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Esprit posts $460 million loss in ‘distressing’ year

Inside Retail

Operating expenses were HK$5 billion, up 44 per cent on the prior year, which was attributed to the reversal of the provision for inventories and impairment losses. Revenue from e-commerce, wholesale and retail all dropped by 14-20 per cent, while licensing sales remained relatively stable.

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Esprit posts $300 million loss in ‘distressing’ year

Inside Retail

Operating expenses were HK$5 billion, up 44 per cent on the prior year, which was attributed to the reversal of the provision for inventories and impairment losses. Revenue from e-commerce, wholesale and retail all dropped by 14-20 per cent, while licensing sales remained relatively stable.

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Maximizing Profitability: How to Improve 4 Key Areas of the CPG Product Lifecycle

Retail TouchPoints

Consumer packaged goods (CPG) companies are obsessed with two things: maximizing revenue and minimizing operational expenses. Of the 30,000 new consumer products released each year, most of them fail. Most refer to the process as a sprint, and it is — except it’s the distance of a marathon. More effective promotions.

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Balancing Customer Loyalty in an Age of Growing Business Costs

Retail TouchPoints

But the resilience of the American consumer prevented an all-out economic disaster. Time and time again, consumers kept the economy chugging along despite the bleak forecasts from leading economists. Treasury, but even as that money faded, lockdowns hurt retailers and inflation took hold, consumers took it in stride and kept spending.

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Bad debt blowout fuels massive Afterpay loss

Inside Retail

The company’s operating expenses – in particular its bad debts – ballooned out from $72.1 Other rising expenses included a higher commitment to marketing the brand. Afterpay, Australia’s largest buy now, pay later company now owned by US firm Block, has reported a massive pre-tax loss of $501.9 million a year ago to $176.8

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Wish Sold to Asian Ecommerce Platform Qoo10 for $173 Million

Retail TouchPoints

“By combining our operating expertise and Wish’s technology and data science capabilities , we expect to drive greater success for merchants while providing an even greater marketplace for consumers globally.” The very next month Temu debuted in the U.S.

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First-quarter sales, profit fall short at CVS

Mass Relators

billion in the quarter, the company said, reflecting growth in its health care benefits and pharmacy and consumer wellness segments. That compares with net income of $2.14 billion in the year-earlier period. Revenue increased 3.7% Pharmacy claims processed decreased 21.2% on a 30-day equivalent basis , reflecting the loss of a large client.

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