Retail News Flash vom 8.6.23

News aus dem Handel sachkundig kommentiert "Takko Fashion reports record sales and strong adjusted EBITDA growth for financial year 2022/2023. Solid sales and profit growth compared to prior year and pre-pandemic levels. Adjusted net sales up 17% year-on-year to €1,223 million - fourth quarter saw particularly strong growth, up 21% Highest annual sales in the history of Takko Fashion. Several important projects in the 2022/2023 financial year contributed to this success, including the digital Takko Fashion customer loyalty programme ""Takko Friends"" introduced at the beginning of 2022, promotions around Takko Fashion's 40th anniversary and the successful relaunch of the online shop. In April 2023, Takko Fashion announced that the company had reached an amicable agreement with its shareholder, banks and bondholders on a new improved capital structure. Following the successful implementation of the agreement, this will reduce the company's liabilities by more than 250 million euros and extend the credit terms by a further three years until 2026. Takko Fashion is thus ideally positioned to continue successfully implementing its three-pillar growth strategy. This focuses on expansion in the European core markets, increasing sales in existing shops and the continued successful linking of online and bricks-and-mortar business. Adjusted EBITDA of €156 million and a margin of 13% represent 26% year-on-year growth Solid available liquidity of 82 million euros at pre-pandemic levels New improved capital structure through consensual agreement between banks, bondholders and shareholder leads to significant reduction in debt, strengthened financing structure and extended debt maturities until 2026 when implemented" "Three months ago, the US retail group Macy's reported that it had exceeded its own profit forecast in the fourth quarter of the 2022/23 financial year. The current results therefore ensured that the share price immediately rose by more than ten percent. The figures for the full financial year, which ended on 29 January, were mixed, as expected, given the difficult operating environment. The parent company of the retailers Macy's, Bloomingdales and Bluemercury achieved a turnover of 24.4 billion US dollars (23.1 billion euros) and thus only just missed the level of the previous year (-0.1 percent). However, higher price discounts and cost increases led to a significant drop in profits. Operating profit fell by 26 per cent to 1.73 billion euros. Now 3 months later, the group has recovered its results In the first quarter, turnover was 7.0 per cent below the level of the same quarter last year. The company had anticipated economic pressures from consumers, but from late March onwards demand trends continued to deteriorate"", CEO Jeff Gennette admitted. As a result, the retailer decided to offer higher discounts in the second quarter to boost sales of surplus spring merchandise." Why are we reporting on this? Because another American group also reported a drop in sales for the first quarter. GAP: In the 13 weeks to 29 April, group sales totalled $3.23 billion (3.05 billion euros), down six per cent on the same quarter last year. According to the company, in addition to adverse economic conditions, the January sale of the Gap brand's China business and the discontinuation of the Yeezy Gap line contributed to the decline." Lululemon Athletica Inc to smash results as weahlty customer base keeps buying the price athleisure wear. Shares have risen by 13%. """3rd May 2023, from Paris to the world — Lacoste kicks off its 90th anniversary. 90 years of the iconic Crocodile. 90 years defining French fashion sport. 90 years of movement born on the court, growing from sport to street""" """The Düsseldorf textile retail chain Peek & Cloppenburg opened a ""Conscious Fashion Store"" at Potsdamer Platz in Berlin on 19 May. This is to offer customers a wide selection of brands ""that take their