Clothes horse

Guess?, Inc. Reports Fiscal Year 2024 Fourth Quarter Results

Retrieved on: 
Wednesday, March 20, 2024
Online Retail, Fashion, Retail, Footwear, Delivery Services, Generation, GES, Entrepreneurship, EPS, CUSIP, Generation Z, Sale, Acquisition, Table, Clothes horse, Note, GAAP, Government, Video game

For the fourth quarter of the fiscal year ended February 3, 2024 (“fiscal 2024”), the Company recorded GAAP net earnings of $115.3 million, a 20% increase from $95.8 million for the same prior-year quarter.

Key Points: 
  • For the fourth quarter of the fiscal year ended February 3, 2024 (“fiscal 2024”), the Company recorded GAAP net earnings of $115.3 million, a 20% increase from $95.8 million for the same prior-year quarter.
  • The Company’s fourth quarter fiscal 2024 results included 14 weeks, while the fourth quarter of the fiscal year ended January 28, 2023 (“fiscal 2023”) results included 13 weeks.
  • For the fourth quarter of fiscal 2024, the Company’s adjusted net earnings were $110.8 million, a 13% increase from $98.2 million for the same prior-year quarter.
  • Total net revenue for the fourth quarter of fiscal 2024 increased 9% to $891.1 million from $817.8 million in the same prior-year quarter.

Destination XL Group, Inc. Hires Real Estate Advisory Firm Beta Agency to Expand Retail Footprint

Retrieved on: 
Wednesday, March 20, 2024
Partnership, DXL, Clothes horse, Tall, Destination XL Group, Retail

CANTON, Mass., March 20, 2024 /PRNewswire-PRWeb/ -- The partnership with Beta Agency is set to enhance DXL's expansion plans, with the opening of nine new stores in 2024. This move is aligned with DXL's commitment to making high-quality, Big + Tall apparel easily accessible to all Big + Tall men.

Key Points: 
  • Destination XL Group, Inc. (Nasdaq: DXLG), the leading retailer specializing in men's Big + Tall apparel, is excited to announce its strategic hiring of the real estate firm Beta Agency, a renowned commercial real estate brokerage known for its expert advisory services.
  • This collaboration marks a significant milestone in DXL's retail growth strategy, aiming to grow the company's footprint in prime locations that resonate with the brand's Big & Tall audience.
  • CANTON, Mass., March 20, 2024 /PRNewswire-PRWeb/ -- The partnership with Beta Agency is set to enhance DXL's expansion plans, with the opening of nine new stores in 2024.
  • "Our partnership with Beta Agency is a game-changer for DXL, enabling us to accelerate our retail footprint buildout with a data-driven approach to retail location strategy."

Vector Expands Advisory Services: Accelerating Time-To-Market for Software-Defined Vehicles

Retrieved on: 
Tuesday, January 9, 2024
Architecture, SDV, ECU, Software, Safety, IVI, Acceleration, HPC, Vector Informatik, Automation, Clothes horse, Engineering

NOVI, Mich., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Vector Informatik is expanding its portfolio and offering more advisory and supporting services to accelerate time-to-market.

Key Points: 
  • NOVI, Mich., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Vector Informatik is expanding its portfolio and offering more advisory and supporting services to accelerate time-to-market.
  • With advisory services, Vector plays an active role in the implementation of SDV solutions.
  • Vector provides advisory services for the different SDV phases from definition through development up to production, while considering automotive quality, safety, and security requirements.
  • Figure 1: Vector is expanding its portfolio and offering more advisory and supporting services to accelerate time-to-market of Software-Defined Vehicles.

Destination XL Group, Inc. Reports Third Quarter Financial Results

Retrieved on: 
Friday, November 17, 2023
EBITDA, Untuckit, Investment, Destination XL Group, Clothes horse, Public expenditure, Comparable, Marketing, Supplement, Shoe, Customer, Total, Growth, Interest, SERP, Human, DXL, Retail, Video game, Security (finance), Payment card, Drug

Total sales for the third quarter were $119.2 million, down 8.1% from $129.7 million in the third quarter of fiscal 2022.

Key Points: 
  • Total sales for the third quarter were $119.2 million, down 8.1% from $129.7 million in the third quarter of fiscal 2022.
  • Comparable sales for the third quarter of fiscal 2023 decreased 6.7% as compared to the third quarter of fiscal 2022.
  • "Despite this challenging quarter, we remain disciplined and committed to the strategy and initiatives of which we have spoken previously.
  • Adjusted EBITDA, a non-GAAP measure, for the third quarter of fiscal 2023 was $8.6 million, as compared to $16.4 million for the third quarter of fiscal 2022.

