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Tanger posts strong year-end results, boosted by Q4 growth

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February 24, 2025

Major outlet center owner Tanger announced net income available to common shareholders was $0.88 per share, or $97.7 million for the year, on the back of positive fourth-quarter results. 

Tanger acquires Pinecrest Shopping Center in Cleveland. – Tanger

For the fourth quarter ended December 31, net income available to common shareholders was $0.23 per share, or $26.3 million, compared to $0.22 per share, or $23.5 million, for the prior year period.

Funds from operations available to common shareholders was $0.54 per share, or $63.3 million, compared to $0.52 per share, or $58.2 million, for the prior year.

Core funds from operations available to common shareholders was $0.54 per share, or $63.3 million, compared to $0.52 per share, or $58.2 million, for the prior year.

“I am pleased to report another quarter of strong performance contributing to a successful year as we saw improved sales productivity and delivered robust organic growth. We acquired two open-air shopping centers, The Promenade at Chenal in Little Rock, Arkansas, in December and Pinecrest in Cleveland, Ohio, post-year-end,” said Stephen Yalof, president and chief executive officer. 

“We continue to execute our external growth strategy and apply our leasing, marketing, and operations platform at these market-dominant shopping centers to further elevate the exceptional experience they offer.”

Occupancy was 98% on December 31, 2024 compared to 97.4% on September 30, 2024 and 97.3% on December 31, 2023.

Same center net operating income, which is presented on a cash basis, increased 3.0% to $93.8 million for the fourth quarter of 2024 from $91.0 million for the fourth quarter of 2023, while average tenant sales per square foot was $444 for the twelve months ended December 31, 2024 compared to $438 for the twelve months ended September 30, 2024 and $436 for the twelve months ended December 31, 2023.

Looking ahead for 2025, the company projects diluted net income per share of 94 cents to $1.02. 

Yalof added, “Leasing momentum remains strong as we continue to add new retailers, brands, and uses to our centers, enhancing the shopping environment for our customers. Our balance sheet provides the liquidity and flexibility to execute our business plan and unlock additional value for our stakeholders.”

Earlier this month, Tanger announced its acquisition of Pinecrest, a premier 640,000-square-foot mixed-use shopping center in Cleveland, Ohio. 

Tanger’s portfolio includes 38 outlet centers, one adjacent managed center, and three open-air lifestyle centers including over 16 million square feet in 21 U.S. states and Canada.

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River Island names Slavid trading MD

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February 24, 2025

River Island has appointed a returning Suzy Slavid as trading managing director, following Ben Lewis’s recent appointment of CEO for the privately-held UK fashion retailer.

Slavid was most recently CEO of Wyse London for two years, joining the premium womenswear brand in January 2023 but originally spent over 13 years at River Island (1999-2012) latterly as merchandise manager for kidswear and womenswear. She then joined women’s, men’s and kidswear group Boden in 2012 as director of merchandising and marketing before becoming its chief trading officer in 2019.

Her return, which was reported by Drapers, follows this month’s announcement that Ben Lewis, related to founder and business owner Bernard Lewis, will also return to the position of CEO. He was previously chief executive for almost a decade until 2019.

At the same time, executive chair Richard Bradbury announced he was stepping down from his role due to personal circumstances, the business said in a statement.

Meanwhile, Clive Lewis, son of Bernard Lewis, will also take on his previous role as non-executive chair, with immediate effect.

After swinging to a loss in 2023, River Island reportedly last month drafted in consultants from AlixPartners to focus on profit improvement with the latest managerial rejig expected to focus on the brand’s sustained revival.

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Elsewhere in London: Johanna Parv and Ashish

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February 25, 2025

All told, this was the weakest London Fashion Week in several years, amid depressed markets, global disruptions, Brexit bruises, a fashion funeral and a general sense of exhaustion. Two collections on Monday, however, stood out – Johanna Parv and Ashish
 

Johanna Parv: London’s most coherent collection

One London-based designer always worth checking out is Johanna Parv, an Estonian who makes activewear actually look very cool. She staged no show, but her collection still felt like the most relevant and clued-in in London.

