Roots sees Q4 sales at stores, online fall amid …

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ROOTS REPORTS FOURTH QUARTER AND FISCAL 2022 RESULTS

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Apr 5, 2023 · Total sales decreased 8.1% to $111.5 million in Q4 2022 from $121.3 million in the fourth quarter of fiscal 2021 ("Q4 2021"). DTC sales (corporate retail store and eCommerce …

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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, …

theglobeandmail.com

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Roots Reporting 22% Sales Drop But Still Topping Profit …

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Canadian retailer Roots reported a 22 per cent sales drop in Q4 amid store closures due to the pandemic. Despite this drop, adjusted profits rose and tops expectations. BNN Bloomberg's …

bnnbloomberg.ca

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Lack Of Fleece Inventory Contributes To Roots Reporting $8.9M Q1 …

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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, …

thecanadianpressnews.ca

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Lack Of Fleece Inventory Contributes To Roots Reporting

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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, …

torontosun.com

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Walmart's Strong First Quarter Driven By Consumers Seeking …

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May 16, 2024 · Comparable store sales — those from established stores and online operating over the past 12 months — rose 3.8% at Walmart’s U.S. stores, a bit slower than the 4%, in …

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FAQs about Roots sees Q4 sales at stores, online fall amid … Coupon?

How did roots' sales compare to last year?

Overall sales totalled $108.2-million compared with $111.5-million in the same quarter last year. The move lower came as Roots says direct-to-consumer sales, which includes its corporate retail store and e-commerce sales, totalled $97.8-million, down from $98.5-million a year earlier. ...

How did roots perform in the third quarter?

Corporate-owned stores and e-commerce sales grew 4.6 per cent from $70.7 million in the third quarter of 2018 to $73.9 million in the most recent quarter. In the U.S., where the company had seven corporate-owned stores by the end of the quarter, Roots says its new stores are performing well below expectations. ...

How did roots' fourth-quarter profit compare to a year earlier?

Roots Corp. ROOT-T reported its fourth-quarter profit rose to $14.6-million, up from $13.0-million a year earlier, as its sales fell nearly three per cent. The Toronto-based retailer says the profit amounted to 36 cents per share for the quarter ended Feb. 3, up from 31 cents per share a year earlier. ...

How did roots Corp's fourth-quarter profit compare to a year ago?

Roots Corp. reported its fourth-quarter profit fell compared with a year ago as its sales also moved lower. The retailer says it earned $13.0 million or 31 cents per diluted share for the quarter ended Jan. 28, down from a profit of $18.1 million or 42 cents per diluted share a year earlier. ...

Is roots looking for a replacement?

Roots will launch an immediate search for a replacement, the company said. Apparel retailer Roots Corp. downgraded its sales expectations for the current financial year as it grapples with a shortened holiday shopping period and other challenges. ...

Is roots a profitable company?

In the U.S., where the company had seven corporate-owned stores by the end of the quarter, Roots says its new stores are performing well below expectations. The company is encouraged by its American e-commerce business, and its two legacy stores remain very profitable, said Gabel. ...