Articles by Prachi Singh
Express Q4 comparable sales decline by 13 percent
24 Mar 2023 - Business
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
24 Mar 2023 - Business
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...
Macy’s appoints Paramount Global CFO Naveen Chopra to its board of directors
24 Mar 2023 - Business
Macy’s, Inc. has announced the appointment of Naveen Chopra, executive vice president and chief financial officer of Paramount Global, to its board of directors, effective April 1, 2023. Chopra, the company said in a release, is an established financial and operational leader who has served as chief financial officer for several high-growth,...
Giglio.com posts increase in 2022 revenue and GMV
23 Mar 2023 - Business
For the year 2022, online fashion marketplace Giglio.com’s gross merchandise value reached 57.5 million euros, an increase of 38 percent compared to 2021, while revenues from sales and services were 51.1 million euros, up by 35 percent. The company’s active customers exceeded 125,000, up 22 percent compared to 2021 and average spending per...
Lara Marogna joins Marcolin as style & product development director
23 Mar 2023 - Business
Marcolin has announced the appointment of Lara Marogna as group style & product development director, effective immediately. Starting today, the company said in a release, Lara Marogna will oversee the management and development of the Marcolin Group's eyewear collections. She will report to the company’s CEO & general manager Fabrizio Curci and...
Shoe Carnival posts 7.2 percent drop in Q4 sales
22 Mar 2023 - Business
Shoe Carnival's fourth quarter 2022 net sales of 290.8 million dollars decreased 22.6 million dollars or 7.2 percent, compared to the fourth quarter of 2021. In January 2023, the first comparable month without government stimulus, net sales increased low single digits versus January 2022. However, fourth quarter net sales increased 50.9 million...
Fashionette to discontinue beauty division to save costs
22 Mar 2023 - Business
Fashionette AG has decided to discontinue the beauty division as part of the efficiency and cost reduction program, against the background of the low sales volume and the negative contribution to earnings to date. As a result, in the 2023 financial year, the company said in a statement, it will be included in the reporting under the item...
Douglas aims to achieve 5 billion euros in sales by 2026
22 Mar 2023 - Business
As a part of its new strategy ‘Let it Bloom – Douglas 2026’, European beauty platform Douglas, has chalked out a four-year growth plan for all of its business activities. By 2026, the company plans to increase the group’s net sales to 5 billion euros and its EBITDA accordingly. To enhance its customer journey, Douglas plans to further develop...
On's FY22 sales accelerate, cross one billion Swiss francs
22 Mar 2023 - Business
On Holding AG’s fiscal 2022 net sales increased 68.7 percent to 1,222.1 million Swiss francs with net sales through the DTC sales channel increasing by 61.4 percent to 445.1 million Swiss francs and net sales through the wholesale sales channel increasing by 73.1 percent to 777 million Swiss francs. For the fourth quarter, the company’s net...
Nike sales increase by 14 percent in Q3
22 Mar 2023 - Business
For the third quarter, revenues for Nike, Inc. increased 14 percent to 12.4 billion dollars compared to the prior year and were up 19 percent on a currency-neutral basis. Revenues for the Nike brand were 11.8 billion dollars, up 14 percent on a reported basis and up 19 percent on a currency-neutral basis, with double-digit growth in North...