Good. Hopefully this great company can rebound with better leadership.

Federica Marchionni faced a daunting task when she was appointed the top executive at Lands’ End by the company’s board almost two years ago. Recruited from the New York fashion house Dolce & Gabbana, Marchionni was tasked with remaking the image of the Dodgeville-based clothing retailer and refocus the company to appeal to younger buyers.

On Monday, it seems, her time ran out when Lands’ End announced that Marchionni was stepping down as CEO effective immediately and that the company was seeking a new leader.