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Inter Parfums, Inc. Reports 2023 First Quarter Net Sales

Retrieved on:

Wednesday, April 19, 2023

Cosmetics, Retail, MCM, Boucheron, Oscar de la Renta, COVID-19, Montblanc, Growth, Abercrombie, Salvatore Ferragamo S.p.A., GUESS, ERP, Lacoste, Abercrombie & Fitch, DKNY, History, Kate Spade, Fashion design

Jean Madar, Chairman & Chief Executive Officer of Inter Parfums stated, “Net sales for the quarter ended March 31, 2023 were not only a first quarter record but were also the highest for any quarter in our history.

Key Points:

Jean Madar, Chairman & Chief Executive Officer of Inter Parfums stated, “Net sales for the quarter ended March 31, 2023 were not only a first quarter record but were also the highest for any quarter in our history.
Our European operations grew sales by 26% in dollars or 29% in constant currency with our three largest brands generating exceptional growth.
Additionally, sales by several of our mid-sized brands started the year on a strong note, most notably Karl Lagerfeld, Boucheron and Rochas, all of which achieved double-digit sales growth.
With first quarter sales further exceeding our expectations, we are raising our 2023 guidance calling for net sales of $1.25 billion up from $1.2 billion resulting in earnings per diluted share of $4.25 up from $4.00.

rue21 appoints Josh Burris as Chief Executive Officer

Retrieved on:

Monday, March 20, 2023

Growth, Bill Brand, Abercrombie, Abercrombie & Fitch, DKNY, GNC, Cryptocurrency

WARRENDALE, Pa., March 20, 2023 /PRNewswire/ -- rue21, a leading American specialty retailer, today announced the appointment of Josh Burris as its Chief Executive Officer and member of the board.

Key Points:

WARRENDALE, Pa., March 20, 2023 /PRNewswire/ -- rue21, a leading American specialty retailer, today announced the appointment of Josh Burris as its Chief Executive Officer and member of the board.
"I'm honored to be joining rue21 as CEO," said Josh Burris.
"We're thrilled that Josh has agreed to join rue21 as its next CEO," said Vuk Djunic, Partner, Blue Torch Capital.
"Josh has decades of experience transforming popular consumer-facing brands which makes him best equipped to lead rue21 into its next chapter."

Leader in Employment Tax Credit Technology Clarus Solutions Rebrands as Arvo Tech

Retrieved on:

Tuesday, March 7, 2023

Software, Abercrombie & Fitch, Maxwell, Growth, Tax credit, Fox, Uday Chopra, WOTC, Abercrombie, Cryptocurrency, Video game, Online shopping, Arvo, Engineering

COLUMBUS, Ohio, March 7, 2023 /PRNewswire-PRWeb/ -- Today, Arvo Tech (formerly Clarus Solutions), the platform that helps employers transform cashflow by simplifying access to employment tax credit opportunities, is announcing its new name and brand to better represent the company's mission of bringing value to the businesses they work with. In addition, Arvo is reporting a strategic leadership addition as well as upgrades to its online customer portal. These recent changes signify notable momentum for the company and, more importantly, for the SMBs it serves.

Key Points:

Arvo means value in Finnish, and our technology platform helps to streamline reporting with real-time access to tax credit information, so the name is very fitting," said Terracina Maxwell, president & co-founder of Arvo Tech.
His expertise will help Arvo continue to scale and grow through technology solutions and ultimately help more businesses maximize their benefits from tax credit programs.
"Todd's background with well-known companies and business startups to grow and implement new software is a huge asset for Arvo Tech as tax credit technology continues to change and evolve," said Maxwell.
Arvo Tech monitors state and federal employment tax credit programs and has helped companies secure over $575MM in incentive dollars.

Thor Equities Group Signs Lease with Abercrombie & Fitch at 139 Fifth Avenue

Retrieved on:

Wednesday, March 1, 2023

Southeastern United States, Thor, Fox Business, Hollister, Fifth Avenue, Varney & Co., Abercrombie Kids, Abercrombie & Fitch, Abercrombie, Fashion design, Nightclub, Flatiron

New York, NY, March 01, 2023 (GLOBE NEWSWIRE) -- Thor Equities Group, a global leader in urban real estate development, leasing, and management, today announced it has signed a long-term lease with iconic American apparel and accessories retailer, Abercrombie & Fitch, at 139 Fifth Avenue in Flatiron.

Key Points:

New York, NY, March 01, 2023 (GLOBE NEWSWIRE) -- Thor Equities Group, a global leader in urban real estate development, leasing, and management, today announced it has signed a long-term lease with iconic American apparel and accessories retailer, Abercrombie & Fitch, at 139 Fifth Avenue in Flatiron.
With 770 stores in operation across North America, Europe, Asia, and the Middle East, Abercrombie & Fitch is committed to creating comfortable, quality collections of apparel and accessories.
At 139 Fifth Avenue in Flatiron, Abercrombie & Fitch will occupy a total of 6,750 square feet across the ground floor and lower level and benefit from 30 feet of frontage on Fifth Avenue.
Their decision to open their second location in Manhattan at 139 Fifth Avenue is representative of the neighborhood’s allure and we cannot wait to see what they have planned,” said Executive Vice President of Thor Equities Group, Jack J. Sitt.

CLO Virtual Fashion Holds User Summit for Fashion's Leaders and Innovators Across Americas

Retrieved on:

Wednesday, March 1, 2023

CONNECT, Abercrombie, Ecosystem, Senior, Nike, FIDM, 3D, School, L.L.Bean, CLO, Environment, Business development, Multimedia, API, Fashion design, Video game, Calypso, SCAD

Held in Los Angeles, around 100 leaders from future-thinking apparel brands and fashion schools across the Americas attended to share insights and experience interactive networking to grow with CLO solutions.

