×
6 413
Fashion Jobs
DR. MARTENS
Employee Relations Manager UK & eu
Permanent · LONDON
NEXT
Stock Coordinator - Lincoln Valentine Retail Park
Permanent ·
HARVEY NICHOLS
Facilities Manager
Permanent · LEEDS
FRASERS GROUP
Performance Marketing Manager
Permanent · STRETFORD
RAINS
Category Sales Manager, Bags And Accessories, UK
Permanent · LONDON
PRIMARK
Retail Construction Project Manager
Permanent · READING
ASOS
Finance Manager
Permanent · LONDON
L'OREAL GROUP
Lancôme, Deputy Business Manager, 1.0, Peter Jones London
Permanent · London
L'OREAL GROUP
Kiehl's Solo Account Manager, 1.0, Tunbridge Wells
Permanent · Royal Tunbridge Wells
NEXT
Sales Manager - Nottingham Giltbrook
Permanent · NOTTINGHAM
NEXT
Delivery Coordinator - Icon o2 Clearance
Permanent · LONDON
NEXT
Delivery Manager - Glasgow
Permanent · GLASGOW
NEXT
Delivery Coordinator - Newry Quays
Permanent · NEWRY
NEXT
Van Driver - Manchester Trafford
Permanent · MANCHESTER
ESTÉE LAUDER
Tom Ford - Assistant Business Manager - Harrods - 37,5hrs
Permanent · London
DR. MARTENS
Retail Operations Coordinator
Permanent · SHANG HAI SHI
EVERLAST GYMS
General Assistant (Cleaning Team) - Everlast Gyms
Permanent · CARLISLE
FLANNELS
Management Opportunities - Flannels
Permanent · CHESHUNT
FRASERS GROUP
Warehouse Training Partner - Evening/Back Shift
Permanent · SHIREBROOK
FRASERS GROUP
Warehouse Training Partner - Night Shift
Permanent · SHIREBROOK
CRAIG GREEN
Product Manager
Permanent · LONDON
JOHN LEWIS
7.5t c1 Driver Installer
Permanent · THEALE
Ads
Published
Nov 15, 2018
Reading time
2 minutes
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Centric Brands sees losses widen, sales drop

Published
Nov 15, 2018

Centric Brands, known until recently as Differential Brands Group, released its third-quarter 2018 results on Wednesday, posting widening losses due to a net sales decline. 

A strong net sales growth in the consumer direct segment of 13.6 percent was offset by a net sales decline of 12.3 percent in its wholesale segment - Facebook: Robert Graham


The company’s total net sales for the three months ended September 30, 2018, decreased 6 percent from the same quarter last year to $39.8 million. A strong net sales growth in the consumer direct segment of 13.6 percent was offset by a net sales decline of 12.3 percent in its wholesale segment due to reductions at the company’s Hudson and Robert Graham brands. 
         
By contrast, direct-to-consumer sales saw a jump in the quarter of 20.6 percent and a retail stores net sales jump of 9.4 percent, which was led by outlet store net sales growth of 13.8 percent and full price store net sales growth of 5.9 percent.
 
Still, overall, falling sales contributed to widening losses at Centric Brands, which reported a net loss and loss per share of $10.6 million and $0.89 per share, compared to $0.2 million and $0.12 per share, posted in the same period in the previous year.

Adjusted EBITDA for the third quarter of 2018 was $2.3 million as compared to $3.2 million for the same quarter last year. 
 
The company completed the acquisition of a significant portion of Li & Fung-owned Global Brands Group Holding Limited’s American licensing business at the end of October. 
 
The acquisition, which closed with a purchase price of $1.2 billion, added a slew of high-profile licenses to the new Centric Brands’ portfolio, including Calvin Klein, Under Armour, Tommy Hilfiger and Kate Spade, as well as entertainment properties such as Disney, Marvel and Nickelodeon.

Copyright © 2023 FashionNetwork.com All rights reserved.