Sources of Capital - Lands' End - Paper covers sources of capital for the company Lands' End. 582 words also includes brief history of the company and link to the annual report.

Sources of Capital Paper - Lands intercept

Brief History

Lands End, Inc. is a retail catalog hive away specializing in traditional, casual apparel for men, women, and children. It also sells accessories, home goods, luggage, and corporal gifts to its generally middle-aged customers. In 1963, Gary Comer introduced Lands End, a Chicago-based mail- guild provider of sailboat hardware and equipment. Early in the companys existence, only unmatched catalog was generated annually. As a result of positive responses and inquiries from their customers, duffel bags, luggage, clothing for boating, and finally, general clothing lines were added and more catalogs were produced.

Comer began to focus primarily on clothing and soft luggage in 1976, and outside sailboat hardware from the catalogs entirely by the following year. By 1979, the company relocated its warehouse and operations to Dodgeville, Wisconsin where it still resides today. (Hoovers Online, 2003)

Sources of Capital

Since the companys gross sales peak during seasonal times of the year, they need to meet their take requirements to obtain much of their working capital. Working capital for Lands End is generated from company operations as well as short-term bank loans. They are then able to upgrade their assets and buy exchequer stock. During financial year 2001, $28 million was worn-out(a) on treasury stock. To compare, $4.



5 million was used to buy treasury stock in fiscal year 2000. Additionally, earthy stock is purchased from the companys board of directors. Since fiscal year 1990, over 14.7 million shares of common stock have been purchased. In fiscal year 2001, slightly 12.7 million shares were bought and about 2 million shares were authorized for purchase by the company. (Lands End, 2001)

Common stock for their shareholders is another key capital source. During fiscal year 2001, The company authorized the issuance of 160 million shares of $0.01 par value...

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