Articles by Prachi Singh
Showroomprivé: H1 sales decline 4 percent
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Showroomprivé recorded a GMV of 499 million euros, up 0.1 percent for the first six month period and a 4 percent decline in sales to 318.1 million euros, impacted by lower volumes in its historic business lines in France. The company witnessed 50 percent growth at The Bradery, 62.8 percent increase in marketplace GMV, 11.7 percent in travel &...
Deckers Brands Q1 net sales up 22.1 percent
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Deckers Brands net sales increased 22.1 percent to 825.3 million dollars for the first quarter, while on a constant currency basis, net sales increased 23 percent. Gross margin for the quarter was 56.9 percent, operating income rose to 132.8 million dollars and diluted earnings per share increased to 4.52 dollars. For the fiscal year 2025, the...
Hermès Q2 sales increase 13 percent amid luxury slowdown
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Consolidated revenue in the first half of 2024 at Hermès amounted to 7.5 billion euros, up 15 percent at constant exchange and 12 percent at current exchange rates. In the second quarter, group sales reached 3.7 billion euros, up 13 percent at constant exchange rates. Recurring operating income was 3.1 billion euros and net profit reached 2.4...
Skechers reports strong Q2 results, sales increase by 7.2 percent
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Second quarter sales at Skechers increased 7.2 percent to 2.16 billion dollars as a result of a 6.9 percent increase internationally and a 7.7 percent increase domestically. On a constant currency basis, sales increased 8.7 percent. For the third quarter of 2024, the company expects to achieve sales between 2.30 and 2.35 billion dollars and...
Columbia Sportswear posts Q2 loss, net sales decline
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Net sales at Columbia Sportswear decreased 8 percent or 7 percent constant-currency to 570.2 million dollars reflecting lower wholesale net sales in the US due to retailer cautiousness, a difficult competitive environment, and generally soft consumer demand. The company said second quarter gross margin contracted 270 basis points to 47.9...
Stockmann-owner Lindex Group's Q2 revenues decline
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Fashion retailer Lindex Group, having two divisions - Lindex and Stockmann under its fold, reported second quarter revenue of 251.6 million euros, a slight decrease of 0.2 percent or 1 percent in local currencies. For the first half period, revenue was 444.4 million euros, down by 1.3 percent and 2 percent in local currencies. Commenting on the...
Crew Clothing increases full year turnover and profit
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Crew Clothing’s turnover for the 52 weeks increased by 13 percent to 114.9 million pounds, with ecommerce up 18 percent; stores up 5 percent; and third party & wholesale increase of 28 percent. For the 53 weeks, turnover reached 117.2 million pounds. In a filing with the Companies House, the company said, adjusted EBITDA increased to 17.1...
Footwear label Kizik appoints Elizabeth Drori as chief marketing officer
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Footwear brand Kizik has announced the appointment of Elizabeth Drori as chief marketing officer. Drori will serve on the Kizik executive leadership team, reporting to CEO Monte Deere. The company said in a release that Drori joins Kizik from Sperry, where she served as global chief marketing officer and general manager of the Sperry e-commerce...
Calida Group posts H1 loss, sales decline 8.8 percent
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Calida Group’s currency-adjusted sales declined 8.8 percent to 111.3 million Swiss francs in the first six month period. Adjusted operating profit from continuing operations was 0.5 million Swiss francs, while adjusted net loss was 0.5 million Swiss francs. “Optimization of our group structure and personnel is progressing as planned. The recent...
Gucci-owner Kering forecasts 30 percent drop in H2 operating income
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Kering’s group revenue of 9.1 billion euros for the first half period, down 11 percent as reported and on a comparable basis. In the second quarter, revenue totaled 4.5 billion euros, also down 11 percent as reported and on a comparable basis. Recurring operating income fell 42 percent to 1.6 billion euros and net income attributable to the...