Home / Knowledge / News / Apparel/Garments / Q2FY15 revenue plunges 22.4% at clothing retailer dELiA*s
Q2FY15 revenue plunges 22.4% at clothing retailer dELiA*s
Sep '14
Revenue plunged 22.4% year-on-year at NASDAQ-listed dELiA*s, Inc., an omni-channel retail company primarily marketing to teenage girls in the second fiscal quarter ending August 2, 2014.

Total revenues declined 22.4% to $25.7 million in the second quarter of 2014 from $33.2 million in the second quarter of 2013. Comparable store sales too fell 12.4%.

In the second quarter of 2014, gross profit as a percentage of sales stood at 17.1% down from 20.9% in the prior year quarter, which dELiA*s attributed to the deleveraging of occupancy, merchandising and distribution costs.

Selling, general and administrative (SG&A) expenses reached $17.6 million, or 68.2% of revenues, in the second quarter of fiscal 2014 compared to $17.2 million, or 51.9% of revenues, in the prior year period.

dELiA*s said the rise in SG&A expenses is mainly as a result of marketing initiatives related to its social media and e-commerce business as well as stock-based compensation expense.

The operating loss for the second quarter of fiscal 2014 rose to $12.9 million compared to a loss of $10.1 million in the prior year comparable quarter.

Loss from continuing operations grew to $13.6 million in the period under preview against loss from continuing operations for the second quarter of 2013 of $11.1 million.

dELiA*s said it opened one store location and closed five store locations during the second quarter of fiscal 2014, ending the period with overall count of 95 stores.

At the end of the second quarter of 2014, cash and cash equivalents decreased to $3.1 million compared with $4.2 million at the end of the second quarter of 2013.

At the end of the second quarter of 2014, dELiA*s had restricted cash of $8.3 million to support outstanding letters of credit.

Availability under the apparel retailers’ credit facility with Salus Capital was $16.0 million as of the end of the second quarter of 2014, net of borrowings of $5.4 million.

Total net inventories at the end of the second quarter of 2014 went up to $29.2 million compared with $26.8 million at the end of second quarter of fiscal 2013.

As per dELiA*s, the increase in net inventory at the end of the second quarter reflects a shift in the timing of receipts for Fall products.

CEO Tracy Gardner said, “We are intently focused on transforming from a catalog-centric business with stores and a website to a fully-integrated omni-channel experience. This transition is only now beginning to take hold and will be a continued focus of this organization.” (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


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