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Management

Frasers Group secures fresh funding to support expansion

Frasers Group has refinanced 930 million pounds in bank facilities as part of its ongoing elevation strategy. Jointly led by HSBC UK and backed by several other lenders, the deal refinances 913.5 million pounds of existing loan facilities and adds 16.5 million pounds in fresh funding. It is the largest bank funding package to be secured in the...

Management

Tilly’s Q3 net income accelerates, sales increase 46.9 percent

For the third quarter, Tilly’s, Inc. total net sales were 206.1 million dollars, an increase of 65.8 million dollars or 46.9 percent. Net income improved to 20.8 million dollars or 66 cents per diluted share compared to 2.1 million dollars or 7 cents per diluted share, last year. “Fiscal 2021 continues to be a record-setting year for us so far,...

Management

Lands' End Q3 revenues up 4.4 percent

Lands’ End, Inc.,for the third quarter, reported net revenue of 375.8 million dollars, an increase of 4.4 percent from 360 million dollars in the third quarter of fiscal 2020 and an increase of 10.5 percent from 340 million dollars in the third quarter of fiscal 2019. Commenting on the third quarter trading, Jerome Griffith, chief executive...

Management

Express posts Q3 comparable sales increase of 46 percent

For the third quarter, Express, Inc. said, consolidated net sales increased 47 percent to 472 million dollars, with consolidated comparable sales up 46 percent. The company said, compared to 2019, consolidated comparable sales increased by 3 percent. The company’s comparable retail sales, which includes both Express stores and ecommerce,...

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The RealReal reports strong November GMV growth

Luxury resale platform The RealReal saw a jump in gross merchandise value (GMV) last month. The San Francisco-based company's GMV in November came in at approximately 146 million dollars, up 51 percent compared to the same month last year and up 46 percent compared to two years ago, prior to the pandemic. During the four-day period between Black...

Report

Geox to focus on digital, forecasts annual revenue of 800,000 euros by 2024

Geox, the Italian shoe company best known for its breathable and waterproof shoes, has forecast sales to reach 800 million euros by 2024. The company has put in place an aggressive growth strategy to increase sales 11 percent per year. The company’s chief executive Livio Libralesso said the customer will be central to its operations with a focus...