×
68 807
Fashion Jobs
GAP INC.
Manager, Digital Marketing Operations
Permanent · San Francisco
GAP INC.
Assistant Manager, Customer Operations - Westgate
Permanent · Brockton
NEIMAN MARCUS
Sales Manager, Women's Designer Rtw - Northpark
Permanent · Dallas
NORDSTROM
Finance Manager e2e Sales Consolidations - Hybrid Seattle, Hybrid Los Angeles, or Hybrid Denver
Permanent · Seattle
NORDSTROM
Asset Protection - Agent - Towson Rack
Permanent · Towson
NORDSTROM
Asset Protection - Agent - Golde Creek Plaza Rack
Permanent · Lynnwood
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Media
KOHLS
Operations Manager - Blue Springs
Permanent · Blue Springs
OLD NAVY
Assistant Manager, Customer Operations - Chautauqua
Permanent · Lakewood
ULTA BEAUTY, INC.
CO - Sales Manager
Permanent · Kissimmee
ULTA BEAUTY, INC.
General Manager
Permanent · Hanover
AESOP
Part-Time Retail Consultant | Cherry Creek
Permanent · Denver
HOLLISTER CO. STORES
Abercrombie & Fitch - Manager in Training, Valley Fair
Permanent · Santa Clara
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Rehoboth Beach Outlet
Permanent · Rehoboth Beach
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Gilroy Outlet
Permanent · Gilroy
ABERCROMBIE KIDS STORES
Abercrombie Kids - Manager in Training, San Marcos Outlet
Permanent · San Marcos
ABERCROMBIE KIDS STORES
Abercrombie Kids - Manager in Training, Dolphin Mall
Permanent · Miami
ABERCROMBIE KIDS STORES
Abercrombie Kids - Manager in Training, Somerset North
Permanent · Troy
ABERCROMBIE KIDS STORES
Abercrombie Kids - Manager in Training, Memorial City
Permanent · Houston
LULULEMON
Assistant Manager, Operations | Polaris Fashion Place
Permanent · Columbus
ROSS STORES
Store Protection Specialist
Permanent · Charlotte
ROSS STORES
Store Protection Specialist
Permanent · Riverside
Published
May 11, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

A.K.A Brands sales up 116% on U.S. revenues, Culture Kings weighs in

Published
May 11, 2022

A.K.A. Brands announced on Tuesday net sales grew 116% during the first quarter, a surge impacted by the acquisition of Australian streetwear retailer Culture Kings, which added $48.9 million in sales during the quarter.


Net sales for the first quarter totalled$148.3 million, compared to $68.8 million in the first quarter of 2021, an uptick of 24% excluding revenue from newly acquired Culture Kings. - Instagram: @culturekings


The San Francisco-based company said net sales for the first quarter totalled $148.3 million, compared to $68.8 million in the first quarter of 2021, an uptick of 24% excluding revenue from newly acquired Culture Kings.

The owner of Culture Kings, Princess Polly and Mnml said the sales increase was driven by a 100% increase in the number of orders processed and 6% growth in the average order value during the quarter. Likewise, order numbers were primarily driven by the inclusion of Culture Kings and Mnml, as well as the growth of Princess Polly in the U.S., the company added.

​“I am very proud of our first quarter performance, which exceeded our expectations. Net sales grew 116%, or 24%1 on a pro-forma basis, reflecting the power and agility of our next-gen business model as well as the strength of our diverse portfolio of brands,” said Jill Ramsey, chief executive officer, A.K.A. Brands.

“The U.S., which grew 54%1, made up the majority of our volume and was by far the fastest growing region. Our brands continued to execute next-gen merchandising and marketing strategies to drive greater awareness, which contributed to an outstanding 46% increase in active customers to over 3.8 million on a pro-forma basis. I am proud of our team and the strong results we delivered in the first quarter as we navigated through the continued impact of the global macro headwinds."

For the first quarter ending March 31, ​net income totalled $1.5 million or $0.01 per share, which was flat compared to net income attributable of $1.5 million or $0.02 per share in the first quarter of 2021.

Looking ahead, the company said it expects second quarter net sales between $173 million and $177 million.

"I am confident that we are well-positioned to deliver on our unique combination of strong growth and profitability for the quarters and years to come," added Ramsey.

Copyright © 2022 FashionNetwork.com All rights reserved.