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

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Eric Scholler
Groz-Beckert

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mark Paterson
Technical Absorbents Ltd

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

July 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

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

Yes No

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

Yes No

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


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



X