Home / Knowledge / News / Apparel/Garments / dELiA*s Q4 FY13 revenue plummets 34.2%
dELiA*s Q4 FY13 revenue plummets 34.2%
19
Feb '14
dELiA*s, Inc., a multi-channel retail company primarily marketing to teenage girls, announced preliminary results for its fourth quarter of fiscal 2013.
 
dELiA*s, Inc. results for all periods presented reflect its former Alloy business as a discontinued operation. All financial results in this press release are for continuing operations only unless otherwise stated.
 
Please note that the fourth quarter of fiscal 2013 contained 13 weeks, while the fourth quarter of fiscal 2012 contained 14 weeks. While the audit of the Company’s 2013 results will not be completed until earnings are fully announced, for the fourth quarter fiscal 2013:
 
-Total revenue decreased 34.2% to $35.4 million as compared to $53.7 million in the fourth quarter of fiscal 2012. Revenue from the retail segment decreased 33.0% to $22.0 million, including a comparable store sales decrease of 26.9%. Revenue from the direct segment decreased 36.0% to $13.4 million.
-Consolidated gross margin is expected to be between 7.0% and 8.0% compared to 29.6% in the prior year quarter.
-Loss from continuing operations is expected to be between $17.0 million and $18.0 million. This does not include any potential non-cash impairment charges.
-Total net inventories were $19.6 million at year end compared to $24.8 million at the end of the prior year.
-Additionally, the Company ended the 2013 fiscal year with $3.2 million of cash and cash equivalents and $14.5 million in borrowings under its revolving credit facility.
 
Tracy Gardner, Chief Executive Officer, commented, "We remain in the early stages of our turnaround and we believe the headwinds that continue to pressure the retail industry hampered our progress in the fourth quarter. That said, we continued to make progress in executing on key initiatives that we believe will drive improved performance in our business longer term. 
 
We significantly reduced inventory levels in underperforming legacy merchandise during one of the most challenging retail environments we have seen in several years. We also saw highly encouraging green shoots in the new Spring merchandise that delivered toward the end of the quarter.
 
While small wins thus far, we strongly believe that the steps we are taking to rejuvenate the business are putting dELiA*s on the path to recovery. Our strengthened capital structure with the recent offering should provide the support necessary to execute on our long term plans.”
 
About dELiA*s, Inc.
dELiA*s, Inc. is a multi-channel retail company primarily marketing to teenage girls. It generates revenue by selling apparel, accessories and footwear to consumers through its website, direct mail catalogs and mall-based retail stores.
 

dELiA*s


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Divvya and Nidhhi Gambhir
Walnut

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

September 2017

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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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