Articles by Prachi Singh
Torrid posts Q1 sales decline of 11.8 percent
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Torrid’s first quarter net sales decreased 11.8 percent to 293.9 million dollars and comparable sales decreased 14 percent. Gross profit margin was 37.7 percent compared to 39 percent in the first quarter of last year, a decline of 134 bps. The company’s net income decreased to 11.8 million dollars or 11 cents per share. Adjusted EBITDA was 38.3...
Designer Brands Q1 comparable sales down 10.4 percent
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Designer Brands has reported a 10.7 percent decrease in net sales to 742.1 million dollars in the first quarter, while comparable sales decreased by 10.4 percent. The company said gross profit fell to 237.7 million dollars from 275.7 million dollars and gross margin was 32 percent compared to 33.2 percent for the same period last year. Reported...
Oxford Industries posts upbeat Q1 results
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Oxford Industries reported net sales in the first quarter increased 19 percent to 420 million dollars. The company having Tommy Bahama, Lilly Pulitzer and Johnny Was under its portfolio, said EPS on a GAAP basis increased to 3.64 dollars compared to 3.45 dollars in the first quarter of fiscal 2022. On an adjusted basis, EPS increased to 3.78...
Vera Bradley's Q1 loss narrows but revenues drop
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Consolidated first quarter net revenues at Vera Bradley totaled 94.4 million dollars compared to 98.5 million dollars in the prior year. The company’s consolidated net loss was 4.7 million dollars or 15 cents loss per diluted share compared to net loss of 7 million dollars or 21 cents per diluted share in the previous year. Pura Vida segment...
Andrea Limbardi to assume CEO role at Reitmans in September
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Women's apparel retailer Reitmans (Canada) Limited has announced the appointment of Andrea Limbardi as president and chief executive officer, effective September 5, 2023. The company said in a statement that Stephen Reitman, current president and chief executive officer, will assume the position of executive chairman of the board, while Daniel...
Rue21 appoints Karlyn Mattson as chief customer officer
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Fast fashion retailer Rue21 has appointed Karlyn Mattson as the new executive vice president, chief customer officer. Stepping into her new role, the company said, Mattson will leverage her extensive industry knowledge to advance Rue21's customer-first focus and deepen relationships with its diverse community. The company added that with over 25...
J.Jill Q1 sales decline by 4.9 percent
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J.Jill, Inc. reported a drop in its first quarter net sales of 4.9 percent to 149.4 million dollars. The company said, comparable sales, which includes comparable store and direct to consumer sales, decreased by 2.7 percent. For the second quarter, the company expects revenues to be down mid-single digits and for adjusted EBITDA to be in the...
Zara-owner Inditex reports sales and profit growth
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Inditex sales grew 13 percent in the first quarter to 7.6 billion euros, showing positive development both in stores and online. Sales in constant currency grew 15 percent. The company said in its Q1 interim results that sales were positive in all geographical areas and in all concepts. In the first quarter, Inditex opened stores in 17 markets...
Stitch Fix posts Q3 revenue drop of 20 percent
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For the third quarter, Stitch Fix, Inc. net revenue of 394.9 million dollars, decreased 20 percent year over year. The company’s active clients of 3,476,000, a decrease of 431,000 or 11 percent, while net revenue per active client (RPAC) of 502 dollars, decreased 9 percent. The company reported net loss of 21.8 million dollars, diluted loss per...
N Brown: Revenue and profit decline amid challenging market conditions
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N Brown Group revenue for the year to March 4 2023 fell 5.3 percent to 677.5 million pounds, reflecting challenging online market conditions. The company said that product revenue declined 6.9 percent, with strategic brands down 5.3 percent. Lower retail sales, net of higher customer credit penetration, led to lower FS revenue, down 2.4 percent....