Home / Knowledge / News / Apparel/Garments / Costume Express brand represents small portion of overall sales in Q3

Costume Express brand represents small portion of overall sales in Q3

30
Mar '07
Celebrate Express reported net sales of $16.7 million in the third quarter of fiscal 2007, a decrease of 11% from net sales of $18.8 million during the same period last year. Net loss for the third quarter of fiscal 2007 was ($137,000), or ($0.02) per diluted share, compared with a net loss of ($398,000), or ($0.05) per diluted share, in the third quarter of fiscal 2006. Weighted average diluted shares outstanding were 7.9 million for the third quarter of fiscal 2007, compared with 7.7 million for the third quarter of fiscal 2006.

Kevin Green, chief executive officer of Celebrate Express stated, "We have been successful in putting in place many of the key building blocks of our turnaround. The senior management team is nearly complete, and with the review of strategic alternatives now behind us, we anticipate being able to fill the open vice president of marketing position and several other key management vacancies in the coming months.”

“With the conclusion of this review and with our structured shareholder communications policy firmly in place, our management team will have the opportunity to focus full attention on the business. We continue to closely manage catalog circulation and on-line marketing spending to balance revenue growth with profitability.”

“It is important to point out that revenue growth and marketing spending in the direct marketing industry are highly correlated. During the third quarter we launched a new user-interface for our website with improved navigation and search capabilities, which has led to increased conversion rates and more of our total business coming in online creating operating leverage. We are now beginning to feel the momentum of many of our key initiatives and remain confident in the Celebrate Express business model."


Must ReadView All

Pic: Pexels/Hugo Heimendinger

Textiles | On 25th Feb 2021

Vietnam's growth outlook linked to response to new

Vietnam’s growth prospects will depend on how well and quickly its...

Pic: Puma

Apparel/Garments | On 25th Feb 2021

Puma reports sales of €5.2 bn in FY20

Puma, a Germany-based manufacturer of athletic and casual footwear,...

Pic: Zalando

E-commerce | On 25th Feb 2021

Zalando expands online store Zircle to Sweden & Denmark

Zalando has expanded Zircle, a webshop dedicated to consumers looking ...

Interviews View All

Ghanshyam Ghoghari, Kimora Fashion

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Abhishek Samdaria, Reflete

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Vikram Saria,

Vikram Saria

Shanghai-based Aura Designs Ltd is a leading manufacturer of textile and...

Jason Remnant,

Jason Remnant

<div>Xaar plc develops digital inkjet technology; it designs and...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

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

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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 2021

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


Advanced Search