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Management

Ulta Beauty posts 2.5 percent increase in Q4 comparable sales

Fourth quarter net sales at Ulta Beauty increased 10.2 percent to 3.6 billion dollars due to increased comparable sales, new store performance, strong growth in other revenue, and the benefit of an extra week of sales in fiscal 2023. Comparable sales increased 2.5 percent, driven by a 4.5 percent increase in transactions and a 1.9 percent...

Management

Safilo 2023 profit plunges 76 percent

Safilo Group closed the year 2023 with net sales of 1,024.7 million euros, down 2.3 percent at constant exchange and 4.8 percent at current exchange rates. Its full-year adjusted net profit declined by 76 percent to 14 million euros, while its adjusted core profit stood at 92 million euros, down 9.1 percent year on year. In the year, the company...

Management

Tilly’s reports difficult Q4, comparable sales decrease 8.8 percent

Tilly’s net sales were 173 million dollars in the fourth quarter, a decrease of 7.3 million dollars or 4.1 percent, while comparable net sales, including both physical stores and e-commerce decreased by 8.8 percent. Full year net sales were 623.1 million dollars, a decrease of 49.2 million dollars or 7.3 percent, while comparable net sales,...

Management

G-III Apparel posts Q4 revenue decline of 10.5 percent

Fourth quarter net sales at G-III Apparel Group decreased 10.5 percent to 764.8 million dollars. Net income for the quarter was 28.9 million dollars or 61 cents per diluted share, while non-GAAP net income per diluted share increased to 76 cents. Commenting on the results, Morris Goldfarb, G-III’s chairman and CEO, said: “We delivered strong...

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