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Profitability Tag

24 Apr

Valentino Reports Profitability, Sales Growth in 2022

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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15 Apr

Thirteen Lune’s Key to Beauty Industry Success: Profitability –

Thirteen Lune’s Key to Beauty Industry Success: Profitability –
What's the important thing to success in beauty? For Thirteen Lune, the inclusive beauty platform, it’s been specializing in scalability since Day One. It’s been “a core guiding true north principle for us,” said cofounder Patrick Herning at WWD’s inaugural Los Angeles beauty conference. Herning and partner Nyakio Grieco launched the web retailer — which is opening its first stand-alone store in L.A. in coming weeks — in December 2020. Also found shop-in-shop at 600 JCPenney stores, their aim has been to supply shelf space for BIPOC founders. The retailer also carries brands that align with its mission of inclusivity. (Ninety percent of brands are created by people of color, while 10 percent are dedicated to fostering allyship.) “So, the way you achieve profitability...
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