Scalpers closed fiscal 2024 with a revenue of €220 million, a 10% increase over the €200 million it generated in 2023, according to information published by the company.
The e-tail channel again recorded strong growth last year, posting a 10% increase in sales over 2023. Scalpers’s e-tail revenue accounted for 23% of the total.
The label currently operates 370 stores in 11 countries, between its own stores and a series of concessions at El Corte Inglés department store, and directly employs more than 1,500 people.
To bolster its growth, in 2024 Scalpers opened 24 new addresses in Spain and entered three new markets: Costa Rica, Guatemala and Panama.
The label also commercialises its products through Spanish and international e-tailers such as Zalando, ASOS, La Redoute, Privalia and About You.
Scalpers’ womenswear line is continuing to grow at rates well above the market average. In 2024, womenswear sales accounted for 27% of the label’s total.
Last year, Scalpers also made its first foray into the cosmetics with Scalpers Lab, a collection of non-gendered products. The label has collaborated with renowned international brands such as North Sails for its men’s line and Love Stories for womenswear, dropping two limited-edition capsule collections.
The Invited Brands marketplace, launched by Scalpers in 2020, sells products by other brands on Scalpers’s e-shop, and features more than 170 Spanish and international third-party partner brands. Thanks to two new physical stores within Scalpers’ new addresses in Madrid and Seville, Invited Brands achieved a 53% sales increase over the previous year.
Last year, markets outside Spain accounted for 13% of Scalpers’s total revenue. The label is continuing to invest in order to expand in Europe and Latin America. Portugal is its main market outside Spain, generating 5% of the label’s total revenue and posting comp sales growth of 20% in-store and 55% online. Mexico followed with a 4% revenue rise, ahead of Chile with a 2% growth.
In 2025, Scalpers is planning to open 35 new stores, including a large flagship in Porto, Portugal, deploying a concept similar to those featured in the two most recent Scalpers addresses, on Gran Vía in Madrid and Calle Rioja in Seville.
The label will inaugurate new offices in Seville at the end of 2025, which will also be home to its product development centre.
Deckers Outdoor on Thursday beat third-quarter sales estimates on robust holiday demand for its Hoka running shoes, but an in-line annual forecast caused the footwear maker’s shares to tumble 17% in extended trading.
Hoka shoes with their oversized soles have been gaining market share from brands such as Nike in the sportswear category. The brand, which retails for up to $300 in the United States, have also enjoyed full-price sales.
This drove up the company’s third-quarter revenue by 17% to $1.83 billion, beating analysts’ average estimate of $1.73 billion, according to data compiled by LSEG. Deckers also raised its annual net sales forecast for a second time this year.
“The guidance looks pretty conservative and considering the beat, it’s bit of a negative read into the out quarter,” said Drake MacFarlane, analyst at MScience.
The popularity of the Hoka shoes and the success of the company’s Ugg boots and sandals has helped it post double-digit revenue growth for nearly seven quarters.
The company now expects annual net sales to increase about 15% to $4.9 billion, compared with its prior expectation of about 12% growth to $4.8 billion. Analysts estimated an increase of 14.9% to $4.93 billion.
Deckers expects annual earnings per share of $5.75 to $5.80, compared with its prior forecast of $5.15 to $5.25.
Amazon.com is increasing its advertising on billionaire Elon Musk’s social media platform X, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
The major shift comes after the e-commerce giant withdrew much of its advertising from the platform more than a year ago due to concerns over hate speech.
In 2023, Apple also pulled all of its advertising from X and has recently been in discussions about testing ads on the platform, the report said.
Several ad agencies, tech and media companies had also suspended advertising on X following Musk’s endorsement of an antisemitic post that falsely accused members of the Jewish community of inciting hatred against white people.
Monthly U.S. ad revenue at social media platform X has declined by at least 55% year-over-year each month since Musk bought the company, formerly known as Twitter, in October 2022. He had acknowledged that an extended boycott by advertisers could bankrupt X.
Musk has become one of the most influential figures following President Donald Trump‘s re-election. He now leads the Department of Government Efficiency, which aims to cut $2 trillion in government spending.
Italian luxury goods group Salvatore Ferragamo said on Thursday its revenue dropped by 4% at constant currencies in the fourth quarter, flagging “encouraging results” from its direct-to-consumer sales which were overall flat in the last three months of the year.
Sales in the North American region, which accounted for 29% of total revenue, were up 6.3% in the quarter. However, the Asia Pacific area saw a 25% drop in revenue at constant exchange rates.
The slowdown in global demand for luxury goods, especially in China, has made the group’s turnaround harder. Overall preliminary revenues reached 1.03 billion euros in 2024, in line with analysts’ estimates, according to an LSEG consensus.
“January shows an acceleration in our DTC channel’s growth, albeit supported by the different timing of the Chinese New Year and a favourable comparison base versus last year”, Chief Executive Marco Gobbetti said in a statement.