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Under Armour Q2 revenue dips as brand realignment continues

Inside Retail

Operating expenses decreased 15 per cent, and net income for the quarter was $170 million. By product, apparel sales dropped by 12 per cent, footwear by 11 per cent, and accessories rose 2 per cent. 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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Esprit posts $460 million loss in ‘distressing’ year

Inside Retail

Operating expenses were HK$5 billion, up 44 per cent on the prior year, which was attributed to the reversal of the provision for inventories and impairment losses. Revenue from e-commerce, wholesale and retail all dropped by 14-20 per cent, while licensing sales remained relatively stable.

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Esprit posts $300 million loss in ‘distressing’ year

Inside Retail

Operating expenses were HK$5 billion, up 44 per cent on the prior year, which was attributed to the reversal of the provision for inventories and impairment losses. Revenue from e-commerce, wholesale and retail all dropped by 14-20 per cent, while licensing sales remained relatively stable.

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Nick Scali’s net profit plunges amid Fabb Furniture acquisition

Inside Retail

million to group operating expenses in the fiscal second half. The group’s written sales orders totalled $454.2 million, which includes Fabb Furniture UK’s written sales orders of $6.8 Online written sales orders grew 17.8 per cent to $34.8 Nick Scali completed the acquisition of Fabb Furniture last May 8, which added $3.3

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Scentre Group increases security across Westfield malls

Inside Retail

. “Our decision to increase security across the portfolio and provide financial support to our business partners following the tragedy at Westfield Bondi will result in an increase in operating expenses in 2024,” said Elliott Rusanow, Scentre Group CEO. cents per security for this year, representing a 3 per cent to 5.4

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Rent the Runway to Cut Corporate Staff by 24% After Q2 Active Subscriptions Drop

Retail TouchPoints

million , it expects to save $25 million to $27 million in operating expenses during FY 2023. “We The restructuring plan focuses mainly on a reduction in workforce, with some closures of open roles and reduced backfills, as Rent the Runway reorganizes to focus on customer experience and company growth.

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Harrolds exits Pacific Fair after rent negotiations fall through

Inside Retail

We have had to pull many levers during the last 12 months to mitigate the impacts of Covid-19 to our business nationally, including reducing operating expenses and attempting to negotiate revised rental agreements,” said Harrolds’ managing director Ross Poulakis.