20 days ago | By Fashion United

Image: Mnml, Facebook
San Francisco-based fashion group a.k.a. Brands swung to a loss in the fourth quarter as its sales dropped 18.3 percent.
The group, whose portfolio includes Princess Polly, Mnml, Petal & Pup, Rebdolls, and Culture Kings, made net sales of 149.1 million dollars in the three months to December 31, down from 182.4 million dollars in the same period a year earlier.
It said the drop was driven by a 14 percent decrease in the number of orders processed and an 8 percent decrease in the average order value, which were linked to lower marketing spend and a lower mix of full...
Read more ...

Gap reports tough Q4, rejigs leadership team

20 days ago | By Fashion United

Image: Gap/Braehead
Fourth quarter net sales at Gap, Inc. of 4.24 billion dollars, were down 6 percent compared to last year, and comparable sales were down 5 percent.
The company's store sales decreased 3 percent compared to last year, while online sales decreased 10 percent and represented 41 percent of total net sales.
For the full year, the company's net sales of 15.6 billion dollars, were down 6 percent, while comparable sales were down 7 percent. Store sales decreased 6 percent, while online sales decreased 7 percent and represented 38% of total net sales.
The company also announced...
Read more ...

Tilly's sales and earnings decline in Q4 and full year

20 days ago | By Fashion United

Image: Tillys store in Florida via Wikimedia Commons
Tilly's, Inc. fourth quarter net sales were 180.4 million dollars, a decrease of 24.1 million dollars or 11.8 percent. Total comparable net sales, including both physical stores and e-commerce, decreased by 13.7 percent.
The company's net sales from physical stores were 135 million dollars, a decrease of 17.1 million dollars or 11.3 percent with a comparable store net sales decrease of 14.1 percent. Net sales from e-com were 45.3 million dollars, a decrease of 7 million dollars or 13.4 percent.
Gross profit for the quarter was 52.4...
Read more ...

Zumiez Q4 net sales drop 19.2 percent

20 days ago | By Fashion United

Image: Zumiez, Facebook
Zumiez Inc. net sales for the fourth quarter decreased 19.2 percent to 280.1 million dollars, while net income was 11.4 million dollars or 59 cents per diluted share compared to 38.2 million dollars or 1.70 dollars per diluted share, in the fourth quarter of the prior fiscal year.
Total net sales for the twelve months decreased 19 percent to 958.4 million dollars and net income for fiscal 2022 was 21 million dollars or 1.08 dollars per diluted share, compared to 119.3 million dollars or 4.85 dollars per diluted share last year.
Commenting on the trading update, Rick...
Read more ...