Executive

Caleres Q3 sales drop by 18.3 percent

4 days ago   |   By Fashion United

Caleres, in its third quarter trading report said that the company's net sales for the quarter were 647.5 million dollars, down 18.3 percent, while direct-to-consumer sales represented 71.4 percent of total net sales. The company added that there was a 12.3 percent sales decline in the Famous Footwear segment and a 25.6 percent sales decline in the Brand Portfolio segment; while total company owned ecommerce website sales increased 24.6 percent, with ecommerce penetration rising to 25.4 percent of net sales.
“Caleres furthered its recovery during the third quarter delivering results...
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Björn Borg's Q3 net sales decrease by 2.5 percent

4 days ago   |   By Fashion United

For the period between July 1 to September 30, 2020, Björn Borg AB said, the group's net sales decreased 2.5 percent to 224.9 million Swedish krona compared to 230.6 million Swedish krona for the same period in the previous year. Excluding currency effects, the company said, sales decreased 0.1 percent.
Net sales for company-owned e-commerce increased 13 percent to 20.7 million Swedish krona, while net sales for company-owned e-commerce and e-tailers amounted to 67.8 million Swedish krona, an increase of 17 percent.
“Our biggest victory is that we maintain our market leadership in...
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Destination XL Q3 turnover declines by 20.1 percent

4 days ago   |   By Fashion United

Destination XL Group, Inc. reported total sales for the third quarter of 85.2 million dollars, down 20.1 percent, while net loss for the quarter was 7 million dollars compared to 7.2 million dollars in the prior year's third quarter. Comparable sales for the quarter were down 20.5 percent to last year primarily driven by stores, which were down 31.5 percent from the prior year's third quarter, partially offset our direct business, which was up 18.2 percent. The company said in a statement that adjusted EBITDA was negative 1.7 million dollars compared to positive 1.7 million dollars in the...
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