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Under Armour Q2 revenue dips as brand realignment continues

Inside Retail

By product, apparel sales dropped by 12 per cent, footwear by 11 per cent, and accessories rose 2 per cent. Operating expenses decreased 15 per cent, and net income for the quarter was $170 million. However, the company’s gross margin improved by 200 basis points to 49.8 per cent due to lower costs and reduced discounting.

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Destination XL Taps $17.5 Million Loan to Fuel Liquidity After Difficult Fiscal 2020

Retail TouchPoints

Destination XL, which operates the DXL Big + Tall and Casual Male XL brands and ecommerce sites including dxl.com, has pivoted its operations to recover from the pandemic. Efforts include adjusting its product assortment, negotiating relief in occupancy costs and restructuring its operating expenses.

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Frank And Oak Lowers Retail Operating Costs by 47% After Switching to Shopify POS

Shopify

Learn how one of Canada's leading apparel retailers reduced their operating expenses and boosted sales after making the switch to Shopify POS.

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Costco, Nordstrom And Abercrombie Results Showcase Retail Fortunes Across Three Verticals

Retail TouchPoints

Q1 2020 financial results for Costco , Nordstrom and Abercrombie & Fitch encapsulate how three retail verticals — club, department and specialty apparel — are weathering the COVID-19 pandemic. Costco reported a successful quarter, while Nordstrom and Abercrombie discussed plans to handle the fallout. Costco posted a 7.3%

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10 Ways to Reshape and Refresh Your Product Portfolio

Retail TouchPoints

They tend to under-represent low-volume production costs and your enterprise’s operating expenses. This figure includes all of your operational costs and the costs of goods sold, along with marketing, distribution and R&D expenses.

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Have Temu and Shein Thwarted Wish’s Hopes of a Comeback?

Retail TouchPoints

Temu also operates as a manufacturer-to-consumer marketplace and offers a wide range of merchandise, from homewares to apparel. million in severance and other expenses and be completed by the end of the year, resulting in annualized savings of $43 to $46 million beginning in Q4. Rationalizing’ corporate overhead. “We

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Why Every Retailer Needs Enterprise Resource Planning (ERP) Software?

RETAIL MANAGEMENT SOFTWARE

Retail ERP software enables businesses to capture, store, and manage information through an automated system to organize and simplify daily operations and reduce the tedious manual efforts required to perform repetitive activities. Effortless Pricing and Discount Management. The nature of retail business requires a dynamic pricing system.

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