Home / Knowledge / News / Apparel/Garments / Garment retailer Body Central Q2FY15 sales plunge 24.8%
Garment retailer Body Central Q2FY15 sales plunge 24.8%
02
Sep '14
Net revenues for the fiscal second quarter ending June 28, 2014, plunged 24.8 percent from a year earlier at Body Central, a multi-channel & specialty clothing retailer.

Body Central said its net revenues for the second quarter of 2014 declined 24.8% to $56.5 million from $75.1 million, it posted in the second quarter of 2013.

Retail store sales fell 22.2 percent year-on-year to $52.0 million in the thirteen weeks to June 28, mainly from comparable-store sales falling 22.6 percent.

While, direct sales dipped 46.3 percent to $4.4 million in second quarter of 2014 from $8.3 million in the same quarter last year.

Body Central posted a loss from operations of $21.6 million against $15.2 million for the second quarter in 2013.

It said, loss from operations include non-cash charges of $1.9 million to long-lived fixed assets and a $3.7 million impairment charge of its trade name.

For the second quarter of 2013, Body Central had a non-cash charge of $10.4 million against the company's goodwill.

Excluding these non-cash charges in either period, its loss from operations touched $16.0 million for the thirteen weeks ended June 28, 2014 against $4.8 million in comparable period of 2013.

Net loss in the period under review was $21.0 million, or a negative $1.28 per diluted share compared to net loss of $12.8 million, or a negative $0.78 per diluted share, a year earlier.

Cash and cash equivalents were $4.4 million in second quarter of 2014 compared to $31.5 million at the end of second quarter in prior year.

Body Central had $7.7 million outstanding on its revolving credit facility as of June 28, 2014.

Its average per store inventory at cost fell 32.6 percent and average per store inventory units too declined 18.0 percent from a year earlier.

Body Central said it closed 7 stores during the second quarter and operated 275 stores as of June 28, 2014.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 24th Aug 2016

Myanmar & South Korea JV to set up 500-acre garment facility

Myanmar based Olympus Asia Group and South Korea’s Panko Corporation...

Textiles | On 24th Aug 2016

Textile minister seeks feedback on Surat weaver’s issues

Following issues raised by Surat weavers associations at a meeting...

Textiles | On 24th Aug 2016

Mayer & Cie to introduce Spinit 3.0 E at ITMA Asia

German textile technologies producer Mayer & Cie will introduce the...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson
TissueGen

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
August 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search