×
186
Fashion Jobs
AESOP
Retail Consultant | Part-Time (30 Hours) & Full-Time | Aesop City of Stockholm
Permanent · STOCKHOLM
ASICS
Sales Representative
Permanent · Stockholm
PUMA
Senior Key Account Manager Sportstyle Nordic
Permanent · Solna
H&M
Global Head of Marketing h&m Sport
Permanent · Stockholm
H&M
Project Leader For Material Certification And Material Trademark Within Group Compliance
Permanent · Stockholm
PUMA
Project Manager IT Sap
Permanent · Solna
PUMA
Senior Manager Merchandising Puma Golf Europe
Permanent · Solna
H&M
Art Director – h&m Group Communications
Permanent · Stockholm
H&M
Data Analyst to Predictive Analytics Team @h&m Business Tech
Permanent · Stockholm
H&M
Data Analyst to an Inventory Optimization Team in Business Tech
Permanent · Stockholm
H&M
Business Minded Data Specialist to h&m Group
Permanent · Stockholm
H&M
Scrum Master (Service Now) to Support And Operations Toolings Team at h&m Business Tech
Permanent · Stockholm
H&M
we Are Looking For Business Intelligence Analysts to Group Expansion, h&m
Permanent · Stockholm
H&M
Business Intelligence Analyst
Permanent · Stockholm
H&M
Cyber Security Trainer
Permanent · Stockholm
H&M
Security Advisor
Permanent · Stockholm
H&M
h&m is Looking For a Business Expert For Allocation Precision
Permanent · Stockholm
H&M
Power bi Specialist to Kpi Dashboards Within Business Tech
Permanent · Stockholm
H&M
ai Learning & Development Manager
Permanent · Stockholm
H&M
Import-Export Manager to h&m Distribution Centre in Eskilstuna
Permanent · Eskilstuna
H&M
Scrum Master to Support & Operation Tooling, Monitoring & Insights Team at h&m Business Tech
Permanent · Stockholm
H&M
Business Expert Full-Stack 3d Garment Specialist
Permanent · Stockholm
Published
Mar 11, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Delta Galil sales drop 9% in Q4 on reduced premium and US volume

Published
Mar 11, 2021

Intimates and apparel manufacturer and marketer Delta Galil Industries, Ltd. reported net sales of $459.7 million for the fourth quarter ended December 31, 2020, on Wednesday, a decrease of 9% compared to $504.8 million in the same period in the previous year.


Delta Galil experienced strong e-commerce growth in 2020 - Instagram: @7forallmankind

 
The Tel Aviv, Israel-based company, which owns labels such as 7 For All Mankind, Schiesser and Eminence, and holds licenses for brands including Wilson, Spalding, Columbia and Tommy Hilfiger, said that the decline in its sales was primarily related to reduced volume in its premium, Delta USA and global upper market business segments due to the Covid-19 pandemic.
 
The group did, however, see strong growth in sales on its owned e-commerce platform, which rose 183% year over year to $76.1 million, compared to $26.9 million in the prior-year period.

Quarterly net income at Delta Galil was $23.7 million, or $0.94 per diluted share, compared to $35.6 million, or $1.39 per diluted share, in the fourth quarter of 2019.
 
The company’s full-year sales for 2020 totaled $1.45 billion, falling 14% from $1.69 billion in 2019. Annual e-commerce sales increased 130% year over year to $152.5 million.
 
The manufacturer posted a net loss of $40.5 million, or $1.56 per diluted share, for the year, compared to net income of $57.7 million, or $2.26 per diluted share, the year before.
 
“Without a doubt, 2020 represented an unprecedented year for Delta Galil, as Covid-19 forced us to rethink ways in which we conduct business,” said Delta Galil CEO Isaac Dabah in a release. “I am pleased with our agility to respond to the pandemic and implement the necessary initiatives to reduce costs and improve our operational and financial flexibility.”
 
Over the course of the year, Delta Galil sought to drive the growth of its digital business and, in August, the company acquired online intimates retailer Bare Necessities. The transaction is expected to be accretive to earnings this year.
 
The group also completed an IPO for its Israeli subsidiary, Delta Israel Brands, which raised $80 million, for a post money valuation of $400 million.

Copyright © 2022 FashionNetwork.com All rights reserved.