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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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Scentre Group increases security across Westfield malls

Inside Retail

. “Our decision to increase security across the portfolio and provide financial support to our business partners following the tragedy at Westfield Bondi will result in an increase in operating expenses in 2024,” said Elliott Rusanow, Scentre Group CEO. cents per security for this year, representing a 3 per cent to 5.4

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Frank And Oak Lowers Retail Operating Costs by 47% After Switching to Shopify POS

Shopify

Learn how one of Canada's leading apparel retailers reduced their operating expenses and boosted sales after making the switch to Shopify POS.

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Grove Collaborative’s DTC active customers decline amid profitability focus

Retail Dive

Operating expenses dropped 38.5% in Q3 and the company's new CEO Jeff Yurcisin told Retail Dive that reining in marketing spend is the right long-term decision.

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Rent the Runway to Cut Corporate Staff by 24% After Q2 Active Subscriptions Drop

Retail TouchPoints

million , it expects to save $25 million to $27 million in operating expenses during FY 2023. “We The restructuring plan focuses mainly on a reduction in workforce, with some closures of open roles and reduced backfills, as Rent the Runway reorganizes to focus on customer experience and company growth.

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The Home Depot launches $500M cost-savings plan

Retail Dive

Savings will focus on fixed operating expenses like supply chain holding capacity amid a decline in sales.