New DXL Store in Cincinnati Gives Big + Tall Men More Style Options Than Ever Before

Retrieved on: 
Saturday, November 18, 2023
Collection, Nautica, Clothes horse, Destination XL Group, Lucky Brand Jeans, Clothing, Shoe, DXL, Freedom, Retail, Reebok

CANTON, Mass., Nov. 18, 2023 /PRNewswire-PRWeb/ -- The new store in Cincinnati is a game-changing experience for Big + Tall customers, giving them the freedom to shop in a store that offers the largest assortment of brands and styles they want, which are precisely crafted in every big and tall size. Offering a meticulously curated collection, from exclusive designers and brands not found anywhere else, like vineyard vines, Nautica and Reebok, to well-known names like Polo Ralph Lauren, Psycho Bunny, Lucky Brand, and more, DXL stands as the ultimate one-stop shop destination for a wide range of Big & Tall men's clothing, from casual sportswear looks to business casual and dresswear.

Key Points: 
  • Destination XL Group, Inc. (Nasdaq: DXLG), the leading integrated-commerce specialty retailer of Big + Tall men's clothing and shoes, announced today a new store opening in Cincinnati, OH.
  • CANTON, Mass., Nov. 18, 2023 /PRNewswire-PRWeb/ -- The new store in Cincinnati is a game-changing experience for Big + Tall customers, giving them the freedom to shop in a store that offers the largest assortment of brands and styles they want, which are precisely crafted in every big and tall size.
  • "The 'Wear What You Want' campaign embodies this spirit, giving them the freedom to choose their own style without limitations.
  • Plus, all DXL store associates are Certified Fit Experts, trained to provide precise measurements for each guest, ensuring an impeccable fit every time.

Destination XL Group, Inc. Reports Second Quarter Financial Results

Retrieved on: 
Thursday, August 24, 2023
Clothes horse, Employment, Partnership, Destination XL Group, SG, Comparable, Marketing, DXL, Research, Public expenditure, EBITDA, Investment, Corporation, Growth, Shoe, Untuckit, Security (finance), Retail, Video game, Pharmaceutical industry

CANTON, Mass., Aug. 24, 2023 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated-commerce specialty retailer of Big + Tall men’s clothing and shoes, today reported operating results for the second quarter of fiscal 2023, and updated sales and earnings guidance for the fiscal year.

Key Points: 
  • Total sales for the second quarter were $140.0 million, down 3.2% from $144.6 million in the second quarter of fiscal 2022.
  • Comparable sales for the second quarter of fiscal 2023 decreased 1.4% as compared to the second quarter of fiscal 2022.
  • Total sales for the second quarter of fiscal 2023 were $140.0 million, as compared to $144.6 million in the second quarter of fiscal 2022.
  • Adjusted EBITDA, a non-GAAP measure, for the second quarter of fiscal 2023 was $22.9 million, as compared to $25.9 million for the second quarter of fiscal 2022.

Ecommerce Aggregator Society Brands Acquires Wolf Tactical, a High-Performance Tactical Gear Company

Retrieved on: 
Wednesday, May 31, 2023
Knowledge, Entrepreneurship, Partnership, Acquisition, Clothes horse, Love, Society Brand Clothes, Retail

CANTON, Ohio, May 31, 2023 /PRNewswire/ -- Society Brands, an ecommerce aggregator built for and by founders, today announced the acquisition of Wolf Tactical, a high performance tactical gear company based in Fort Lee, New Jersey. Wolf Tactical offers products ranging from EDC Belts and Range Belts to Weighted Vests, Tactical Backpacks and more.

Key Points: 
  • CANTON, Ohio, May 31, 2023 /PRNewswire/ -- Society Brands , an ecommerce aggregator built for and by founders, today announced the acquisition of Wolf Tactical , a high performance tactical gear company based in Fort Lee, New Jersey.
  • Wolf Tactical offers products ranging from EDC Belts and Range Belts to Weighted Vests, Tactical Backpacks and more.
  • "I started Wolf Tactical by myself as a side hustle with very limited knowledge of business and entrepreneurship.
  • The ecommerce aggregator continues to move full speed ahead with optimizing and growing acquired brands while executing long-term goals for the company.

