By Reuters Published Aug 7, 2024 German sportswear maker Puma on Wednesday narrowed its outlook for full-year core profit, sending its shares briefly to 2018 lows, citing higher freight costs, currency headwinds, and continued muted consumer sentiment in China. Reuters Puma, which has launched new marketing initiatives to compete better with bigger rivals like Adidas [...]read morePuma narrows FY core profit outlook
Harvey Nichols — or more accurately, Broad Gain (UK) Limited — has filed its results for the year to last April at Companies House, confirming preliminary figures it issued last month. Although it was the first year in a while in which it hadn’t been affected by Covid, it still recorded a loss. The figures [...]read moreHarvey Nichols accounts confirm losses, but negative number narrows as sales rise
High-end leather goods specialist Smythson has filed its results for FY23 (the year to April 2023) and said that most retail stores were back to pre-Covid numbers. Smythson But its travel locations, while much improved, continued to feel the impact of reduced passengers, on less international travel in the first half of the year. Overall [...]read moreSmythson loss narrows as sales recover
PLBY Group reported total revenue from continuing operations for 2023 fell 23% to $143 million, hit by a decline in the company’s direct-to-consumer sales and licensing revenues. Honey Birdette The owner the Playboy and Honey Birdette brands said direct-to-consumer sales for the year declined 26% year-over-year to $78 million in 2023, where revenues from Playboy.com e-commerce declined by $16.6 million the [...]read morePLBY Group sales hit by D2C, licensing declines; narrows losses for 2023
Better Home & Finance Holding Co., the parent of digital lender Better.com, narrowed its net loss between the third and fourth quarters of 2023 by more than 80%, driven by expense cuts to its platform and marketing efforts. Going forward, Better is focused on driving market share and reaching profitability in the medium term. The [...]read moreBetter narrows loss in 2023, aims to reach profitability soon
The RealReal reported a 10% dip in total revenue to $143 million for the fourth quarter, with the luxury online platform narrowing its losses to round out the year 2023. The RealReal The San Francisco-based company said GMV for the three months ending December 31 fell 9% to $451 million, on the back of a 10% [...]read moreThe RealReal narrows losses in Q4, sees improving year