By Bloomberg Published Jul 15, 2024 Swatch Group AG said sales and profit fell sharply amid a China-led slowdown for luxury watchmakers. Swatch The Swiss watchmaking conglomerate, whose brands include Omega, Blancpain and jeweler Harry Winston, reported a 14% drop in sales to 3.45 billion Swiss francs ($3.85 billion) for the first six months of [...]read moreSwatch Group profit falls on weak China, strong Swiss franc
Superdrug released its annual results on Monday, reporting a double-digit revenue uplift and “soaring profits driven by strong retail store sales and volume growth” during 2023. The UK-based health & beauty retail giant saw sales rising 11.8% to £1.528 billion and its market share also grew for the third consecutive year. It reached 10.6% having [...]read moreSuperdrug hails strong year as sales jump
LPP, the Polish fashion retail giant that owns Reserved and Sinsay, has released its Q1 results. And the company hailed a “very good” three months that generated over PLN4.3 billion (€982m/£826m/$1bn) in revenue, double-digit sales growth and “record operating profit”. LPP/Reserved It said the positive reception to its spring collections by customers led to that [...]read moreLPP sees strong Q1, Reserved and Sinsay owner predicts more of the same
Tesco issued a trading update on Friday and frustratingly, it included only 11 words about non-foods and fashion, despite clothing being a key driver during the period covered. Tesco F&F For the 13 weeks to 25 May (the retailer’s first quarter), it talked of “non-food sales up +0.7%, driven by strong growth in clothing”. We [...]read moreTesco trading update shows clothing remains strong
N Brown’s results for the 52 weeks to 2 March came with a sub-heading of “continued strategic progress delivering for our customers. Adjusted EBITDA above market expectations and return to profit. Strong balance sheet and liquidity”. JD Williams It beat market expectations and that all sounds great, but what it usually means if there’s no [...]read moreN Brown makes strong progress but sales are still down
G-III Apparel announced on Thursday net sales for the first quarter of fiscal 2025, ended April 30, were $609.7 million compared to $606.6 million in the prior year’s quarter. G-III Apparel reports strong Q1 2025 earnings, announces strategic partnership. – G-III Apparel The New York-based company reported net income for the first quarter of $5.8 [...]read moreG-III Apparel reports strong Q1 earnings, announces partnership with AWWG for Iberian region
Guess Inc. said on Thursday revenue for the first quarter rose 4% to $591.9 million, on the back of surging wholesale revenues and growth in Asia, offsetting declines in the footwear firm’s Americas retail channel. Rafael Pavarotti The Los Angeles-based company said Americas retail revenues remained flat for the three months ending May 4, with retail [...]read moreGuess Q1 sales lift on strong US wholesale, overseas sales
By Reuters Translated by Roberta HERRERA Published May 14, 2024 Chinese conglomerate Alibaba Holding reported a 7% increase in fourth-quarter revenue, surpassing expectations, driven by the growth in low-cost product sales. Reuters The revenue amounted to 221.87 billion yuan (28.41 billion euros) for the three months ending March 31, compared to an estimate of 219.66 [...]read morerevenue exceeds expectations in Q4 with strong sales of low-cost products
The real estate brokerage also managed to trim losses and achieved positive free cash flow for the first time ever in a first quarter, according to an earnings call Wednesday. 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 [...]read moreCompass Posts Revenue Spoke And Increases Agent Count In Strong Q1
Translated by Nicola Mira Published May 8, 2024 In Q1 2024, net sales for Italian eyewear group Safilo were €277.2 million, down 1.8% at constant exchange rates and 3.5% at current rates. This was chiefly due to a sales downturn for Jimmy Choo (whose licence wasn’t renewed at the end of December 2023, and will [...]read moreSafilo’s Q1 net sales drop 3.5% but Europe is strong