Lands’ End Inc., Dodgeville, WI, reports that net sales for its second quarter ended July 30, 1999, totaled $254.6 million, up 6.4% from sales of $239.2 million in the same quarter last year.
This quarter has produced the strongest second quarter profit result for Lands’ End since 1988, said the company in a statement. Net income for the quarter just ended was $4.5 million, compared with a loss of $61 thousand in the second quarter last year.
For the first six months of the current year, net sales were $544.2 million, an increase of 7.2% from net sales of $507.8 million during the first half of last year. Net income in the first half of fiscal 2000 was up 113% to $11 million, compared with $5.1 million in the first six months of the prior year.
Most of the sales growth during the quarter just ended came from the company’s specialty business segment, represented by the Kids and Coming Home catalogs and from the international business segment. Sales from the core business segment were relatively flat. In particular, sales from the core monthly catalogs were lower, due to a reduction in the number of pages circulated, but productivity, or sales per page, increased.
Sales on the company’s Internet site (http://www.landsend.com) were about two and a half times those in the same quarter last year. In the most recent fiscal year, Internet sales were $61 million, about 4.5 percent of total net sales.
