Interviews
News Flash
DFBG sees 16% net sales rise in 2017 1st half
24 Aug '17
2 min read
Courtesy: Differential Brands
The net sales of Differential Brands Group Inc (DFBG), a portfolio of global premium consumer brands Hudson Jeans, Robert Graham and SWIMS, for the first six months in calendar year 2017 increased by 16 per cent to $76.6 million. This includes a 17 per cent rise in wholesale segment sales and a 12 per cent increase in consumer direct segment sales.
The gross profit was $34.8 million compared to $28.8 million for the first six months in 2016, according a press release from the company, which recently announced its second-quarterly and half-yearly financial results.
Operating expenses during this six-month period was $35.4 million compared to $33.7 million for the same period of the previous year. Selling, general and administrative expenses as a percentage of net sales decreased to 42.2 per cent from 46.3 per cent in the first six months of 2016.
Operating losses were $0.5 million compared to $4.9 million for the same period last year.
“In our consumer direct segment, we saw significant growth in our e-commerce channel driven largely by higher conversion rates across our brands as a result of better adoption of our product offerings,” CEO Michael Buckley said.
The company plans to launch ‘Fall 17’ and ‘Spring 18’ brand marketing campaigns for Hudson in August and a much expanded and market-disruptive SWIMS product line.
Hudson is a designer and marketer of women’s and men’s premium denim and apparel and SWIMS is a Scandinavian lifestyle brand best known for its water-friendly footwear, apparel and accessories. (DS)
The gross profit was $34.8 million compared to $28.8 million for the first six months in 2016, according a press release from the company, which recently announced its second-quarterly and half-yearly financial results.
Operating expenses during this six-month period was $35.4 million compared to $33.7 million for the same period of the previous year. Selling, general and administrative expenses as a percentage of net sales decreased to 42.2 per cent from 46.3 per cent in the first six months of 2016.
Operating losses were $0.5 million compared to $4.9 million for the same period last year.
“In our consumer direct segment, we saw significant growth in our e-commerce channel driven largely by higher conversion rates across our brands as a result of better adoption of our product offerings,” CEO Michael Buckley said.
The company plans to launch ‘Fall 17’ and ‘Spring 18’ brand marketing campaigns for Hudson in August and a much expanded and market-disruptive SWIMS product line.
Hudson is a designer and marketer of women’s and men’s premium denim and apparel and SWIMS is a Scandinavian lifestyle brand best known for its water-friendly footwear, apparel and accessories. (DS)
Fibre2Fashion News Desk – India
Popular News
Leave your Comments
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
