.
The JV will hold the intellectual property and related assets associated with the Lands End brand, including all of the license agreements entered into in connection with Lands End s licensing business, and upon closing, expected in the first quarter of 2026, WHP Global will lead the JV and pursue a licensing strategy and brand expansion.
WHP Global s licensing platform is expected to accelerate category expansion, improve partner selection and enhance long-term royalty generation for our brand.
Lands End will retain full operational control of our existing B2C and B2B businesses, including product and assortment decisions, and operate our business pursuant to the terms of a license agreement with the JV, which will require us to pay guaranteed minimum royalties to the JV.
We will also continue to provide fulfillment services for certain licensees.
REMOVED
As of March 24, 2025, the registrant had 30,881,427 shares of common stock, $0.01 par value, outstanding.
Following internal organizational changes and realignment of distribution channel responsibilities in Fourth Quarter 2024, the Company s operating segments consisted of: U.S.
Beginning Fourth Quarter 2024, the Wholesale business is included in Licensing and prior periods were recast to reflect the change in operating segments for comparability purposes.
Europe eCommerce offers products primarily to consumers located in Europe and through eCommerce international websites and third-party affiliates.
eCommerce $ 842,751 61.8% $ 930,314 63.2% $ 955,752 61.4% Outfitters 228,161 16.7% 269,943 18.3% 265,898 17.1% Third Party 83,530 6.1% 92,921 6.3% 87,160 5.7% Total U.S.
Digital Segment revenue 1,154,442 1,293,178 1,308,810 Europe eCommerce 103,079 7.6% 112,855 7.7% 166,627 10.7% Licensing and Retail 105,414 7.8% 66,475 4.5% 79,992 5.1% Total Net revenue $ 1,362,935 $ 1,472,508 $ 1,555,429 In Fiscal 2024, we fulfilled orders to customers in approximately 130 countries outside the United States, totaling approximately 9% of Net revenue.
Net revenue by the geographical location where the product is shipped is as follows: (in thousands) Fiscal 2024 % of Net Revenue Fiscal 2023 % of Net Revenue Fiscal 2022 % of Net Revenue United States $ 1,245,240 91.4% $ 1,342,366 91.2% $ 1,368,518 88.0% Europe 105,000 7.7% 114,778 7.8% 135,878 8.7% Other (1) 12,695 0.9% 15,364 1.0% 51,033 3.3% Total Net revenue $ 1,362,935 $ 1,472,508 $ 1,555,429 (1) Fiscal 2022 includes Net revenue of $32.7 million from the Japan eCommerce distribution channel.
Long-lived assets by geographical location, which includes Property and equipment, net, are as follows: (in thousands) Fiscal 2024 Fiscal 2023 United States $ 109,609 $ 111,254 Europe 5,923 6,588 Asia 86 191 Total long-lived assets $ 115,618 $ 118,033 Strategy We continue to leverage our iconic American brand, which was founded on the principles of delivering great quality, uncompromising service and exceptional value to our customers.
Additionally, we are executing a licensing strategy, designed to grow the reach of our brand beyond the categories and channels that are our historical and core competencies.
In exchange for royalty payments on net sales, licensees are granted the right to manufacture, market and sell product to consumers utilizing the Company s channels and third-party channels.