Home / Knowledge / News / Apparel/Garments / Retailer dELiA*s sales marginally up in FY'13
Retailer dELiA*s sales marginally up in FY'13
29
Mar '13
dELiA*s, Inc. a multi-channel retail company comprised of two lifestyle brands primarily marketing to teenage girls and young women, announced the results for its fourth quarter of fiscal 2012 (the fourth quarter of fiscal 2012 consisted of fourteen weeks compared to the fourth quarter of 2011, which consisted of thirteen weeks) and fiscal year 2012 (fiscal year 2012 consisted of fifty-three weeks compared to fiscal year 2011, which consisted of fifty-two weeks).

Fourth Quarter Fiscal 2012 Highlights:

Total revenue increased 1.0% to $66.2 million from $65.6 million in the prior year quarter. Revenue from the retail segment decreased 2.4% to $32.8 million, due to a reduction in store count and a comparable store sales decrease of 0.3%. Revenue from the direct segment increased 4.4% to $33.4 million on a catalog circulation increase of 1.0%.

Consolidated gross margin decreased to 31.4% compared to 32.3% in the prior year quarter.

Net loss was $10.7 million, or $0.34 per diluted share, compared to $4.2 million, or $0.13 per diluted share, in the prior year quarter. Included in the fourth quarter of fiscal 2012 were CEO transition costs of $0.6 million, or $0.02 per diluted share, and a goodwill impairment charge of $4.5 million, or $0.14 per diluted share.

Fiscal Year 2012 Results

For the fiscal year ended February 2, 2013, total revenue increased 2.6% to $222.7 million from $217.2 million for the prior year period. Fiscal 2012 includes a fifty-third week and therefore the fiscal 2012 comparable sales are compared to the fifty-three week period ended February 4, 2012 for the prior year. Comparable store sales increased 5.2% compared to the comparable fifty-three week period of the prior year. Revenues in the direct segment increased 3.4% over the prior year.

Total gross margin was 32.8% compared to 31.5% for the prior year period. SG&A expenses were $93.4 million, or 42.0% of sales, for fiscal 2012, compared to $92.7 million, or 42.7% of sales, for the prior year period.

The operating loss for fiscal 2012 decreased to $20.8 million, compared to $22.9 million for fiscal 2011. Included in fiscal 2012 were the pre-tax non-cash store impairment charge of $0.2 million, $0.6 million of costs related to the Company's CEO transition, $4.5 million of a pre-tax non-cash goodwill impairment charge, store and customer contact center closing costs of $1.1 million, and a gift card breakage benefit of $4.2 million. Included in fiscal 2011 were pre-tax non-cash store impairment charges of $0.5 million and a gift card breakage benefit of $2.0 million.

Net loss for fiscal 2012 decreased to $21.6 million, or $0.69 per diluted share, compared to a net loss of $22.7 million, or $0.73 per diluted share, for fiscal 2011.

Included in fiscal 2012 were the aforementioned store impairment charge of $0.2 million, or $0.01 per diluted share, CEO transition costs of $0.6 million, or $0.02 per diluted share, goodwill impairment charge of $4.5 million, or $0.14 per diluted share, store and customer contact center closing costs of $1.1 million, or $0.04 per diluted share, and gift card breakage benefit of $4.2 million, or $0.13 per diluted share.

dELiA*s Inc


Must ReadView All

Pic: Shutterstock

Textiles | On 17th Feb 2020

Vietnam textile firms urged to source from Malaysia, India

Pham Xuan Hong, president of Ho Chi Minh City’s textile association,...

Pic: Shutterstock

Textiles | On 17th Feb 2020

Myanmar to initiate measures to improve trade strategies

Myanmar will take measures to raise overseas demand for indigenous...

Pic: PaCT

Apparel/Garments | On 17th Feb 2020

IFC portal to monitor resource usage in Bangla RMG sector

The International Finance Corporation (IFC) has developed PaCT...

Interviews View All

Sunil Rathore, Lacoste India

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

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

Top executives, Fabric manufacturers

Top executives
Fabric manufacturers

Domestic manufacturers would get an edge over imported products

Teresa Neal,

Teresa Neal

Teresa Neal, an art professional with 25 years of experience, in...

Yogesh Kanani,

Yogesh Kanani

Incorporated in 1999, Purani Textiless Private Limited is a leading...

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

Leave your Comments


February 2020

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


Advanced Search