21% US SMB e-com firms reported sales rise of at least 40%: Sendlane

Though e-commerce sellers are optimistic soon after a report 2021, they are however anxious about what submit-pandemic shopper investing will appear like, according to a survey of in excess of a hundred and fifty sellers to gauge the health of the US modest and medium business (SMB) e-commerce local community. A fifth (21 for each cent) of SMB e-commerce companies reported profits were being up by at least 40 for each cent.

SMB e-commerce businesses are pretty optimistic that these developments will continue on, with 93 for each cent anticipating profits to increase and 28 for each cent anticipating at least 40 for each cent advancement. Ninety two for each cent also believe that their profits will grow along with their profits, with 24 for each cent predicting a 40 for each cent maximize in their bottom line.

The survey was done by California-dependent Sendlane, which assists digital vendors automate

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H&M sales down 11%; still India’s largest fast fashion brand, Retail News, ET Retail

Swedish fashion retailer Hennes & Mauritz (H&M) noted an 11% fall in gross sales in the 12 months to March 2021, but nonetheless managed to retain its situation as India’s greatest quick fashion brand by revenues on intense keep enlargement and decreased pricing.

H&M posted gross sales at Rs one,402 crore through 2020-21, down from Rs one,582 crore in the 12 months back, in accordance to its most up-to-date filing.

The efficiency is in line with the all round development in just the clothing and lifestyle section exactly where rivals including Marks & Spencers, Purchasers Prevent, Tata-owned Trent, Aditya Birla Trend & Retail and Way of life Global saw their revenues shrink and losses widen through the 12 months.

“The enterprise has evaluated the influence of Covid-19 ensuing exclusively on account of the firm’s incapacity to open its retail retailers owing to numerous authorities restrictions and therefore reduction in need

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Fashion sales continue to climb

This week’s final result marks forty consecutive weeks of constructive full like-for-like gross sales for trend.

In-keep like-for-like gross sales for trend ballooned by twenty five.59%, offsetting a weak foundation of 23.69% for the duration of the similar 7 days previous yr, according to the BDO’s Significant Road Gross sales Tracker.

Full like-for-like gross sales enhanced by 10.forty% this 7 days from a foundation of +six.forty two% for the similar 7 days previous yr.

Full in keep like-for-like gross sales soared by +six.ninety five% from a weak foundation of 19.09% for the similar 7 days previous yr, although full non keep like-for-like gross sales appreciated by two.87% from a pretty sound foundation of 67.69% the yr prior to.

Over-all footfall saw an improve of 19.8% this 7 days in contrast to the equivalent 7 days previous yr.

Footfall on the high street was also up by 28.8%, although footfall to

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American Eagle Outfitters beats revenue estimates on strong in-store sales, Retail News, ET Retail

(Representative image)

American Eagle Outfitters Inc beat quarterly revenue estimates on Tuesday, as customers returning to schools and offices shopped more at its physical stores following the easing of COVID-19 curbs.

People stuck at home during lockdowns turned to comfortable joggers and sweatshirts, but the reopening of schools, workplaces and public spaces following vaccinations have prompted them to splurge again on streetwear, including jeans and shirts.

Most U.S. apparel sellers, including T.J. Maxx-parent TJX Cos Inc and Macy’s Inc, have shrugged off holiday inventory concerns, saying they have ample goods despite port congestion and some factory closures.

American Eagle Outfitters said inventory at cost at the end of the third quarter increased 32% to $740 million, as it deployed pricier air freight to navigate global supply chain issues.

The apparel chain has been beefing up its logistics game, after it agreed this month to buy Quiet Logistics for $350 million,

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American retailer Kohl’s achieves Q3 sales of $4.6 bn; raises outlook


Kohl’s Corp, a US-based leading omnichannel retailer, has reported a 15.6 per cent sales growth to $4.6 billion in the third quarter (Q3) of FY21 ended on October 30, 2021, over the sales of $3.9 billion in the same period of previous fiscal. Achieving strong Q3 results has led the company to raise its full year outlook and it expects sales to grow in mid-twenties percentage (previous expectations: low twenties) compared to FY20.

 

Kohl’s Corp, a leading omnichannel retailer, has posted 15.6 per cent sales growth to $4.6 billion in the third quarter (Q3) of FY21 over to the sales of $3.9 billion in the same period of previous fiscal. With strong Q3 results, Kohl’s has raised its FY21 outlook and expects sales to grow in mid-twenties percentage (earlier: low twenties) compared to FY20.

“Our strategic efforts to transform Kohl’s into the leading destination for the active and

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Japanese carbon fibre & apparel firm Teijin posts 15% sales jump in Q2


Teijin Limited, a Japanese manufacturer of carbon fibre and apparel products, posted a 15.0 per cent sales increase to ¥453.4 billion (Japanese yen) in the second quarter (Q2) of FY21 ended on September 30, 2021, over the same period of previous fiscal. Profit attributable to owners of parent during the quarter expanded 34.8 per cent to ¥21.6 billion (Q2 FY20: ¥16.0 billion).

 

Teijin Ltd, a Japanese manufacturer of carbon fibre and apparel products, posted 15 per cent sales rise to ¥453.4 billion (Japanese yen) in the second quarter (Q2) of FY21 ended on September 30, 2021, over the same period of previous fiscal. Profit attributable to owners of parent during the quarter expanded 34.8 per cent to ¥21.6 billion (¥16.0 billion).

Gross profit improved to ¥139.6 billion (¥126.2 billion), and company’s operating income marginally rose to ¥31.4 billion (¥31.0 billion).

 

Teijin Ltd, a Japanese manufacturer of carbon fibre

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