Articles by Prachi Singh
European market drives 2022 sales at Safilo
30 Jan 2023 - Business
Preliminary results for Safilo Group S.p.A., for the financial year ended December 31, 2022 showed that net sales amounted to 1076.7 million euros, up 11.1 percent at current exchange rates and 4.2 percent at constant exchange rates. In the year, the company said, organic sales grew by 7.7 percent at constant exchange rates, recording...
Nice Footwear first half revenues increase
30 Jan 2023 - Business
The total net revenues of the Nice Footwear S.p.A. Group for the first half period to October 31, 2022 amounted to 23.8 million euros, an increase of 60.57 percent compared to the first semester of the previous year. The EBITDA for the period, the company said, stands at 15.36 percent of turnover compared to 7.43 percent last year and in...
N Brown Group non executive director Gill Barr to step down
27 Jan 2023 - Business
N Brown Group Plc has announced that Gill Barr, a non-executive director, is stepping down from the company’s board, in order to focus on other professional commitments. The company said in a release that Barr will step down from the board following the conclusion of the annual general meeting in July and will not stand for re-election....
H&M posts drop in operating profit, Q2 sales up 10 percent
27 Jan 2023 - Business
H&M’s fourth quarter net sales increased by 10 percent to 62,433 million Swedish krona, while in local currencies, net sales were flat. Excluding Russia, Belarus and Ukraine the increase was 11 percent in SEK and 2 percent in local currencies. Net sales in SEK increased by 12 percent in the 2022 financial year to 223,553 million Swedish krona,...
The Athlete’s Foot promotes Darius Billings to VP marketing
27 Jan 2023 - Business
The specialty footwear and lifestyle chain, The Athlete's Foot (TAF), has announced the expansion of its marketing team and promotion of two key executives to close out a successful 2022. The company said in a release that Darius Billings has been promoted to VP of marketing: community engagement and StAART and Cassidy Dansberry to marketing...
Luxury group LVMH records 23 percent growth in revenue and profit
27 Jan 2023 - Business
Luxury conglomerate LVMH Moët Hennessy Louis Vuitton recorded revenue of 79.2 billion euros in 2022 and profit from recurring operations of 21.1 billion euros, both up 23 percent. The company said in a statement that all business groups under its portfolio achieved significant organic revenue growth. Fashion & leather goods reported organic...
Birks Group reports drop in holiday sales
26 Jan 2023
Birks Group Inc. holiday period sales decreased 3.2 percent in comparable store sales versus the same period last year, during which the company had recorded growth of 18.4 percent in comparable store sales. The FY2023 holiday sales performance is equivalent to an increase in comparable store sales of 15.3 percent to the FY2020 holiday period,...
Tendam posts revenue growth
26 Jan 2023 - Business
Tendam Brands reported total sales in the third quarter stood at 263.2 million euros, up 1.7 percent and 2.7 percent, respectively compared to the same period in 2021 and 2019. Tendam's total revenues increased by 8.6 percent to 840.7 million euros in the first nine months of the year. Like-for-like sales were up by 10 percent versus 2021 and...
Mister Spex FY22 revenues increase by 8 percent
26 Jan 2023
According to preliminary and unaudited figures, Mister Spex SE grew by 8 percent in 2022, finishing the year with 210 million euros revenue. This, the company said in a statement, corresponds to growth within the guidance range of 7 percent to 12 percent growth. The company expects adjusted EBITDA to be at the upper half of the guidance range,...
Express completes partnership deal with WHP Global
26 Jan 2023
Fashion apparel retailer Express, Inc. (EXPR) has announced the completion of a previously announced transaction with WHP Global, a leading global brand management firm. The company’s board of directors has also named Yehuda Shmidman as a Class II director. Express announces completion of agreed transaction with WHP Global The mutually...