Home / Knowledge / News / Fashion / Customer traffic increases at Danier Leather

Customer traffic increases at Danier Leather

30
Apr '08
Danier Leather Inc announced its unaudited interim consolidated financial results for the 13 week and 39 week periods ended March 29, 2008.

Sales for the third quarter decreased by 8% or $3.9 million to $42.4 million from $46.3 million in the third quarter last year. Comparable store sales decreased 6%. The decrease in sales was due to the timing of Boxing Week. Last year, Boxing Week sales were included in the third quarter whereas this year, Boxing Week sales were included in the second quarter.

On a comparable week basis, which excludes Boxing Week in both periods and compares the 13 week period encompassing December 30, 2007 to March 29, 2008 to the 13 week period encompassing December 31, 2006 to March 31, 2007, sales increased 17% or $6.1 million and comparable store sales increased by 20%.

Customer traffic during the comparable period increased 14%, conversion rate (percentage of customers that come into the store and make a purchase) increased 14% and the average sale decreased 10%.

Due to a difficult retail environment in the first half of the year which included customer price sensitivity, cross border shopping and warm weather early in the fall season, the Company took aggressive price reductions on merchandise featured in its third quarter promotions and also increased markdowns in order to reduce inventory and better position the Company for ordering new inventory for next fall.

Year-to-date sales increased $0.2 million to $136.1 million while comparable store sales increased 3%. Customer traffic increased 1% and conversion increased 5%, while the average sale decreased 6%.


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 29th Oct 2020

Bangladesh restored 40% of cancelled RMG orders: minister

Bangladesh foreign minister AK Abdul Momen recently said the...

Pic: Shutterstock

Textiles | On 29th Oct 2020

Uzbek trade body, Indonesian textile firm mull cooperation

Representatives of the Uzbekistan Textile and Garment Industry...

Pic: Shutterstock

Textiles | On 29th Oct 2020

PRC unofficially boycotts Australian cotton, imports halt

All cotton exports by Australia to China have reportedly stopped...

Interviews View All

Binoy Ravjani, Hero's Fashion

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

C Kamatchisundaram, Voltas

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Rahul Bhadani, Looksgud

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Carmen Makover,

Carmen Makover

Leading the digital textile printing industry, Israel-based Kornit...

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Bani Batra,

Bani Batra

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

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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


October 2020

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


Advanced Search