Johanna Parv Autumn/Winter 2025 collection – Courtesy

Parv’s key ideas often come from cycling, which helps gives a multi-functional twist to everything she does. For next winter, she showed great cambered pants in a crinkly nylon, excellent co-ed fashion that was hyper-functional and stylish.
 
While her precise new techy fencing-meets-Mandarin cotton shirts with peak collars, side pocket and reflective sign at back were excellent.

She also cut great cantilevered Velocity Trousers in sturdy Italian wool gabardine with nylon lining that hung perfectly. And her Tech Vent Blazers looked like they could work in a club, boardroom, cocktail or gym – defining what makes Johanna Parv such a great designer.

Johanna Parv Autumn/Winter 2025 – Courtesy

We will say it again – some bright clued-in CEO of a major active sport giant should make Johanna Parv their creative director. She has that much talent.
 

Ashish: Fashion, not fascism

Glitz and blitz from Delhi-born designer Ashish with a bold homage to partying, in a collection unveiled somewhat confusingly at 9.15 AM Monday morning.
 

Ashish – Fall-Winter2025 – 2026 – Womenswear – Royaume-Uni – Londres – ©Launchmetrics/spotlight

Staged inside the showroom basement of 180 The Strand with a great live DJ name Bestley waxing the stacks, this was really a Friday night show held at breakfast time. Blown-up balloons greeted guests reading “Everyone Welcome” or “Walk of Shame”, as the quirky cast danced around the catwalk.
 
Opening with spiky blood-orange columns, degradé silver sequin cocktails, and a gal in fishnet tights and white T-shirt that read – “Not in the Mood”. Well, Ashish and his gals clearly are, as they smoldered in transparent dresses finished with power pop stars, or in glitzy Chanel-style suits, the jackets worn open to reveal mini black bras. 
 
His guys were fairly raunchy too: wearing bovver boots, pink sequin knickers and crew neck sweaters reading “Pig”; or knickers and black sequin tops that shouted: “Wow, What a Shit Show”.

Ashish – Fall-Winter2025 – 2026 – Womenswear – Royaume-Uni – Londres – ©Launchmetrics/spotlight

One mock monk in skirt, Alpine sweater and cord belt holding a knit penis, held a cardboard reading, “The End is Near”.
 
The collection marked the latest outcry in fashion against Trump’s executive orders and Meloni laws targeting LGBT rights, ending with another sequined top that read, “Fashion Not Fascism”.
 

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Dsquared2 and Kiss team up to launch fall/winter 2025 collection

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February 24, 2025

Dsquared2 has teamed up with rock band Kiss to launch a fall/winter 2025 collection, inspired by Kiss’s iconic 1975 Alive! Tour merchandise through a bold, contemporary lens.

Dsquared2 and Kiss team up to launch fall/winter 2025 collection. – Dsquared2

The collaboration combines the band’s visual identity with Dsquared2’s fearless approach to self-expression, reaching new audiences. It will be available worldwide this fall at Dsquared2 boutiques, select department stores, and fashion retailers.

“Kiss has always been about pushing boundaries, both in music and style. We wanted to create statement pieces that embodies that same fearless attitude—something that makes you feel unstoppable the moment you put it on,” said Dean and Dan Caten, the designer duo behind Dsquared2. 

The project is part of Pophouse Entertainment’s broader efforts to expand Kiss’s artistic legacy through unique collaborations.

“Artistic legacy is critical – how it is built, maintained, protected and evolved. Pophouse, in partnership with Kiss have been working together to progress a series of special projects which deliver on their legacy and storytelling,” said Jon Spalding, Pophouse Entertainment commercial director.

“We’re delighted to have partners in Dsquared2. Dean, Dan and the whole team really understand Kiss’s unique place in the global story of rock and roll, while recognizing how to add a modern twist to some of the most recognizable imagery in pop culture history. This project has been supported by UTA and Bravado who bring their expertise in launching this collection to market.”

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