Financial Results – Page 6
-
ArticleHermès plans to hike prices in the US due to tariffs
Hermès plans to increase prices in the US to fully compensate for the 10 percent tariff on most imported introduced by the administration of US President Donald Trump. The price increase will become effective from May 1 on all of Hermès’ product categories, said Eric Halgouët, the Chief Financial Officer ...
-
ArticleC-Suite interview: Rohde expects to continue growing in 2025
After increasing revenues by 4.5 percent in 2024 to €24.2 million, Rohde expects to continue growing this year as it expands its fledgling US and online businesses. “In 2025, we should go up by another 10-11 percent to €27 million in turnover,’ says the Chief Executive Officer, Renato Lo Presti, ...
-
ArticleDeichmann’s 2024 revenues up 2.3%
Deichmann said that it “had a very successful 2024,” posting gross revenues of about €8.7 billion, or a net €7.4 billion, compared with €8.5 billion a year earlier. Currency-adjusted growth was 2.3 percent. “Good sales of higher-priced brand models have driven up the average price of the models sold,” commented ...
-
ArticleEcco had to shore up its balance sheet in 2024 due to unsatisfactory results
Last year, shareholders had to inject €48 million to reinforce the balance sheet of Ecco Sko A/S, the parent company of the Danish footwear, accessories and leather giant, in the wake of unsatisfactory results. The cash call “supported the solidity ratio” of the parent company “despite the unsatisfactory results of ...
-
ArticleNext hikes its sales and earnings guidance
Annual pre-tax profits at Next passed £1 billion (€1.2bn) for the first time as the UK fashion retailer boosted its sales and earnings outlook after a strong start to the current fiscal year, but warned of deteriorating consumer confidence amid higher living costs. Pre-tax profits rose by 10.1 percent to ...
-
ArticleH&M’s sales rise slightly in Q1
H&M Hennes & Mauritz said that in the first quarter ended Feb. 28 net sales rose a reported 3 percent to SEK 55.333 billion (€5.10bn). The top line inceased by 2 perent in local currencies with 3 percent fewer stores compared with the same period last year. In March, H&M ...
-
ArticleC-Suite interview: Valleverde expects stable revenues in 2025 and calls for European import duties
Valleverde is one of Italy’s most famous footwear brands with a presence of more than 40 years in its home market. Known for its comfort shoes and television commercials with the American actor Kevin Costner, Valleverde nevertheless filed for bankruptcy protection at the end of 2013. After six bankruptcy auctions ...
-
ArticleSpartoo’s sales drop but its cash flow improves
In 2024, Spartoo suffered a 7.7 percent decline in gross merchandise value (GMV) to €184.7 million, resulting in an 8.7 percent drop in revenues to €130.5 million. The French omnichannel fashion retailer generated €114.9 million of its GMV in France, down 6.9 percent year-over-year, and €69.8 million abroad, down by ...
-
ArticleDesigner Brands resumes comparable sales growth in Q4, sees more ahead in FY25
Designer Brands expects to see profitable sales growth in the current fiscal year despite signs of consumer caution, after it returned to comparable sales growth in the fourth quarter ended Feb. 1 for the first time in nine quarters. The company, which owns the DSW chain, The Shoe Company and ...
-
ArticleStella’s operating income rises 15.7% in 2024
Stella International Holdings improved its operating profit margin, shipping volumes, and revenues for the 12 months ended Dec. 31, surpassing the dual targets of its three-year strategic plan. Stella’s annual operating income rose 1.20 percentage points to 11.9 percent, fueled by an expanded and diversified customer portfolio and the relocation ...
-
ArticleCaleres sees sales continuing to fall in Q1 amid consumer headwinds, retailer caution
Caleres expects sales in the first quarter of fiscal year 2025 to fall by 5-6 percent compared to the year earlier, a result encompassing the “very challenging business” it saw in February and an improvement in the first three weeks of March. Earnings per diluted share for the quarter are ...
-
ArticleShoe Carnival ramps up Shoe Station rebannering plans
Shoe Carnival announced plans to convert some 175 stores to its higher-priced Shoe Station banner in the next 24 months, in an aggressive rebannering strategy that will see Shoe Station grow to represent a majority of its store fleet and is expected to give a significant mid-term boost to both ...
-
ArticleAllbirds banking on new assortments, initiatives to fly high again in late 2025
Allbirds believes new product assortments in the fall will bolster its fortunes and topline starting in the fourth quarter of 2025 after a transitional year in 2024. The San Francisco-based group reduced its fourth-quarter operating loss by 55 percent to a loss of $25.8 million from a loss of $57.6 ...
-
ArticleGolden Goose’s sales accelerate in Q4
In 2024, Golden Goose’s net revenues rose by 13 percent at constant exchange rates to €654.6 million. In the sole fourth quarter, the top line was up by 14 percent to €188.6 million. Full-year direct-to-consumer (DTC) net revenues reached €503.6 million, accounting for 77 percent of total turnover and growing ...
-
ArticleAzzas 2154’s footwear sales growth accelerates as DTC shines and franchise sales recover
The footwear and accessories business of the Brazilian footwear and apparel group Azzas 2154 reported gross revenues of 1,332.7 million reais (€210.0m) in the fourth quarter of 2024, up by 4.5 percent compared to the year earlier and accelerating from the 3.2 percent growth seen in the previous quarter, as ...
-
ArticleBoohoo to rebrand as Debenhams in bid to arrest sales slump
Boohoo is rebranding as Debenhams Group as part of new Chief Executive Dan Finley’s plans to turn around the fortunes of the British online fast fashion amid an ongoing tough trading environment. Boohoo said Debenhams, which it bought out of administration after its collapse in 2021, was now growing rapidly ...
-
ArticleInditex’s sales slow down in the opening weeks of fiscal 2025
Inditex’s sales in the full year ending Feb.1 grew by 7.5 percent to reach €38.6 billion, thanks to “very satisfactory development both in stores and online.” Sales in constant currency grew by 10.5 percent. But, sales growth slowed down in the opening weeks of the new fiscal year. In fiscal ...
-
ArticleYue Yuen reports improved FY results on manufacturing rebound
Yue Yuen posted a 47 percent increase in 2024 Ebit to $572.1 million versus $390.2 million in 2023. Net profit attributable to owners of the Chinese group rose by 43 percent to $392.4 million from $274.7 million. Annual operating costs contracted by 4.9 percent or $75.1 million. Annual revenues grew ...
-
ArticleGenesco sees steady sales as store closures, remodels continue to be a focus
Genesco expects sales in fiscal year 2026 to be flat to up 1 percent compared to the $2,325 million it reported in fiscal year 2025, as it continues with plans to close underperforming stores and remodel a sizeable portion of its fleet of Journeys stores amid that banner’s accelerating turnaround. ...
-
ArticleTecnica Group’s FY sales slip, Lowa outperforms
Tecnica Group, an Italian manufacturer of outdoor footwear and winter sports equipment, reported full-year revenues of €517 million, reflecting a 4 percent year-over-year decline, but saw a recovery in the fourth quarter. Adjusted Ebitda stood at €79 million, down 13.5 percent from 2023, while net profit remained steady at €25.2 ...
