Duluth Holdings DLTH reported a fourth-quarter FY23 sales increase of 1.6% Y/Y to $245.6 million, beating the consensus of $242.5 million. Revenue benefits from higher conversion rates and greater mobile penetration. Retail store net sales decreased by 12.2% Y/Y to $73.4 million, and Mobile net sales grew 20.0% Y/Y in the quarter. Women’s apparel net sales rose 12.4% Y/Y on double-digit growth across Duluth and AKHG brands. Gross margin decreased to 48.2% from 51.2%, and the gross profit fell 4.4% to $118.4 million, primarily due to a lower mix of full-price sales. EPS of $0.21 missed the analyst consensus of…
Tag: apparel clothing
Iconic California Designer Sue Wong Celebrated in Style
Sue Wong Models Anna Gupta & Jazzika Kile; Honoree, Fashion Designer Sue Wong; Chairwoman Yu-Sai Kan. | Photo by Sheri Determan Christian Chensvold, Associate Editor | Wednesday, March 6, 2024 Photo by Sheri Determan Visionary California designer Sue Wong was recently honored at the third annual “Outstanding Asian American Women Who Dared” charity event, held Feb. 27 at the Taglyan Complex in Los Angeles. The event was co-presented by the China Institute in America and the Yue-Sai Kan One World Foundation and chaired by Yue-Sai Kan, celebrated by People magazine as “the most famous woman in China.” Wong’s speech was…
Red Bull announces $200m record-breaking apparel deal | F1
Red Bull and sportswear brand Castore have announced an extension to their partnership which they describe as “record-breaking”. The deal is “worth in excess of $200m” and is the “largest ever apparel partnership in Formula 1 with regard to longevity and value”. It is “the single largest commitment by duration and value of a sportswear brand in the history of motorsports”. Red Bull and Castore first became partners two years ago. Drivers Max Verstappen and Sergio Perez wear Castore clothing in the F1 paddock as part of their Red Bull attire. Castore says their clothing “uplifts athletes with the edge…
Oracle Red Bull Racing and Castore sign record-breaking $200 million apparel deal
The Formula 1 giant, Oracle Red Bull Racing has announced an extension of its partnership with the premium sportswear brand Castore. The newly unveiled pact is the largest apparel deal in F1 history, both in terms of duration and value. The agreement, worth over $200 million, sees Castore remaining the official high-performance apparel supplier for the six-time Constructors’ Champions, providing racewear, training gear, and official merchandise for drivers, personnel, and Red Bull Academy members. Fans will continue to have access to the same teamwear through Oracle Red Bull and Castore’s online stores and at racetrack retailers. The initial partnership between…