This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Lands' End Closing Call Center

Sears' (S) Lands' End unit said Tuesday that it would slash more than 375 jobs in an effort to control costs.

The company, which sells clothes through its Internet site as well as over the phone, said it would close its Cross Plains, Wis., call center effective June 5.

"Customer demand for shopping Lands' End through multiple channels has grown, while phone center contact has declined," the Dodgeville, Wis., company said. "To maintain its leadership position, the company is reducing phone center capacity, streamlining overall business operations and restructuring its product development functions."

Lands' End said it would cut 200 full-time, 175 part-time and "a number" of seasonal jobs.

Sears bought Lands' End in late 2002 in an effort to push the giant department store chain's apparel offerings upmarket. Sears said late last year that it would trim back Lands' End products in some of its stores, particularly those serving lower-income consumers.

On Tuesday, Sears fell 29 cents to $50.60.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
S $5.22 0.00%
AAPL $128.95 0.00%
FB $78.99 0.00%
GOOG $537.90 0.00%
TSLA $226.03 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs