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

Oliver Dowden. Pic: GOV.UK

Retail | On 4th Dec 2020

UK events industry likely to be back to normal by Easter

Oliver Dowden, UK secretary of state for the department of digital,...

Pic: Shutterstock

Textiles | On 4th Dec 2020

US bans cotton imports from Chinese producer XPCC

The US Customs and Border Protection (CBP) agency recently banned...

Pic: Shutterstock

Apparel/Garments | On 4th Dec 2020

PVH Corp Q3 FY20: sales $2.11 bn; net income $70 mn

PVH Corp, a US-based global apparel companies, has reported 18 per...

Interviews View All

Amardeep Singh, Orient Craft

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli, Epson, For.Tex & F.lli Robustelli

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Tony Naschberger,

Tony Naschberger

With production sites in Klagenfurt and Kufstein, Zimmer Austria is a...

Franco Ravazzi,

Franco Ravazzi

Italy-based Tessimenti E Orditi Tinti (T.O.T SRL) specialises in stocking...

Martina Giorgetti,

Martina Giorgetti

Italy-based Cibitex is a manufacturer of textile finishing machinery,...

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...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro and...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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


December 2020

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


Advanced Search