Growth – Page 9 – Beautifaire

24 Apr

Valentino Reports Profitability, Sales Growth in 2022

MILAN — A rebalancing of its retail and wholesale channels contributed to Valentino’s gains in revenues and profits last 12 months. Within the 12 months ended Dec. 31, sales on the Rome-based couture house reached 1.42 billion euros, climbing 15 percent compared with 1.23 billion euros in 2021. At constant exchange, revenues rose 10 percent. “After years of single-digit growth, we succeeded in going beyond,” said chief executive officer Jacopo Venturini proudly. He attributed this to a change in the corporate’s business model. Valentino reported 21 percent growth in its directly operated stores network, including e-commerce, while the wholesale channel registered a 6 percent decrease. “These results are fully in keeping with our strategy of rebalancing wholesale versus retail by increasingly reducing the wholesale activity...

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25 Jan

Levi Strauss Tops Q4 Estimates, Sees Slower Growth for 2023

by Beauty Tips

Fashion, Featured

Levi Strauss Tops Q4 Estimates, Sees Slower Growth for 2023

Chip Bergh isn’t quite able to make his last lap at Levi Strauss & Co. — however the chief executive officer, who’s preparing at hand the reins over to Michelle Gass, is actually seeking to finish strong. The corporate on Wednesday topped estimates in what was a tougher fourth-quarter and continued to realize in what turned out to be a decidedly mixed yr for the style industry. For the fiscal yr ended Nov. 27, Levi’s tallied net income of $569 million and adjusted earnings per share of $1.50 on $6.2 billion in sales, a gain of seven percent on a reported basis and a 12 percent increase in constant currencies. “We’re really completely happy with the yr,” Bergh told WWD. “It was a yr...

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18 Jan

Mainland China Closures Dent Burberry Growth in Key Holiday Period

by Beauty Tips

Fashion, Featured

Mainland China Closures Dent Burberry Growth in Key Holiday Period

LONDON – COVID-19 disruption in China took a bite out of Burberry’s growth in the important thing holiday trading period, with third-quarter retail revenue flat at constant exchange, and up 5 percent at reported rates. Retail revenue was 756 million kilos within the 13 weeks ended Dec. 31, compared with 723 million kilos within the corresponding period last yr. Comparable store sales were up 1 percent, compared with 7 percent within the corresponding period last yr. In mainland China, certainly one of Burberry’s biggest markets, sales were down 23 percent attributable to lockdowns and the country’s later decision to chill out COVID regulations throughout the period. Outside mainland China, comparable stores sales advanced 11 percent with the EMEIA region, Japan, South Korea and South Asia-Pacific...

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14 Jan

Kure Bazaar Launches at Saks Fifth Avenue and Focuses

by Beautifaire101

Beauty, Featured

Kure Bazaar Launches at Saks Fifth Avenue and Focuses

Kure Bazaar is staking a bigger claim within the U.S. The pioneering French eco-friendly nail polish brand debuted its corner in Saks Fifth Avenue’s Recent York flagship on Nov. 17. That marked the primary time Kure Bazaar opened a department store shop-in-shop and offers services within the country. “We all the time like to be in between fashion and sweetness,” said Christian David, the brand’s founder. “We were born in the style industry.” That's to say — backstage at fashion shows, where Kure Bazaar products have been used on models for the likes of Jean Paul Gaultier, Stella McCartney and Balmain catwalks. “Our colours are like a fashion accessory,” said David, who called the tie-in with Saks a “beautiful match.” Kure Bazaar’s 130-square-foot location there,...

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