Key Points:

Held in Los Angeles, around 100 leaders from future-thinking apparel brands and fashion schools across the Americas attended to share insights and experience interactive networking to grow with CLO solutions.
New York, March 1, 2023 /PRNewswire/ -- CLO Virtual Fashion, the world's leading digital fashion solutions provider, successfully held its Enterprise User Summit in Los Angeles on February 16, 2023.
"Our user summits aim to create a welcoming environment for CLO users to network with others in the space, provide feedback and learn from CLO designers, and generate new ideas around collaborating and utilizing CLO."
CLO holds events to support its users all over the globe, with recent user summits held in Seoul, Munich, and Tokyo.

Inter Parfums, Inc. Reports Record 2022 Fourth Quarter and Full Year Results

Retrieved on:

Tuesday, February 28, 2023

At comparable foreign currency exchange rates, consolidated fourth quarter net sales increased 57% from the fourth quarter of 2021, and for the year as a whole, consolidated 2022 net sales increased 30% from 2021.

Key Points:

At comparable foreign currency exchange rates, consolidated fourth quarter net sales increased 57% from the fourth quarter of 2021, and for the year as a whole, consolidated 2022 net sales increased 30% from 2021.
GUESS brand sales rose by 24%, Oscar de la Renta by 19%, Abercrombie & Fitch by 28%, and Hollister by 16%.
Newer brands such as Ferragamo were included for all of 2022, but only in the final quarter of 2021.
Management will conduct a conference call to discuss financial results and business developments at 11:00 am ET on Wednesday, March 1, 2023.

Ken Robinson Elected to Occidental Board of Directors

Retrieved on:

Wednesday, February 22, 2023

HOUSTON, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE:OXY) announced today that Ken Robinson, who currently serves on the Boards of Directors for Abercrombie & Fitch, Paylocity and Morgan Stanley U.S. Banks, and formerly served as Senior Vice President of Audit and Controls at Exelon Corporation, has been elected to its Board of Directors, effective as of February 16, 2023.

Key Points:

HOUSTON, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE:OXY) announced today that Ken Robinson, who currently serves on the Boards of Directors for Abercrombie & Fitch, Paylocity and Morgan Stanley U.S. Banks, and formerly served as Senior Vice President of Audit and Controls at Exelon Corporation, has been elected to its Board of Directors, effective as of February 16, 2023.
"Ken's impressive 40 plus-year career consists of senior leadership roles within global finance and accounting, enterprise risk, ethics, and compliance," said Jack Moore, Independent Chairman of the Board.
Mr. Robinson also serves as a Trustee of the International Financial Reporting Standards Foundation.
Mr. Robinson has a Bachelor of Science from Mississippi State University and a Master of Business Administration from the University of Memphis.

Birdy Grey Announces Steve Zawada as COO

Retrieved on:

Wednesday, February 22, 2023

Deirdre Quinn (entrepreneur), Growth, CFO, Best, Woman, Limited, Abercrombie & Fitch, Award, Abercrombie, Entrepreneurship, Management

LOS ANGELES, Feb. 22, 2023 /PRNewswire/ -- Birdy Grey is proud to announce that Steve Zawada has joined the company as Chief Operating Officer.

Key Points:

LOS ANGELES, Feb. 22, 2023 /PRNewswire/ -- Birdy Grey is proud to announce that Steve Zawada has joined the company as Chief Operating Officer.
Grace Lee, Founder and CEO of Birdy Grey, says, "We are thrilled to have Steve join Birdy Grey as COO.
Monica Ashauer, Co-Founder and COO of Birdy Grey, says, "Handing over the operational reigns to a seasoned leader like Steve is a game changer for Birdy Grey.
The Birdy Grey team has built a successful e-commerce business with so many new opportunities yet to come."

Abercrombie & Fitch Co. Announces Election of Helen Vaid to its Board of Directors

Retrieved on:

Friday, February 17, 2023

Yum, Abercrombie & Fitch Co. v. Hunting World, Inc., Rest, Abercrombie, Hewlett Packard Enterprise, NYSE, Pizza Hut, ANF, Walmart, Groupon, Vaidya, Female, Fashion design, Management

NEW ALBANY, Ohio, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF), a leading, global omni-channel specialty retailer of apparel and accessories, today announced the election of Helen Vaid as an independent director, effective February 16, 2023.

Key Points:

NEW ALBANY, Ohio, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF), a leading, global omni-channel specialty retailer of apparel and accessories, today announced the election of Helen Vaid as an independent director, effective February 16, 2023.
Ms. Vaid, 51, was most recently the Chief Executive Officer of Foundry Brands, a digitally native brand platform.
In that role, which she held until February 2023, she was responsible for accelerating the omni-channel growth of Foundry’s suite of consumer brands across a range of product categories.
“I am thrilled to join Abercrombie & Fitch Co.’s Board of Directors,” said Vaid.

Inter Parfums, Inc. Reports Record 2022 Fourth Quarter and Full Year Net Sales

Retrieved on:

Monday, January 23, 2023

In the final quarter of the year, our four largest brands, Montblanc, Jimmy Choo, Coach and GUESS?

Key Points:

In the final quarter of the year, our four largest brands, Montblanc, Jimmy Choo, Coach and GUESS?
generated sales gains of 50%, 78%, 82% and 28%, respectively, compared to the same period one year earlier.
Many of our other fragrance brands also achieved stellar comparable quarter growth.
For 2022 as a whole, our European operations grew sales by 26% in euro or 12% in dollars.