Home / Knowledge / News / Apparel/Garments / Groupe Bikini Village H1 sales down 14.7%
Groupe Bikini Village H1 sales down 14.7%
13
Sep '13
In the second quarter of 2013, Groupe Bikini Village inc.'s sales declined compared to the second quarter of 2012. Market conditions remained difficult during the quarter, despite a favourable shift in the timing of the quarter caused by the 53rd week in the Corporation's fiscal 2012.

2013 second quarter and first six-month period results

Net sales for the second quarter and the first six-month period of fiscal 2013 were $11.4 million and $19.9 million, respectively, compared to $13.6 million and $23.3 million in the corresponding periods the previous year.

Sales decreased 14.7% in the first half of 2013. Due to the 53rd week in fiscal 2012, the comparable sales results (which compares sales from the same number of stores year-over-year) for the second quarter and the first half of fiscal 2013 are compared to 13- and 26-week periods ending August 4, 2012 as opposed to July 28, 2012.

Comparable sales, which compare the sales from the same number of stores year-over-year, decreased by 18.8% for the quarter and 13.4% for the six-month period, due to difficult market conditions for a swimwear retailer - in particular, unfavourable weather conditions and aggressive competition.

The Corporation reports an operating margin (EBITDA(1)) for the second quarter of $256,000 and an operating loss (EBITDA(1)) of $489,000 for the first six-month period of 2013, compared to operating margins (EBITDA(1)) of $1.5 million for the second quarter and $1.7 million for the first half of the previous year.

The decrease in the operating margin is due to lower sales volume caused by unfavourable weather conditions, and a decrease in gross margins owing to increased promotional activities.

For the quarter ended August 3, 2013, the Corporation's net loss was $133,000 (($0.07) per share, basic and diluted), as compared to net earnings of $748,000 ($0.39 per share, basic and diluted) for the same quarter in the previous year. For the six-month period ended on that date, net loss totalled $992,000 (($0.52) per share, basic and diluted), as compared to net earnings of $448,000 ($0.23 per share, basic and diluted) in the same period in 2012.

Groupe Bikini Village

Groupe Bikini Village inc., serving Canadians for more than a quarter-century, is a leader in the retail sale of beachwear products, with a network of new and renovated boutiques across Eastern Canada.

In its bright and inviting stores with comfortable change rooms and knowledgeable staff, Groupe Bikini Village helps its customers choose from among Canada's widest selection of swimsuits, beach and cruise wear and accessories, in the most popular brands the industry has to offer and in styles to suit every figure. Headquartered in Sainte-Julie, Quebec, Groupe Bikini Village operates 55 stores and employs approximately 450 people; its securities trade on the Toronto Stock Exchange under the stock symbol GBV.

Groupe Bikini Village


Must ReadView All

AAFA hails passage of Miscellaneous Tariff Bill in US House

Apparel/Garments | On 24th Jan 2018

AAFA hails passage of Miscellaneous Tariff Bill in US House

The American Apparel & Footwear Association (AAFA) has applauded the...

India’s yarn, fabrics, made-ups imports rise 20% in Dec

Textiles | On 24th Jan 2018

India’s yarn, fabrics, made-ups imports rise 20% in Dec

India’s imports of yarn, fabrics and made-up articles during December ...

India’s Liberty Shoes plans adding 50 stores by 2019

Apparel/Garments | On 24th Jan 2018

India’s Liberty Shoes plans adding 50 stores by 2019

Indian footwear major Liberty Shoes is preparing to open about 50...

Interviews View All

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search