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1stDibs posts 4% revenue growth in 2024

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Luxury online marketplace 1stDibs said net revenue increased 4% year-over-year reaching $88.3 million in 2024, on the back of a strong fourth quarter. 

1stDibs posts 4% revenue growth in 2024. – 1stDibs

For the fourth quarter ended December 31, 2024, the New York-based company said net revenue increased 9%, to $22.8 million. 

The company’s gross profit rose to $16.5 million, marking a 10% increase from the same period in 2023. Gross margin improved to 72.3%, up from 71.5% in the previous year’s fourth quarter.

However, the company recorded a GAAP net loss of $5.2 million, compared to a net loss of $2.9 million in the fourth quarter of 2023.

1stDibs reported an increase in the number of orders for Q4, jumping 7% year-over-year to 37,000. Active Buyers was approximately 64,000, an increase of 6% year-over-year.

For the year, the company reported a loss of $18.6 million, or $0.49 per share.

“2024 marked a turning point, highlighted by our highest GMV growth in three years in the fourth quarter,” said David Rosenblatt, 1stDibs chief executive officer.

“Market share gains and a return to revenue growth in 2024 despite a challenging market are clear signals that our strategy is working. We’re excited to continue driving progress in 2025.”

Tom Etergino, chief financial officer added, “We achieved significant progress in 2024, reducing operating expenses for the second consecutive year and delivering our strongest Adjusted EBITDA margins since becoming a public company. As we enter 2025, our focus remains on driving operating leverage and maintaining disciplined expense management.”

Looking ahead, 1stDibs projects gross merchandise value of $90 million to $96 million for the first quarter of 2025, with a guidance of net revenue between $21.7 million and $22.8 million and adjusted EBITDA down 12% to 8%.

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Rebag expands outlet presence with two new locations in 2025

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Luxury resale platform Rebag is expanding its retail footprint with the launch of two new outlet stores in 2025. 

Rebag expands outlet presence with two new locations in 2025. – Rebag

Rebag is set to open locations at Las Vegas Premium Outlets on March 17, and Desert Hills Premium Outlets in Cabazon, California, on April 4.

The move follows Rebag’s foray into outlet, which began in 2022 with the launch of its store at Sawgrass Mills, in Florida, the largest single-story outlet mall in the U.S., drawing over 21 million visitors annually. 

Rebag’s current outlet store portfolio, including its Sawgrass Mills location, has experienced over 30% year-over-year growth, demonstrating the strong alignment between its curated luxury resale model and the in-person shopping experience. Rebag also has retail locations in New York and Los Angeles.

“Expanding our outlet portfolio is a strategic move that aligns with our mission to make luxury resale more accessible and convenient for our customers” said Charles Gorra, founder and CEO of Rebag.

“The impressive growth of our current store portfolio demonstrates the power of retail outlets and the growing interest in pre-loved luxury goods.”

Most recently, Rebag also partnered with Bloomingdale’s, to introduce a curated selection of over 2,500 designer handbags, watches, and jewelry to Bloomingdales.com and over 500 items in five select Bloomingdale’s stores nationwide.

Moreover, Rebag has expanded its reach through a strategic collaboration with Walmart, offering high-quality pre-owned luxury goods online and in five Walmart locations nationwide.

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CH Carolina Herrera opens new boutique in Las Vegas

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CH Carolina Herrera, the lifestyle brand of Carolina Herrera, founded in 2001, announced on Thursday the opening of its newest boutique at The Forum Shops at Caesars, in Las Vegas. 

CH Carolina Herrera opens new boutique in Las Vegas – CH Carolina Herrera

The boutique, set to open at the end of March, will offer a luxurious shopping experience that combines the brand’s signature blend of elegance and sophistication, with the vibrant energy of Las Vegas.

It will house a curated selection of leather goods and accessories, as well as women’s, men’s, and children’s ready-to-wear collections, which customers can explore in an inviting and intimate space.

For a more personalized service, appointments can be booked by phone.

The store will be open seven days a week, with hours from 10 AM to 9 PM Sunday through Thursday, and extended hours until 10 PM on Fridays and Saturdays.

Last month, the New York-based brand staged its fall 2025 collection show looking over Central Park, as part of New York Fashion Week.

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Viktor & Rolf returns to ready-to-wear with fall/winter 2025 collection

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Viktor & Rolf is making a return to ready-to-wear, bringing its avant-garde couture sensibilities to everyday fashion with the fall/winter 2025 ready-to-wear collection.

Viktor & Rolf returns to ready-to-wear with fall/winter 2025 collection. – Viktor & Rolf

Drawing inspiration from their Fall/Winter 2024 Haute Couture collection, ‘Haute Abstraction’, the designers translate high-fashion drama into wearable silhouettes. Sharp tailoring, signature detailing, and rich textures define the collection, blending structured precision with practical elements like denim and a collaboration with heritage outerwear brand Mackintosh.

Intricate couture elements, such as delicate tulle ruffles, seamlessly integrate into the collection, elevating essentials like jeans and jackets with sculptural volume. Standout pieces include tailored balloon trousers in Japanese tuxedo wool and a relaxed denim variation.

The color palette transitions from deep, moody tones of black, grey, and dark berry to lighter accents of white, mint, and sky-blue denim. A classic beige hue, ‘golden fawn,’ appears in gabardine daywear, reinforcing Viktor & Rolf’s commitment to timeless wardrobe essentials.

Textures play a key role, with a blend of Italian silk satin, Japanese tuxedo wool, silk-viscose floral jacquard, mohair, superfine alpaca knits, and organic cotton denim. The collection’s layered, duplicated, and deconstructed elements echo signature techniques from Viktor & Rolf’s archival collections, including Spring/Summer 2002’s ‘White’ and Fall/Winter 2003’s ‘One Woman Show’.

“Shifting from couture to ready-to-wear was about designing for real life. Viktor & Rolf wanted to keep the bold shapes and craftsmanship of couture but make them effortless. Everyday life is full of contrasts – moving through different spaces and situations that define us. It’s not about losing bold expression but using it to elevate the ordinary,” the Amsterdam-based fashion house said in a statement. 

The collection launches with a campaign that unfolds against the streets of Paris, captured by Alessandro Furchino Capria.

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