Articles by Prachi Singh
Richemont reports slow Q4 sales growth, appoints Nicolas Bos as CEO
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For the full financial year, Richemont sales increased by 3 percent at actual exchange rates and 8 percent at constant exchange rates to 20.6 billion euros, driven by the jewellery maisons, while operating profit came in at 4.8 billion euros, a 13 percent improvement at constant exchange rates. Fourth quarter sales were down by 1 percent at...
Canada Goose Q4 revenues grow 22 percent
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Canada Goose revenue increased 22 percent or 23 percent on a constant currency basis to 358 million Canadian dollars for the fourth quarter. Gross profit grew 22 percent to 233 million Canadian dollars and gross margin for the quarter was 65.1 percent. “Our fourth quarter results came in ahead of guidance, reflecting the power of our iconic...
MySize revenues accelerate in the first quarter
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Israeli startup MySize revenues for the first quarter increased 314 percent to 2.98 million dollars driven by an increase in Orgad sales. MySize develops measurement technology based on sophisticated algorithms and cutting-edge technology with broad applications, including the apparel, e-commerce, DIY, shipping, and parcel delivery industries....
Watches of Switzerland Q4 sales rise, "cautiously optimistic" about FY25
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In the fourth quarter, revenue of 380 million pounds at Watches of Switzerland increased 4 percent at constant currency and 3 percent at reported rates, while luxury watches revenue rose 5 percent at constant currency and 3 percent at reported rates, with particularly strong performance in the US. Full year group revenue of 1,538 million pounds,...
Marimekko's first quarter net sales increase by 7 percent
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Finnish lifestyle company Marimekko’s net sales increased by 7 percent to 37.7 million euros in the first quarter boosted by the growth of wholesale sales in Finland and growth of international net sales. Commenting on the first quarter update, Tiina Alahuhta-Kasko, president and CEO of Marimekko said: “Marimekko had a good start to the year...
Cantabil posts 12 percent revenue growth
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Indian apparel retailer Cantabil has reported revenue of Rs 194.12 crore, up 12 percent with a net profit of Rs 18.35 crore for the fourth quarter. For the full financial year, the company said in a release that revenue grew 12 percent to Rs 616.49 crore with a profit reaching Rs 62.22 crore. Commenting on the financial results, Vijay Bansal,...
Golden Goose reports strong quarterly growth driven by DTC
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First quarter revenues at Golden Goose Group of 148 million euros, increased 12 percent at constant exchange and 11 percent on a reported basis. Net revenues in DTC were 106 million euros, up 20 percent at constant exchange and 18 percent on a reported basis. The company’s adjusted EBITDA of 54 million euros, rose 17 percent and adjusted EBIT of...
Lower revenues from Greater China impacts Tod’s Q1
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Tod’s turnover reached 252.3 million euros, down 6.7 percent in the first quarter with the strong impact of currencies and China weakness weighing on the results. The company said in a statement that Tod's and Roger Vivier were visibly affected by the weakness of the Chinese market. However, all brands performed well in the European and American...
Shiseido reports Q1 loss, net sales up 3.9 percent
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First quarter net sales at Shiseido increased 3.9 percent to 249.5 billion Japanese yen on a reported basis and decreased 2.7 percent on a FX-neutral basis. The company said in a release that net sales rose 3.2 percent on a like-for-like basis, excluding the impacts of foreign exchange translation and business transfers, as well as the...
Mytheresa's Q3 net sales grow by 17.6 percent
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Mytheresa’s third quarter net sales increased 17.6 percent to 233.9 million euros and GMV rose 14.7 percent to 252.2 million euros. The company reported gross profit growth of 12 percent to 101.6 million euros with 43.4 percent gross profit margin and improved Adjusted EBITDA margin to 3.9 percent compared to the same period last year....