Sources of seat of g everyplacenment Paper - Lands intercept Brief History Lands End, Inc. is a retail catalogue hive away specializing in traditional, mundane 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 sailing boat 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, turn for boating, and finally, general clothing lines were added and more catalogs were produced. Comer began to focus earlier on clothing and soft luggage in 1976, and immaterial sailboat hardware from the catalogs entirely by the following form. By 1979, the company relocated its warehouse and operations to Dodgeville, Wisconsin where it still resides today. (Hoovers Online, 20 03) Sources of Capital Since the companys gross sales peak during seasonal times of the year, they neediness to meet their take requirements to obtain much of their working capital. operative capital for Lands End is generated from company operations as hygienic as short-term bank loans. They are then qualified to upgrade their assets and buy exchequer stock. During financial year 2001, $28 trillion was worn-out(a) on treasury stock. To compare, $4.
5 million was employ 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 o! f common stock have been purchased. In fiscal year 2001, slightly 12.7 million shares were bought and about 2 million shares were sure for purchase by the company. (Lands End, 2001) Common stock for their shareholders is other key capital source. During fiscal year 2001, The company authorized the issuance of 160 million shares of $0.01 par value... If you want to conduct a full essay, order it on our website: OrderCustomPaper.com
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