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- Related Party (new) — New related-party transactions note discloses $3.5M legal fees paid on behalf of majority shareholder Edward S. Lampert in connection with the WHP Transaction.
revenue $268.9M, net income $3.5M. Lands' End closes WHP JV, books gain, repays term loan; core retail still pressured
Filed September 3, 2026 · Period ending July 31, 2026 · Compared to 10-Q Sep 9, 2025 · ~1 min read
Key Changes
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high
Closed WHP Global JV: contributed Lands' End IP for $300M cash and 50% stake
MD&A: WHP Transaction verify on EDGAR → -
high
Repaid term loan in full; no long-term debt outstanding as of July 31, 2026. Interest expense fell $8.3M in Q2.
MD&A: Term Loan Repayment verify on EDGAR → -
high
New $50M/year guaranteed minimum royalty to JV through 2036; Q2 royalty expense $15.4M.
MD&A: Guaranteed Minimum Royalty verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 4, 2026 · How we verify