Differential Brands’net sales reaches US $ 42 million | Retail News USA
Home » News » Retailers News » Differential Brands Net Sales Reaches Us 42 Million

Differential Brands’ net sales reaches US $ 42 million

Share: 
      Newsletter

READ MORE ON Apparel RetailerDifferential BrandsFinancial ReportRetailer News USA

Differential BrandsUS-based Differential Brands Group, which owns various fashion brands, has announced its  fourth quarter and full year financial reports for the year 2016.

The company posted an increase of 108 per cent to US $ 42.0 million and 179 per cent in net  sales and wholesale segment, respectively in its fourth quarter of the year. With the surge of  34 per cent in consumer segment sales, the brand’s gross profit reflects the increase of US $  21.8 million from US $ 12.1 million, and adjusted EBITDA was US $ 2.1 million.

Robert Graham’s shift to fashion basics was well received in the fourth quarter in both  wholesale and retail. Hudson Jeans achieved comparable sales growth due to improved  product quality and fit; besides, Differential completed the integration of Swims during the  quarter.

Also ReadIconix Brand reports a dull fourth quarter

For the full year 2016, the company registered the spate of 104 per cent and 163 per cent in  net sales revenue and wholesale sales revenue, respectively. Consumer direct sales also  increased by 29 per cent and gross profit was 79.5 per cent which also includes the gross  profit of Hudson Jeans and Swims which is approximately US $ 37.2 million.

Michael Buckley, Chief Executive Officer, Differential Brands Group commented, “We are  pleased with the progress we are making on a number of initiatives designed to drive  organic growth across our brands. This includes enhancing product offerings and improving  product sourcing across all brands, making strategic and swift investments in e-commerce,  consolidating operations into a single platform enabling us to leverage talent and expenses,  and building a world class leadership team.”

 

Have some news? Let us know on news@apparelresources.com

Recommended by Apparel Resources

India’s CCI approves deal involving Future Lifestyle Fashion

India’s Competition Commission has approved a deal to allow Future Lifestyle Fashion (FLFL) to transfer a section of its apparel marketing business.  Apparel...

Shoppers Stop inks deal with ToneTag to improve its digitisation

To improve its digitisation play across its stores, India-based retail chain Shoppers Stop has inked deal with proximity communications firm ToneTag to deploy...

Ben Sherman to open first full-price shop at Liverpool

The UK-based menswear brand, Ben Sherman, is going to launch its first full-price store at Liverpool. This new store which is covering 1,755...

MANGO opens new flagship store in Madrid

With an aim to consolidate its presence in Spain, fashion retailer MANGO has unveiled its new flagship store in Madrid. MANGO, founded in...

Diesel to launch its first mono-brand store in Myanmar

Italian apparel brand Diesel is venturing into Myanmar with its first mono-brand outlet at Yangon International Airport. The first Asian travel retail store...

Ted Baker sees surge in US, Canada sales; looks for expansion

Luxury clothing retailer Ted Baker has noted growth in its revenue of 16.4 per cent to Euro 531 million. The brand also saw raise in its pre-tax profit of 12...

Kraig Biocraft Laboratories Awarded Investment Certificate in Vietnam

ANN ARBOR, Mich., March 27, 2017 (GLOBE NEWSWIRE) -- Kraig Biocraft Laboratories, Inc. (OTCQB:KBLB) (“Company”), the leading developer of spider silk based fibers, announced today that it has just been...

Macy’s, G-III sign deal for DKNY women’s apparel and accessories

Macy's Inc., one of the USA's premier retailers, and G-III Apparel Group Ltd., a leading manufacturer and distributor of apparel and accessories under...

Walmart to grow its footprint in India; open 50 new stores

US-based leading multinational corporation Walmart has decided to expand its footprint in India by opening 50 new stores in next three to four...

PVH Corp. inks deal with Li & Fung Limited

PVH Corp., one of the largest apparel companies in the world, has entered into agreements with Hong Kong-based Li & Fung Limited, world...