×
323
Fashion Jobs
ADIDAS
sr. Specialist - Finance Operations Data Management
Permanent · CHENNAI
ADIDAS
Senior Specialist - Finance Operations Data Management
Permanent · CHENNAI
ADIDAS
Senior Specialist - Finance Operations D2C
Permanent · CHENNAI
ADIDAS
Manager, Digital Platform Operations, Apac
Permanent · GURUGRAM
ADIDAS
Senior Specialist - Finance Operations Data Management
Permanent · CHENNAI
MAHLE
Asst. Manager- Production
Permanent · Greater Noida
POLYCAB
Area Sales Manager - Switches & Switchgear - Ahmedabad
Permanent · Ahmedabad
MEDCIS PATHLABS INDIA PVT LTD
Medcis Path Labs is Hiring For Pathology Area Sales Manager-Chennai
Permanent · Chennai
TIME TECHNOPLAST
Area Sales Manager
Permanent · Andheri
LIFE TURN MANAGEMENT CONSULTANT
sr. Manager Production - Sricity, Tada - Mnc Company - Engineering Ind
Permanent · Tada
MCKENZIE
Hiring For Retail Store Merchandiser / Manager
Permanent · Chennai
V2B GLOBAL CONSULTANTS
sr Technician Apparel -Buying Office
Permanent · Gurugram
MANPOWERGROUP SERVICES INDIA
Opening || Horeca Sales Manager || Kolkata
Permanent · Kolkata
ADIDAS
Senior Product Owner - Machine Learning & ai
Permanent · GURUGRAM
ADIDAS
Senior Technology Consultant - Omnichannel
Permanent · GURUGRAM
PUMA
Manager- Warehouse (B2C)
Permanent · Bengaluru
HARMAN FINOCHEM
sr. Manager- Api Production For Srp With Leading Pharma @ Aubad
Permanent · Aurangabad
PNB HOUSING
Area Sales Manager
Permanent · Thane
PNB HOUSING
Area Sales Manager
Permanent · Pune
JM FINANCIAL HOME LOANS LTD
Area Sales Manager - Home Loans
Permanent · Chennai
DANIEL WELLINGTON
IT Support Specialist
Permanent · MUMBAI
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Karaikal
By
Reuters
Published
Nov 27, 2013
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Tilly's warns on holiday-quarter profit; shares tumble

By
Reuters
Published
Nov 27, 2013

Teen apparel retailer Tilly's Inc forecast a much lower-than-expected profit for the fourth quarter, citing weak customer traffic amid increased promotions in the holiday season.

Shares of the company, which also reported lower-than-expected quarterly revenue, fell 20 percent in trading after the bell on Tuesday.

Source: Tilly's

Retailers ranging from department store operator Macy's Inc to apparel retailers such as Urban Outfitters are offering huge discounts to help shift stock during what is expected to be the toughest holiday shopping season since 2008.

Teen clothing sellers such as Abercrombie & Fitch Co and Aeropostale Inc are discounting the most, due in part to high unemployment rates among the young but also because teens are spending more on high-cost items such as mobile phones, gaming consoles and tablets.

Tilly's stores, most of which are located in California, New York and Florida, offer brands such as Levi's and Billabong among others and its own brands such as RSQ, Full Tilt and Blue Crown.

The company said it expects fourth-quarter earnings of 15 to 21 cents per share. Analysts' were expecting 35 cents, according to Thomson Reuters I/B/E/S.

The Irvine, California-based company said it expects comparable-stores sales to fall in the mid- to high-single digit percentage range.

Third-quarter net income fell 34 percent to $6.1 million, or 22 cents per share, from $9.3 million, or 33 cents per share, a year earlier.

Net sales fell 0.9 percent to $123.8 million, while comparable-store sales, which include online sales, fell 2.4 percent in the quarter.

Analysts on average had expected earnings of 21 cents per share on revenue of $132.6 million.

Tilly's sells surf and skateboard apparel, footwear, skateboards and accessories, and operated about 189 stores as of Nov. 2.

Tilly's shares, up 17 percent in the past year, closed at $15.88 on the New York Stock Exchange on Tuesday.

© Thomson Reuters 2023 All rights reserved.