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American Apparel retailer BootBarn finishes second quarter and is making good profits

Boot Barn Holdings, a US-based shoe and apparel lifestyle retailer, saw sales increase 69.5% in the second quarter of 2010, ending September 25, 2021, to 312.7 million. While it was a dollar, it was the same period of the previous term. Net income doubled to $ 37.8 million for the quarter (Q2 2009: $ 5.7 million).

BootBarn Holdings, a shoe and apparel lifestyle retailer, posted sales of $ 312.7 million in the second quarter of 2010, up 69.5%, ending September 25, 2021. In contrast, sales for the same period were $ 184.5 million. Last year. Net income doubled to $ 37.8 million for the quarter (Q2 2009: $ 5.7 million).

“We are experiencing significant profits both in-store and online, supported by an increasing number of customers, an attractive selection and a rich shopping experience. Consistency and duration of significant sales growth. Seems to indicate that it has gained a large market share that should be sustainable. ” Jim Conroy, President and CEO of Bootburn, Said in a press release.

BootBarn Holdings, a shoe and apparel lifestyle retailer, posted sales of $ 312.7 million in the second quarter of 2010, up 69.5%, ending September 25, 2021. In contrast, sales for the same period were $ 184.5 million. Last year. Net income doubled to $ 37.8 million for the quarter (Q2 2009: $ 5.7 million).

During the second quarter, retail sales were up 76% to $ 268.4 million ($ 152.9 million) and e-commerce was up 40% to $ 44.3 million ($ 31.6 million).

BootBarn Holdings, a shoe and apparel lifestyle retailer, posted sales of $ 312.7 million in the second quarter of 2010, up 69.5%, ending September 25, 2021. In contrast, sales for the same period were $ 184.5 million. Last year. Net income doubled to $ 37.8 million for the quarter (Q2 2009: $ 5.7 million).

In addition, quarterly gross profit increased to $ 118.1 million ($ 55.5 million). Operating profit accelerated to $ 50.1 million ($ 10.0 million).

BootBarn Holdings, a shoe and apparel lifestyle retailer, posted sales of $ 312.7 million in the second quarter of 2010, up 69.5%, ending September 25, 2021. In contrast, sales for the same period were $ 184.5 million. Last year. Net income doubled to $ 37.8 million for the quarter (Q2 2009: $ 5.7 million).

“Sales have continued to be strong in the third quarter so far, inventories have been strong, and we are optimistic about the outlook for the next holiday season. Looking further ahead, sustainable growth We have a long way to go and we believe the company is ready to increase shareholder value over the next few years, “Conroy concludes.

BootBarn Holdings, a shoe and apparel lifestyle retailer, posted sales of $ 312.7 million in the second quarter of 2010, up 69.5%, ending September 25, 2021. In contrast, sales for the same period were $ 184.5 million. Last year. Net income doubled to $ 37.8 million for the quarter (Q2 2009: $ 5.7 million).

The outlook is that the American company expects 10% growth from new units during 2010, with capital investment ranging from $ 36 billion to $ 39 billion.

Fiber2Fashion News Desk (JL)



American Apparel retailer BootBarn finishes second quarter and is making good profits

Source link American Apparel retailer BootBarn finishes second quarter and is making good profits

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