Zumiez Inc. reported an 8.1% percent increase in sales to $210.2 million in the second quarter, on the back of accelerated comparable sales during the three months ending August 3. Zumiez The Washington-based fashion retailer said comparable sales for the thirteen weeks increased 3.6%, helping the company narrow losses to $0.8 million, or $0.04 per share, compared to a [...]read moreZumiez sales jump helps narrow losses
Victoria Beckham Ltd, the fashion and beauty business founded by the pop star-turned-entrepreneur, has released its 2023 results and highlighted rising sales and reduced losses with the company very close to operating profitability. See catwalkVictoria Beckham – Spring-Summer2024 – Womenswear – Paris – © Launchmetrics The business, which is managed in collaboration with investment partner [...]read moreVictoria Beckham sales rise, losses narrow as both fashion and beauty strengthen
Translated by Roberta HERRERA Published Aug 2, 2024 The revival of Moschino and a market slowdown impacted Aeffe‘s mid-year financial performance. The fashion conglomerate, which owns Moschino, among other brands, recorded a significant increase in its net loss—from 11.7 million euros in the first half of 2023 to 20.4 million euros—and a 14.9% decline in [...]read moreAeffe faces declining sales and increased losses in first half of 2024
Kontoor Brands announced on Thursday revenues fell just 1 percent to $607 million for the second quarter, on the back of dropping international sales and continued inventory management actions in the U.S. Wrangler The U.S. owner of Wrangler and Lee brands said U.S. revenue was dipped 1 percent to $496 million during the quarter with growth [...]read moreKontoor Brands swings back to black as sales losses narrow
By EFE Translated by Roberta HERRERA Published Jul 19, 2024 Adolfo Domínguez has reduced its losses to 1.8 million euros in its first fiscal quarter, spanning March to May, aided by a 10.45% increase in business volume, which exceeded 24 million euros—the highest for this interval since 2015. Interior of the Spanish company’s new store [...]read moreAdolfo Domínguez has narrowed its losses to 1.8 million euros in the first quarter
With the number of instances of wire fraud continuing to rise, many victims are turning to court to seek damages after a large portion of their life savings or business liquidity was stolen by scammers. According to a report published Thursday by wire fraud prevention firm CertifID, real estate agents, brokers and title companies are [...]read moreReal estate firms may be on the hook for wire fraud losses: CertifID
By Reuters Published May 28, 2024 Italy’s Benetton family is readying plans to address mounting losses at its eponymous clothing retailer, including parting ways with CEO Massimo Renon after four years, two people close to the group said on Monday. Reuters The board of the clothing group is expected to meet on Tuesday to discuss [...]read moreItaly’s Benetton plans restructuring as losses mount, sources say
PLBY Group said total revenue fell 20% to $28.3 million for the first quarter, hit by two licensees terminations in China and the Playboy e-commerce business no longer being operated by the company. Honey Birdette Direct-to-consumer revenue from continuing operations declined 10% year-over-year to $18.7 million. Revenues from Playboy.com e-commerce declined by $3.5 million, as the company transitioned it from an [...]read morePLBY continues to narrow losses on cost-cutting, business reshuffle
Mortgage tech and cloud banking software provider says it’s debt free and on faster track to profitability, thanks to $150 million cash injection from Haveli Investments. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be [...]read moreBlend shrugs off decline in mortgage revenue and trims losses
The iBuyer lost $17.5 million between January and March, according to an earnings call Monday afternoon. However, that represents a 71 percent improvement compared to a year earlier. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will [...]read moreOfferpad Posts A Decline In Annual Revenue, But Improves Q1 Losses