Roots cuts sales forecast as business performs 'well below ... - Yahoo

Dec 6, 2019 · Roots cut its full-year sales forecast on Friday as the retailer continues to grapple with weak sales and operational inefficiencies at its new distribution centre.

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Roots Sees Room For Expansion In Activewear, Reports $5.2M Q2 …

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Sep 13, 2024 · The move lower came as direct-to-consumer sales amounted to $36.4 million, down from $37.1 million a year earlier, as comparable sales edged down 0.2 per cent. The …

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Roots Reports Third-quarter Sales, Profit Down From Year Ago As It ...

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Dec 6, 2023 · The company said the drop came as direct-to-consumer sales, which includes its corporate retail stores and e-commerce sales, totalled $52.2-million, down from $56.9-million a …

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Roots Sees Room For Expansion In Activewear, Reports $5.2M Q2 …

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Sep 13, 2024 · Roots sees room for expansion in activewear, reports $5.2M Q2 loss and sales drop ... The category, which at Roots spans leggings, tracksuits, sports bras and bike shorts, …

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Roots Sees Room For Expansion In Activewear, Reports $5.2M Q2 …

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Sep 13, 2024 · TORONTO — Roots Corp. may have built its brand on all things comfy and cosy, but its CEO says activewear is now "really becoming a core part" of the brand. ... Roots sees …

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Roots Earnings: Retailer Reports $2.4-million Third-quarter Profit

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Dec 11, 2024 · The increase came as direct-to-consumer sales rose to $54.2 million compared with $52.2 million in the same quarter last year, while comparable sales grew 5.8 per cent. …

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Roots Sees Room For Expansion In Activewear, Reports $5.2M Q2 …

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Sep 13, 2024 · The move lower came as direct-to-consumer sales amounted to $36.4 million, down from $37.1 million a year earlier, as comparable sales edged down 0.2 per cent. The …

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Roots Sees Q4 Sales At Stores, Online Fall Amid Economic Headwinds

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Apr 5, 2023 · Partner and other sales totalled $12.9 million for the quarter, up from $10.7 million a year ago, helped by higher sales to the company’s partner in Taiwan, growth in the wholesale …

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Lack Of Fleece Inventory Contributes To Roots Reporting $8.9 …

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Jun 10, 2024 · Meghan Roach, chief executive of Roots, attributed much of the decline to a fall in the company’s corporate retail store and e-commerce sales, which amounted to $31.4-million, …

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Roots Sees Room For Expansion In Activewear, Reports $5.2M Q2

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The category, which at Roots spans leggings, tracksuits, sports bras and bike shorts, has seen such sustained double-digit growth that Meghan Roach plans to make it a key part of the …

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Roots Q2 Sales Were Up More Than 20% From A Year Ago

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Sep 13, 2022 · The increase came as corporate retail store and e-commerce sales rose to $38.5 million compared with $30.4 million a year ago, while partner and other sales totalled $9.3 …

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ROOTS REPORTS STRONG SALES AND FURTHER MARGIN …

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Sales increased 22.9% year-over-year to $47.8 million Gross margin improved 120 basis points ("bps") to 59.3% Net loss was ($3.2) million compared to ($1.2) million in Q2 2021 Adjusted …

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FAQs about Roots cuts sales forecast as business performs 'well below ... - Yahoo Coupon?

Why did roots sell lower compared to a year earlier?

The move lower came as direct-to-consumer sales amounted to $36.4-million, down from $37.1-million a year earlier, as comparable sales edged down 0.2 per cent. The numbers reflect the fact that Roots continued to grapple with inventory challenges in the company’s Cooper fleece line that first cropped up in its previous quarter. ...

Why did roots increase sales?

The increase came as direct-to-consumer sales rose to $54.2 million compared with $52.2 million in the same quarter last year, while comparable sales grew 5.8 per cent. Roots attributed the growth to the strong performance of its active and core fleece collections. This report by The Canadian Press was first published Dec. 11, 2024. ...

How much did roots make in 3rd quarter?

The quarter spanned the back-to-school season, when shopping and spending can spike as kids head back to class with new outfits, and also the lead up to the debut of a new collection inspired by the “Wicked” movie that Roots released in early November. Sales for the third quarter totalled $66.9 million, up from $63.5 million a year ago. ...

Will a new roots store help drive its performance?

The hope is that such stores will help drive Roots' performance even beyond what it experienced in its third quarter, when it reported a profit of $2.4 million, up from $519,000 a year earlier. The company said the result amounted to six cents per diluted share for the quarter ended Nov. 2, compared with a penny per diluted share a year earlier. ...

What's happening at Roots?

In addition to inventory management, Roots has been optimizing its store network. The company has been closing select, less profitable stores as part of its ongoing fleet optimization initiative. The strategy aims to consolidate operations and drive same-store sales growth. Roots is also undergoing changes in its design team. ...

Why was roots' third-quarter profit down compared to a year ago?

Roots reported that its third-quarter profit and sales were down compared with a year ago as it faced what it said was economic headwinds and changing shopper behaviour. ...