Articles by Prachi Singh
PVH appoints Ajay Bhalla to its board of directors
5 Aug 2022 - Business
PVH Corp. has announced the appointment of Ajay Bhalla, president, cyber & intelligence at Mastercard International, to its board of directors. The company said his appointment is part of the Board’s on-going refreshment process, which is bringing together business leaders with a diverse range of experiences, backgrounds and perspectives to...
Alpargatas posts 40 percent drop in Q2 profit
5 Aug 2022 - Business
In the second quarter, Alpargatas reached net revenue of 1.1 billion Brazilian real, up 2 percent or 10 percent in constant currency against the second quarter of 2021. In the second quarter, Alpargatas , owner of Havaianas, recorded a 40 percent decrease in net income to 64.2 million Brazilian real. Excluding data from Rothy's, recurring net...
VF Q1 sales up, adjusts earnings outlook
4 Aug 2022 - Business
First quarter revenue increased 3 percent or 7 percent in constant dollars to 2.3 billion dollars at VF Corporation, driven by increases in the EMEA and Americas regions partially offset by a decline in the APAC region primarily due to COVID lockdowns in China. Commenting on the results, Steve Rendle, chairman, President and CEO of VF said: “We...
Gildan reports 20 percent sales growth
4 Aug 2022 - Business
Sales for the second quarter ending July 3, 2022 at Gildan Activewear Inc., of 896 million dollars, were up 20 percent over the prior year, consisting of activewear sales of 758 million dollars, up 27 percent and sales in the hosiery and underwear category of 138 million dollars, down 8 percent over the prior year. Net sales for the six months...
Crocs presents strong Q2 results, revenues jump 51 percent
4 Aug 2022 - Business
For its second quarter, Crocs, Inc. reported consolidated revenues of 964.6 million dollars increased 50.5 percent or 55.6 percent on a constant currency basis, as compared to 2021. Crocs brand quarterly revenues of 732.2 million dollars, increased 14.3 percent or 19.4 percent on a constant currency basis, as compared to 2021. Heydude brand...
Tapestry COO Tom Glaser to retire, CFO Scott Roe to assume dual role
4 Aug 2022 - Business
Tapestry, Inc. has announced the retirement of Tom Glaser, 61, the company’s chief operations officer (COO). Effective immediately, and in keeping with Tapestry’s succession planning, the company said, Scott Roe, who has been chief financial officer since June 2021, will take on additional responsibility as COO. As part of these changes, the...
Next posts sales growth, raises profit outlook
4 Aug 2022 - Business
British fashion retailer Next has reported a 5 percent year-over-year increase in full price sales in the second quarter, 50 million pounds ahead of the company’s previous guidance. Excluding Russia and Ukraine, full price sales were up 6.3 percent. Next is maintaining its full price sales guidance for the second half at a 1 percent increase,...
eBay posts decline in revenue and GMV
4 Aug 2022 - Business
eBay Inc. reported revenue of 2.4 billion dollars, down 9 percent on an as-reported basis and down 6 percent on a foreign exchange (FX) neutral basis. Gross merchandise volume (GMV) was 18.5 billion dollars, down 18 percent on an as-reported basis and down 14 percent on an FX-neutral basis. "Our team delivered better than expected financial...
Adidas Q2 sales increase but operating profit declines
4 Aug 2022 - Business
In the second quarter, currency-neutral revenues increased 4 percent as Adidas continued to see strong momentum in western markets. In euro terms, revenues grew 10 percent to 5.596 billion euros. In the first half of 2022, currency-neutral revenues were flat versus the prior year period. In euro terms, revenues grew 5 percent to 10.897 billion...
Branding refresh drives strong sales growth at Hugo Boss
3 Aug 2022 - Business
Hugo Boss currency-adjusted group sales increased 34 percent compared to the prior-year period. In group currency, revenues were up 40 percent to 878 million in the three-month period, marking the strongest second quarter in the history of Hugo Boss. Sales exceeded pre-pandemic levels, up 29 percent compared to 675 million euros. “Our impressive...