Lands' End Inc. (NASDAQ: LE) announced its board of directors authorized a share repurchase program allowing the company to buy back up to $100 million of its common stock over three years, from April 1, 2026 through March 31, 2029.

The Dodgeville, Wisconsin-based retailer may purchase shares in the open market, through privately negotiated transactions, or by other means in accordance with federal securities laws. The company said purchases will be funded through existing cash, cash from operations, distributions from a joint venture, borrowings under its credit facility, or a combination of these sources.

"This share repurchase authorization demonstrates the Board and management team's strong belief in our strategy and the path ahead to deliver compelling shareholder value," said Bernard McCracken, chief financial officer. McCracken noted the company used proceeds from a transaction with WHP Global to repay term loan debt, reducing interest expense and improving its balance sheet.

Under its previous share repurchase program, which expired March 31, 2026, Lands' End bought back 1.26 million shares for $16.0 million beginning in April 2024. The prior program was limited by term loan provisions that no longer apply.

The timing and amount of purchases will depend on factors including share price, availability, trading volume and market conditions. The company may use a Rule 10b5-1 plan for repurchases and can suspend or discontinue the program at any time.

Lands' End operates as a digital retailer selling apparel, swimwear, outerwear, accessories, footwear, home products and uniforms through its website, company-operated stores, and third-party channels.