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Crocs posts 56.5 percent rise in Q4 revenues

1 day ago   |   By Fashion United

Revenues at Crocs Inc., were 411.5 million dollars, an increase of 56.5 percent from the same period last year or 56.1 percent on a constant currency basis for the fourth quarter. The company said in a statement that ecommerce revenues grew 92 percent, wholesale revenues rose 52.2 percent, and retail comparable store sales increased 40.9 percent for the quarter.
Gross margin of 55.7 percent increased 770 basis points compared to 48 percent in the same period last year, while adjusted gross margin of 56 percent rose 670 basis points from the same period last year. Diluted earnings per share...
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The RealReal reports 10 percent drop in Q4 revenue

2 days ago   |   By Fashion United

Luxury consignment platform The RealReal has reported a 10 percent drop in revenue for the fourth quarter of the year.
For the three months to 31 December 2020, the San Francisco-based company's revenue fell to 84.6 million dollars.
Its consignment and service revenue fell 16 percent to 69.1 million dollars, while direct revenue increased 38 percent to 15.5 million dollars.
Gross merchandise volume was 301.2 million dollars, a 235bps Q/Q improvement and a 1 percent year-on-year decrease.
The company's net loss widened to 53 million dollars from 21.4 million dollars a year earlier.
“With...
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