Articles by Prachi Singh
Next posts sales and profit growth
Mar 29, 2023 - Management
Full price sales at Next plc were up 6.9 percent versus 2021/22 and up 20.5 percent versus 2019/20. The company said in a release that total trading sales including markdown sales were up 8.4 percent versus 2021/22 and up 20.6 percent versus 2019/20. Next pre-tax profit was 870 million pounds, up 5.7 percent versus 2021/22 and up 16.3 percent...
TJX Companies increases quarterly dividend by 13 percent
Mar 29, 2023 - Report
The TJX Companies, Inc. has raised the amount of its quarterly dividend by 13 percent from the last dividend paid. The company’s board declared a regular quarterly dividend in the amount of 0.3325 cents per share, payable June 1, 2023, to shareholders of record on May 11, 2023. Commenting on the dividend increase, Ernie Herrman, chief executive...
Lululemon's Q4 sales jump, aims to double revenues by 2026
Mar 29, 2023 - Management
Lululemon Athletica Inc. reported fourth quarter net revenue increased 30 percent to 2.8 billion dollars or increased 33 percent on a constant dollar basis. For fiscal 2022, the company’s net revenue increased 30 percent to 8.1 billion dollars or increased 32 percent on a constant dollar basis. The company said in a statement that its Power of...
Marcolin reports sales increase of 20.1 percent in 2022
Mar 28, 2023 - Report
For the year to December 31, 2022, Marcolin's net sales amounted to 547.4 million euros, up 20.1 percent compared to the previous year at current exchange and up 13.2 percent at constant exchange rates. "2022 results provide a drive for the company's divisions to elevate our expectations even higher: the year ahead of us is just as challenging,...
Mister Spex FY22 revenues increase by 8 percent
Mar 28, 2023 - Report
For the full year, revenues at Mister Spex SE increased by 8 percent to 210 million euros compared to the previous year and within the guidance range of 7 percent to 12 percent growth. The company said in a release that the growth was driven by strong growth across all categories, with particularly strong development in sunglasses and...
Tommy Hilfiger and Calvin Klein drive revenue growth at PVH
Mar 28, 2023 - Management
Fourth quarter revenue at PVH Corp. increased 2 percent or 8 percent on a constant currency basis to 2.489 billion dollars. Tommy Hilfiger revenue increased 3 percent or 10 percent on a constant currency basis, Calvin Klein revenue increased 3 percent or 8 percent on a constant currency basis and Heritage Brands revenue decreased 10 percent...
Matalan names Karl-Heinz Holland as chairman and Jo Whitfield as CEO
Mar 28, 2023 - Management
Fashion and homeware retailer Matalan has appointed Karl-Heinz Holland as the company’s new chair, Jo Whitfield CBE, former CEO of Co-op Food, as the new CEO. The company said in a release that Nigel Oddy, interim CEO of Matalan, has concluded his six-month role and Paul Copley will step down from his interim chair role and will remain on the...
Calida Group to appoint Felix Sulzberger as chairman, CEO Timo Schmidt-Eisenhart steps down
Mar 27, 2023 - Management
At the upcoming annual general meeting on April 19, 2023, Calida Holding AG will propose Felix Sulzberger, Allan Kellenberger, Thomas Stöcklin and Eric Sibbern for election to the board of directors. The company said in a release that also proposed for shareholder approval will be the re-election of current independent board members Laurence...
Express Q4 comparable sales decline by 13 percent
Mar 24, 2023 - Management
Fashion apparel retailer Express, Inc. reported a net sales decrease of 14 percent to 514.3 million dollars in the fourth quarter of 2021, with consolidated comparable sales down 13 percent. Full year consolidated net sales decreased to 1,864 million dollars from 1,870 million dollars in 2021, with consolidated comparable sales flat. "We...
Oxford Industries reports strong growth in sales and earnings
Mar 24, 2023 - Management
Oxford Industries, Inc. net sales for the full fiscal 2022 year increased 24 percent to 1.41 billion dollars, while earnings per share (EPS) on a GAAP basis increased 31 percent to 10.19 dollars and adjusted EPS increased 36 percent to 10.88 dollars compared to fiscal 2021. The company’s net sales in the fourth quarter increased 28 percent to...