Home / Knowledge / News / Apparel/Garments / Tilly's Q1 FY16 net sales flat to last fiscal
Tilly's Q1 FY16 net sales flat to last fiscal
26
May '16
Courtesy: Tilly
Courtesy: Tilly's
Specialty apparel retailer Tilly's posted net sales of $120.2 million in the first quarter of fiscal 2016, ended April 30, as compared to $120.1 million in the corresponding previous quarter, flat to last fiscal.

Comparable store sales, including e-commerce sales, decreased 4.1 per cent in Q1 of FY16 at Tilly's.

Net loss for the quarter was $2.7 million or $0.10 per share as compared to net income of $1.3 million or $0.05 per share in the previous fiscal, ended May 2, 2015.

“Our first quarter results were at the better end of our outlook range before taking a legal provision into account,” Ed Thomas, president and CEO of Tilly's commented.

“Looking ahead, we expect to launch some important initiatives during the second quarter that we believe will improve the business for the long term, despite the current challenges affecting retail in general,” he added.

The company expects second quarter comparable store sales to be in the range -4 per cent, flat to this quarter. (MCJ)

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Eric Scholler
Groz-Beckert

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

Kevin Nelson
TissueGen

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

Johan Berlin
InvestKonsult Sweden AB

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search