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Fast Retailing optimistic on 2021 despite FY profit, revenue slide

2020-10-15 15:03:00| Daily apparel & textile news and comment - from just-style.com

Fast Retailing has booked a 44% drop in earnings to JPY90.3bn (US$858m) for the full year but remains optimistic for 2021, having forecast a large increase in revenue and a considerable improvement in operating profit from all business segments in the second half.

Tags: fast profit revenue slide

 

The Very Group returns to FY profit as sales surpass GBP2bn

2020-10-08 12:22:00| Daily apparel & textile news and comment - from just-style.com

Digital pureplay retailer The Very Group, formerly Shop Direct, has returned to profit for the full year as revenue topped GBP2bn (US$2.6bn) for the first time. 

Tags: group sales returns profit

 
 

Samsung sees Q3 operating profit up 58% on sales up 6.5%

2020-10-08 08:49:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics said it expects to report third-quarter sales of KRW 66 trillion and operating profit of KRW 12.3 trillion. That means year-on-year revenue growth of 6.5 percent and profit up 58 percent. 

Tags: up sales operating samsung

 

Levi Strauss & Co returns to profit in Q3 as online sales surge

2020-10-07 14:59:00| Daily apparel & textile news and comment - from just-style.com

Jeans giant Levi Strauss & Co has returned to profit in the third quarter having exceeded its expectations for the period, boosted by e-commerce revenue growth of 52%.

Tags: online sales returns profit

 

Boohoo raises FY guidance as H1 sales and profit soar

2020-09-30 11:54:00| Daily apparel & textile news and comment - from just-style.com

Boohoo Group has upped its full-year guidance on the back of a double-digit hike in both earnings and revenue for the first half, which came despite the launch of an independent review into its UK supply chain during the period.

Tags: sales profit guidance raises

 

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