- Prachi Singh |
Carter’s, Inc. fourth quarter consolidated net sales decreased 110.6 million dollars or 10.1 percent to 989.9 million dollars, while full year consolidated net sales decreased 495 million dollars or 14.1 percent to 3 billion dollars. The company said, sales declined in all segments principally due to […]
- AFP |
A subsidiary of French luxury group LVMH and its billionaire owner Bernard Arnault have purchased a majority stake in Birkenstock, the German maker of the iconic and eponymous sandals said Friday. No details were given about the price paid by LVMH subsidiary L Catterton and Arnault's family holding […]
- Huw Hughes |
German online luxury retailer Mytheresa saw its profits more than double in the second quarter compared to the same period last year. In the three months to December 31, net income increased 149 percent to 15.7 million euros, compared to 6.3 million euros a year earlier. The e-tailer’s net sales increased […]
- Prachi Singh |
For the fourth quarter revenue at Steve Madden decreased 15.9 percent to 353 million dollars. Gross margin for the quarter was 38.3 percent compared to 37.7 percent in the same period of 2019, while adjusted gross margin increased 40 basis points to 38.2 percent compared to 37.8 percent in the same […]
- Prachi Singh |
For the fourth quarter, Wolverine World Wide, Inc. said reported revenue was 509.6 million dollars, down 16.1 percent versus the prior year, while on a constant currency basis, revenue was down 16.4 percent versus the prior year. The company’s owned ecommerce reported revenue grew 31.7 percent versus […]
- Huw Hughes |
Sustainable footwear and apparel brand Allbirds has added a new 100 percent natural plant-based leather alternative to its line-up of open-source eco-materials. The San Francisco-based company said Thursday it has invested 2 million dollars in material innovation firm Natural Fiber Welding and its Mirum […]
- Huw Hughes |
US fashion e-tailer Revolve has reported a 126 percent increase in net income for the fourth quarter of the year. The company, which targets Millennial and Gen Z consumers, said net income reached 19 million dollars in the three months to December 31, compared to 8.4 million dollars a year earlier. […]
- Huw Hughes |
Primark has taken a 1.1 billion pound sales hit related to lockdowns for the first half of the year, the fast-fashion retailer’s parent company Associated British Foods (AB Foods) announced Thursday. AB Foods said Primark’s performance in the 24 weeks to February 27 was “materially impacted” by lockdown […]
- Prachi Singh |
L Brands, Inc. reported earnings per share of 3.03 dollars for the fourth quarter compared to a loss per share of 70 cents for the same quarter last year. The company said, operating income for the quarter was 1.273 billion dollars compared to 81.7 million dollars last year, and net income was 860.3 […]
- Prachi Singh |
The TJX Companies, Inc. net sales for the fourth quarter were 10.9 billion dollars compared to 12.2 billion dollars in the fourth quarter last year, with overall open-only comp store sales down 3 percent versus last year. Net income for the fourth quarter was 326 million dollars and diluted earnings […]