Why Lands' End Stock Tumbled on Thursday

Why Lands' End Stock Tumbled on Thursday

Shares of Lands' End (NASDAQ: LE) were down 26% as of 10:53 a.m. ET on Thursday after delivering disappointing earnings results for the fiscal third quarter. Uncertainty over consumer spending has been a headache for retailers all year. Year to date, Lands' End stock has fallen 56%, and the situation may get worse before it gets better.