Boohoo issues profit warning as H1 sales slump, product returns increase
Boohoo has issued a profit and sales warning after a 10 percent fall in first-half revenues driven by the cost-of-living crisis.
Pittards sees ‘strong’ order book after H1 sales rise 7%
Pittards, the British leather and leather goods company, posted revenues in the first half ended June 30 of £10.4 million (€11.7m), up by 7 percent on the year earlier, as its sales order book remained “strong” across market sectors.
Hotter Shoes lifts sales but notes pressure on consumer spending
Hotter Shoes’ owner, Unbound Group, reported higher half-year sales and margins driven by strong demand, despite the tougher economic outlook.
Nice Footwear’s sales and profits rise sharply
Nice Footwear posted strong top line and bottom line growth in the full year ended on April 30, 2022, despite a rise in costs.
Inditex books strong H1 sales
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, posted sales of €14.8 billion in the first half ended July 31, up by 24.5 percent from a year ago and 25 percent higher at constant currencies despite the current inflationary environment and closure ...
Stuart Weitzman expects to outperform the market
Stuart Weitzman, the premium footwear brand of the U.S. fashion group Tapestry, expects to overperform the market in the coming years. It forecasts to increase revenues from $317.7 million in the full year ended on July 2 to $450 million in fiscal 2025, representing a compound average growth rate (CAGR) ...
Asos cuts FY guidance on weak August sales
Asos has cut its guidance for the full year ended on Aug. 31 as sales slowed down in August. However, it noted that sales, adjusted pre-tax profit and net debt are anticipated to be within the range of financial analysts’ expectations.
Primark’s earnings are being squeezed by inflation
In the 2022/2023 fiscal year, Primark’s operating margin will be squeezed by rising inflation which is pushing up its costs and eroding the disposable income of it clients, said Associated British Foods (ABF), the parent company of the clothing retailer. The profit warning was released with the group’s preliminary results ...
Tod’s’ sales return to pre-Covid levels
With a 17 percent increase in first-half sales to €467.5 million, Tod’s is back to pre-pandemic levels and beat market expectations by nearly €4 million. At constant currency rates, the top line grew by 14.3 percent.
Ferragamo beats expectations despite slowdown in China
Salvatore Ferragamo beat expectations in the first half of 2022 with a 17 percent surge in revenues, at constant exchange rates, to €630.3 million, versus analysts’ estimates of €621 million, according to a consensus compiled by Reuters. The operating profit totaled €95.4 million in the six months ended June 30, ...