• Aritzia reports strong Q2 revenue, profit growth

    9 days ago - By Fashion United

    Image: Aritzia, Facebook
    Canadian womenswear brand Aritzia has reported surging sales as it continues to recover from the pandemic.
    In the three months to August 29, net revenue came in at 350.1 million dollars - that's a 74.9 percent increase from last year and a 45.1 percent increase from two years ago.
    The retailer said the revenue growth reflected accelerated momentum across all geographies and all channels.
    E-commerce increased to 130.4 million dollars - up 48.7 percent from Q2 2021 and 171.1 percent from Q2 2020. It comprised 37.3 percent of net revenue in the quarter.
    Meanwhile...
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  • Pepco Group reports like-for-like sales growth of 6.5 percent

    10 days ago - By Fashion United

    Image: Poundland, Pepco Group
    European variety discount retailer, Pepco Group, in its update for the financial year ending September 30, 2021 said that full year revenue of 4,122 million euros, rose 19.4 percent year on year led by 29.2 percent growth at Pepco.
    The company reported total like-for-like sales growth of 6.5 percent including 10.2 percent growth in the fourth quarter and 9.8 percent for the full year at Pepco and 1 percent in Q4 and 3.1 percent for the full year at Poundland / Dealz.
    “We delivered another strong trading performance and made good progress against our strategic...
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