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Revenues Tag

3 Aug

Zalando Revenues Down 2.5% in Q2 Amid Difficult Retail Environment

by Beautifaire101
Beauty, Featured
PARIS – European e-commerce behemoth Zalando saw revenues fall 2.5 percent within the second quarter to 2.6 billion euros in what the corporate called a “difficult retail environment.” But net income surged 87 percent to 144.8 million euros year-on-year, because the Berlin-based company grew its achievement and logistics offering, and focused on cost-cutting measures. “Amid the temporarily difficult retail environment, we proceed to drive sustainable efficiencies in achievement and marketing,” said Zalando chief financial officer Sandra Dembeck. “These efforts have paid off this yr with adjusted EBIT almost doubling within the second quarter. Such success puts us in pole position to shift our focus more towards investment and future growth initiatives.” The revenue drop got here as the corporate strengthened its product offering,...
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25 May

Chanel Revenues Gained 17% in 2022

by Beautifaire101
Beauty, Featured
PARIS — Chanel is closing on luxury’s ultra-exclusive $20 billion threshold, reporting revenues gained 17 percent last yr to $17.22 billion, while operating profits rose 5.8 percent to $5.78 billion. The French fashion house trumpeted double-digit growth across all product lines, and noted retail teams “nurtured local clienteles” during pandemic restrictions, alluding to lockdowns in China that dented luxury growth last yr. Revenues in Asia-Pacific gained 14.3 percent to $8.65 billion on a comparable basis, stripping out the impact of currency fluctuations and changes in company structure. Revenues improved 29.6 percent in Europe to $4.72 billion and 9.5 percent within the Americas to $3.86 billion. In an announcement, Leena Nair, Chanel’s global chief executive officer, said the strong financials “reflect the strength of...
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22 Apr

Lanvin Revenues Grow 37% as Luxury Group Builds Up

by Beauty Tips
Fashion, Featured
Lanvin Group has proved it may grow. Now, the posh group is seeking to prove it may hold its own on the underside line.  The corporate, which debuted on the Latest York Stock Exchange in December, posted a 37 percent increase in revenues for 2022, when the highest line tallied 422 million euros and was boosted by the acquisition of Sergio Rossi in July 2021. On a pro-forma basis, revenues were up 24 percent, with the Lanvin brand leading the best way, growing 64 percent to 119.8 million euros. The remainder of the portfolio also showed gains with Caruso up 25 percent to 30.8 million euros, St. John ahead 17 percent to 85.9 million euros, Wolford up 15 percent to 125.5 million...
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20 Apr

Zegna Revenues Increase 13.4 Percent With Broad-based Strength

by Beautifaire101
Beauty, Featured
Ermenegildo Zegna Group carried its momentum from last 12 months into the primary quarter, when revenues advanced 13.4 percent 428.3 million euros.  The strength was broad-based across the Zegna and Thom Browne businesses. And excluding the impact of Tom Ford — where the corporate transitioned from a licensing deal to an exclusive supplier agreement — the firm’s first-quarter revenues increased 19.1 percent.  Chairman and chief executive officer Gildo Zegna said: “We began 2023 with an encouraging upswing led by further reopening within the Greater China Region following COVID-19-related restrictions. We also saw robust growth across our business in the US and Europe driven by our own retail. For Zegna, growth was driven by a healthy increase in productivity, which is one in...
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