ITagama™’s Post

Skechers crushed Q3, posting record sales. The global footwear brand’s net sales rose 15.9% to  a new quarterly record of $2.35 billion, topping estimates of $2.31 billion, for the period ended Sept. 30. Domestic net sales were up 15.3%, while international sales increased 16.4%. By channel, direct-to-consumer sales increased 9.6%. Wholesale sales jumped 20.6%. It's my opnion that Skechers is often overlooked as a retailer and in the sneaker category. CFO John Vandemore notes that the company is on target to hit 10B, yes billion, in sales by 2026. “Skechers’ record third-quarter financial performance underscores the strength of our global diversification and demand for our distinctive value proposition." “These results reinforce our confidence in achieving our goal of $10 billion in sales by 2026 and continued growth thereafter The company continues to build their technical performance business including a recent endorsement deal with National Basketball Association (NBA) Superstar Joel Embid. The future continues to grow brighter for the company with an amazing corporate office location, Manhattan Beach, California. #retail #retailnews #retailtrends #cre #dtc #sneakers #chainstoreage https://lnkd.in/eBRAFrvH

RetailStat Analysis: Kohl's Struggles Amid Eroding Sales and Leadership Transition Kohl’s continues to grapple with declining performance, reporting a 9.3% drop in Q3 comps and slashing its FY24 outlook. While beauty (+15%) and home categories saw gains, core apparel and footwear sales remain a significant challenge. With Ashley Buchanan set to take over as CEO in January, Kohl’s faces critical decisions around merchandising, store presentation, and navigating fierce competition from online giants and off-price retailers. What does the future hold for Kohl’s as it enters the holiday season? 📊 Download the full report, written by RetailStat Analyst Michael Blackburn, at https://lnkd.in/e-Auu-8h #RetailTrends #Kohls #LeadershipChange #RetailAnalysis #EarningsUpdate #RetailInsights

📉 UK Retail Sales Update - June 2024 The Office for National Statistics (ONS) reports on the textiles, clothing, and footwear sector: 🔹 Sales in this category decreased by 1.6% month-on-month. This sharper decline compared to the 0.4% drop in June 2023 could potentially lead to excess inventory and heavier discounts. 🔹 Online sales fell by 5.4% month-on-month, similar to the 5.9% drop seen in June 2023. However, spending values in June 2024 rose by 2.3% compared to June 2023. 🔹 The portion of online sales slightly decreased from 27.2% in May to 27.1% in June, reflecting a stable consumer preference for online shopping. For more details, read the full ONS report here: https://lnkd.in/esh3Jhdp

Nike has continued its shift from direct-to-consumer (D2C) to wholesale channels over the past three months. Matthew Friend John Donahoe #Retail #TextileRetail #ApparelRetail #RetailNews #DailyNews #USA #footwear #RetailIndustry #ApparelResources #ApparelIndustry #FashionBrand

Mason Brothers, a footwear and apparel store, achieved impressive growth through effective inventory planning with the assistance of Management One. By implementing data-driven strategies and regular inventory reviews, Mason Brothers optimized their stock levels and improved turnover rates, resulting in significant sales increases. Despite economic challenges and market fluctuations, Mason Brothers saw substantial improvements in inventory efficiency and profitability. This case study exemplifies how strategic inventory management can drive retail success and operational excellence. Read the full case study here: https://lnkd.in/gzHyVqzu

📉 UK Retail Sales Update - April 2024 Today, the Office for National Statistics (ONS) reports shift in shopping behaviour for textiles, clothing, and footwear. Overall sales dropped by 5.1% month-on-month (including in-store), while online sales saw only a 1% decline. The share of online sales for textiles, clothing, and footwear increased by 0.6%, reflecting a growing preference for online shopping despite overall lower spending. Retailers should focus on enhancing the online shopping experience with tools like PRIME AI visual search and refunds reduction tools to capture this shift in consumer behaviour. Full ONS report: https://lnkd.in/enRi8eRg

Great H1 results for E-Land Apparel Ltd Sales increased by 20% YoY to 44.4 Cr Loss has reduced by 97% YoY to 0.33 Cr EPS increased by 97% YoY to (-0.07) ₹ The company is primarily engaged in the business of manufacture and sale of garments. Company caters to both domestic and international markets.

The Street Style Boutique Sales Analysis provides insights into the sales trend in the boutique from 2020-2021. It highlights the retailer with the highest sales, best region, top 5 states, most sold products, best sales method, and number of units sold per product. KEY INSIGHTS: - Best sales was in July - The best retailer for the boutique was West Gear - Best performing region, West - State with the highest sales, New York - Best-selling product, Men's Street Footwear - Best Sales method, In-store - Product with the highest units sold, Men's Street Footwear Street Style Boutique Sales analysis aims to help the management better understand the trend of sales in the boutiques and also gives them enough insights to aid them in making good decisions for the effective growth of the boutique. #DataAnalyst Vephla University.

May's warmth boosted retail sales, especially for larger retailers in clothing. Retailers are hoping for a further boost in consumer confidence and spending in June & July. 😎🛍👔 #dash #retailsales #retailinsights

Second quarter sales at Skechers increased 7.2 percent to 2.16 billion dollars as a result of a 6.9 percent increase internationally and a 7.7 percent increase domestically. On a constant currency basis, sales increased 8.7 percent. For the third quarter of 2024, the company expects to achieve sales between 2.30 and 2.35 billion dollars and diluted earnings per share between 1.10 dollars and 1.15 dollars. For the fiscal year 2024, it expects to achieve sales between 8.875 and 8.975 billion dollars and diluted earnings per share of between 4.08 dollars and 4.18 dollars. “Skechers achieved a new second quarter sales record of 2.16 billion dollars driven by the strong demand for our diverse portfolio of comfortable and innovative footwear,” said David Weinberg, chief operating officer of Skechers.