Lands' End winding down Japan business

Lands' End Inc. is in the process of closing its Japan operation by the end of the fiscal year. Lands' End (Nasdaq: LE) notified employees there of the pending closure in August and began its wind-down. Liquidation sales began in September. He said the merchant would move its investment from Japan to other parts of the business that are expected to offer a higher rate of return. In addition, the business has a 56,000-square-foot distribution center in Fujieda. Its U.S. e-commerce revenue was similar to one year ago - down 1.3%. From the international perspective, the merchant said revenue also was affected by 'foreign currency translation exposure,' a metric that relates to changes in exchange rates.