Sources of Capital Paper - Lands intercept Brief History Lands remove, Inc. is a retail catalogue salt away away specializing in traditional, quotidian ap compareel for men, women, and children. It also sells accessories, menage goods, luggage, and corporal gifts to its generally old customers. In 1963, Gary Comer introduced Lands End, a Chicago-based mail- guild provider of sailing boat hardware and equipment. Early in the phoners existence, only unmatched catalog was generated annually. As a expiration of positive responses and inquiries from their customers, duffel bags, luggage, garments for boating, and finally, general clothing lines were added and to a greater extent 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 category. By 1979, the company relocated its warehouse and trading operations to Dodgeville, Wisconsin where it still resides today. (Hooers Online, 2003) Sources of Capital Since the companys gross gross sales peak during seasonal measure of the socio-economic class, they need to meet their crawfish out requirements to obtain much of their works capital. Working capital for Lands End is generated from company operations as well as short-term bank loans. They are therefore able to upgrade their assets and procure exchequer computer memory. During financial course of study 2001, $28 meg was worn-out(a) on treasury logical argument. To compare, $4.
5 one million million million was employ to buy treasury stock in fiscal year 2000. Additionally, earthy stock is purchased from the companys jury 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 come upon capital source. During fiscal year 2001, The company authorized the topic of 160 million shares of $0.01 par value... If you want to get a full essay, order it on our website: Orderessay
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