Fast Fashion Faces Strong Headwinds

Fast fashion, once seen as a way for brands and consumers alike to stay on top of the latest trends, is facing a reckoning. As consumers become more environmentally conscious and secondhand apparel becomes more easily accessible while tangled supply chains are delaying product availability, some retailers are feeling the pain.

Take, for example, the departure earlier this week of long-standing ASOS chief executive Nick Beighton, who reportedly would not commit to staying with the company through at least half of its next five-year plan — this, after 12 years with the retailer, including the last six as CEO.

Mat Dun, former ASOS chief financial officer and now chief operating officer, said in a statement that the retailer’s performance over the next year “is likely to be constrained by demand volatility and global supply chain and cost pressures.” The company is expected to lay out a growth strategy in more

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Sally Beauty Holdings Reports Strong Gross Margin and Profit Growth For Fiscal 2021 First Quarter Despite Pandemic Impacts

The MarketWatch News Department was not involved in the creation of this content.

Sally Beauty Holdings, Inc. (NYSE: SBH) (“the Company”), the leader in professional hair color, today announced financial results for its first quarter ended December 31, 2020. The Company will hold a conference call today at 7:30 a.m. Central Time to discuss the results.

  • Consolidated same store sales decreased 3.7%, primarily reflecting temporary store closures in international markets, government-mandated capacity restrictions in the U.S. and Canada, and the shut-down of salons in California and certain territories in Canada for part of the quarter due to the impact of COVID-19;

  • Global e-commerce sales increased 48%; Launched buy online/pick up in-store (BOPIS) at Sally Beauty;

  • Consolidated gross margin of 50.3%, up 190 basis points compared to the prior year period;

  • GAAP operating earnings of $104 million and GAAP operating margin of 11.1%; Adjusted operating earnings of $105 million and adjusted

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Computer And Knowledge Technology Levels

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  • More than 80 p.c of King graduate survey respondents indicated they received admission to their first selection of graduate packages.
  • Coursework in these packages will center across the particular field a pupil has chosen to pursue, with restricted coursework in different disciplines.

Eventually, growing revenue is carried out most successfully by extracting data from users and competing with enhances over audiences and income. The dominant Web 2.0 business mannequin is reliant on creating community … Read More