Lands' End CEO steps down

Lands' End CEO Federica Marchionni stepped down, effective today.

In a statement, Marchionni said she and the board of directors "have agreed it is time for others to bring Lands' End into the future."

Joseph Boitano, chief merchandising and design officer, and James Gooch, chief operating and financial officer, will serve as co-interim CEOs as the company conducts a search for its new leader.

Read more from MarketWatch Pulse.