Hunting Hill Digital Launches with Investment from BaseLayer Ventures

Retrieved on: 
Wednesday, May 24, 2023
Technology, NFT, Finance, Banking, Other Technology, Professional Services, Digital Cash Management, Digital Assets, Small Business, Cryptocurrency, Asset Management, Hunting Hill, Entrepreneurship, Risk management, Guren, Ecosystem, Partnership, HHD, Clothes horse

Hunting Hill Digital (“HHD”), an innovative alternative asset manager exclusively focused on digital asset management services and strategies, has launched with an investment from BaseLayer Ventures, an early-stage venture capital firm helping entrepreneurs build businesses essential to the commercialization potential of digital assets and services.

Key Points: 
  • Hunting Hill Digital (“HHD”), an innovative alternative asset manager exclusively focused on digital asset management services and strategies, has launched with an investment from BaseLayer Ventures, an early-stage venture capital firm helping entrepreneurs build businesses essential to the commercialization potential of digital assets and services.
  • As an affiliate of Hunting Hill Global Capital ("HHGC"), HHD brings distinctive infrastructure and operational experience to the digital asset ecosystem.
  • HHD’s growth strategy includes exploration of opportunities in tokenization and NFT asset management, which align with BaseLayer Ventures’ investment mandate.
  • The partnership with BaseLayer Ventures also provides HHD access to a vast network of industry experts and advisors, as well as operational support, strategic guidance, and access to capital markets.

True Religion Names Jim Kushner Executive Vice President, North America Wholesale Sales

Retrieved on: 
Tuesday, May 23, 2023
Fashion, Online Retail, Retail, Luxury, Other Retail, Specialty, Nordstrom Rack, University, Senior, Perry Ellis International, Marketing, Zee, Religion, Business administration, Name, True Religion, Clothes horse, Original Penguin, Growth, Management, Science

True Religion, an iconic American denim and sportswear brand, today announced the appointment of Jim Kushner as Executive Vice President, North America Wholesale Sales, effective May 22, 2023.

Key Points: 
  • True Religion, an iconic American denim and sportswear brand, today announced the appointment of Jim Kushner as Executive Vice President, North America Wholesale Sales, effective May 22, 2023.
  • True Religion expects to double its North American wholesale business over the next three years under Mr. Kushner’s leadership.
  • Mr. Kushner joins True Religion from Perry Ellis International where he served as Executive Vice President, Sales for the Perry Ellis and Original Penguin brands.
  • “Jim’s impressive depth of experience with some of the biggest names in our industry made him the perfect executive to lead True Religion’s North America Wholesale,” Mr. Buckley said.

CAGR of 12.4%, Second-Hand Clothing Market Size, Share, Growth, Latest Trends and Future Demand 2023 To 2029 | ThredUP, Poshmark, The RealReal : Exactitude Consultancy

Retrieved on: 
Friday, March 17, 2023
Online, Culture, GxP, MEA, Recycling, Shop, Clothes horse, Application, Burberry, Growth, The RealReal, Clothing, Textile, Pharmaceutical industry, Retail, Poshmark

PUNE, India, March 17, 2023 /PRNewswire/ -- The Second-Hand Clothing Market is expected to experience significant growth in the upcoming years. This growth can be attributed to several factors, including the increasing awareness about sustainable fashion, the growing trend of "thrifting" or buying second-hand clothing, and the rising popularity of online marketplaces for buying and selling second-hand clothing. 

Key Points: 
  • Browse the full "Second-Hand Clothing Market by Type (Thrift Stores, Resale Platforms) Application (Men's Clothing, Kids Clothing, Women's Clothing) Region (North America, Asia Pacific, Europe, South America, Middle East & Africa), Global Trends and Forecast from 2023 To 2029" Report and TOC at: https://exactitudeconsultancy.com/reports/2688/second-hand-clothing-mark...
    The Second-Hand Clothing Market is segmented By Type, By Application and By Region.
  • Second-Hand Clothing Market by Type, 2020-2029, (USD Million)
    Second-Hand Clothing Market by Application, 2020-2029, (USD Million)
    Geographically, the Second-Hand Clothing Market is segmented into North America, South America, Europe, APAC and MEA.
  • Latin America: The second-hand clothing market is also growing in Latin America, with countries such as Brazil and Mexico seeing significant adoption.
  • Market size and growth: This includes current market size and projected growth rates for the second-hand clothing market, broken down by region and segment.