Quarter Results
Skechers announces record annual sales
The US-based company reported an increase in sales of 18% in 2022, year-over-year, reaching a record total of 7.4 billion US dollars, as the result of four quarterly sales records
H&M confirms full year sales increase
Despite a "turbulent year characterized" by "geopolitical challenges and substantial cost inflation", the Sweden-based fashion group posted a full year 2022 sales increase of 12% over fiscal 2021
Primark reports very strong Christmas period
The retailer posted a sales increase of 15% in the 16 weeks to the 7th of January 2023, driven by strong footfall after the easing of COVID-19 restrictions, which impacted last year's results
Dr. Martens posts third quarter results below expectations
The British label reported a third quarter revenue below expectations due to "slower than anticipated" DTC growth in America and major operational issues at the LA distribution centre
Burberry reports rise in sales despite weaker performance in China
The luxury group posted double-digit revenue growth in the third quarter of fiscal 23, excluding the impact of China, where COVID-19-related disruption continued to affect the business
Stella International provides update on 2022 results
The Hong-Kong based manufacturer reported an unaudited consolidated revenue increase of about 5.9%, as compared to 2021, but growth slowed down in the last quarter with a revenue decline of 15.4%
Caution rises as we step into 2023
Following the slump caused by the COVID-19 pandemic, in 2021, most fashion brands and retailers equalled or even exceeded their pre-pandemic performances. But 2022 will hardly be a forgettable year: the world’s inflation hit levels not seen since the early 80s, leading to a sharp hike in interest rates, Russia’s ceased to be a viable market for Western brands after its invasion of Ukraine on the 24th of February, and China’s economy slowed down due to the country’s zero COVID-19 policy. And yet, despite the worst projections, for the better part of the year, the fashion industry prevailed. Nevertheless, as we enter 2023 with a global recession still on the table, it is worth looking into the year-to-date results of some of the largest companies worldwide to understand the current situation
Nike posts revenue growth
In the second quarter of fiscal 2023, the sportswear giant posted a revenue increase of 17%, year-over-year, driven by discounts and increased promotions to reduce the inventory excess
H&M full year sales to rise
The Sweden-based fashion group has released its sales development for the full year 2022, including the fourth quarter, ahead of the publication of final results on the 27th of January 2023
Inditex reports sales growth of 19%
The Spanish-based fashion group reported a sales increase of 19% in the first nine months of 2022, reaching 23.1 billion US dollars, as compared to the same period of last year
Genesco cuts again full year outlook
The Nashville-based footwear group, which posted a third quarter net sales growth of 1% year-over-year, lowered again its annual outlook amid higher industry-wide promotional activity and cost pressures
Designer Brands announces third quarter results
The North-American company posted net sales of 865.0 million USD in the third quarter of 2022, with sales of owned brands representing 26.5% of the total, as compared to 21.5% in the same period of last year
Dr. Martens warns on full year profit margins
Despite a strong performance in the first half, the British label is concerned with full year profits due to weaker consumer demand, higher investment in its DTC channel and a stronger US dollar
Dick's Sporting Goods posts solid performance
The sporting goods retailer has reported a 7.7% net sales increase in the third quarter of 2022, as compared to the same period of last year, deciding to raise the full year outlook in result
Strong third quarter for Caleres
The US-based footwear group posted record quarterly consolidated net sales of 798.3 million US dollars in the third quarter of 2022, driven by the performance of the Brand Portfolio Segment-
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