Articles by Huw Hughes
Burlington Stores misses Q1 expectations despite doubling profit
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US retailer Burlington Stores missed its own expectations in the first quarter of the year despite doubling net profit and reporting an 11 percent increase in sales. Net sales at the off-price chain increased to 2.13 billion dollars in the three months to April 29 - but the company had expected growth of between 12 percent and 14 percent. On a...
Deckers Brands Q4 profits widen, Hoka drives sales growth
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Deckers Brands has reported a 7.5 percent increase in sales in the fourth quarter driven by a continued strong performance by Hoka. The company, which also owns footwear brand Ugg, made net sales 791.6 million dollars in the three months to March 31, up from 736 million dollars a year earlier. On a constant currency basis, sales were up 10.2...
Ralph Lauren Q4 ahead of estimates as Asia, Europe shine
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US fashion label Ralph Lauren has beat its own sales expectations for the fourth quarter and full year as its Asia and Europe markets offset a drop in US sales. The New York-based company said sales were up 1 percent in the fourth quarter - or 9 percent on a constant currency basis - as a 3 percent drop in its home North America market was...
Gap narrows Q1 losses despite drop in sales
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US fashion and lifestyle giant Gap reported a 6 percent drop in sales in the first quarter of the year, but its stock price jumped as its losses narrowed. In the three months ended April 29, the retailer made sales of 3.28 billion dollars compared to the 3.48 billion dollars it reported a year earlier amid a backdrop of rising inflation and...
Schuh parent Genesco swings to Q1 loss, cuts guidance
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Nashville-based specialty retailer Genesco has lowered its full-year outlook after swinging to a loss in the first quarter of the year. The company, whose portfolio includes Scottish footwear retailer Schuh, made a net loss of 18.9 million dollars in the three months to April 29 compared to a profit of 4.9 million dollars a year earlier. That...
American Eagle Outfitters lowers FY outlook
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American Eagle Outfitters (AEO) has lowered its full-year guidance after reporting a small increase in revenue and narrowing profits in the first quarter. In the three months to April 29, revenue at the US fashion retailer increased 2 percent to 1.1 billion billion dollars, with store revenue up 5 percent but digital revenue down 4 percent....
Armani Group posts strong Q1 sales growth amid Asia recovery
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Italy’s Armani Group reported strong sales growth in 2022 which has continued into the first quarter of the current year. In the 12 months ended December 31, net revenue increased 16.5 percent to 2.35 billion euros, while EBIT rose 30 percent to 202.5 million euros, and pre-tax net profit was up 16.4 percent to 218 million euros. The group said...
How to navigate low MOQs as a small, sustainable brand
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Small brands entering the fashion industry are often faced with the challenge of high minimum order quantities (MOQs). Suppliers regularly require big batches of fabrics to be ordered at once, which can be difficult and costly for smaller companies with tighter budgets. But there are some tips and tricks on how to operate sustainably while...
Lestrange founders on Europe expansion and why circularity is no silver bullet
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London-based label Lestrange opened its first international store earlier in May on Amsterdam’s bustling Nines Streets - or ‘de Negen Straatjes’. The menswear brand, founded by William Green and Tom Horne, focuses on seasonless wardrobe staples that are smart, versatile, and durable. FashionUnited popped into the new store and spoke to Green and...
16Arlington wins BFC/Vogue Designer Fashion Fund 2023
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The British Fashion Council (BFC) has announced cult London label 16Arlington as the winner of the annual BFC/Vogue Designer Fashion Fund. The brand will now receive 150,000 pounds to support its growth as well as pro-bono business mentoring and professional services. Founded in 2018 by Italian couple and design duo Marco Capaldo and the late...