US: Delia's swings to profit in Q2
- Q2 revenue decreased 5.5% to $43.2m
- Net income at $6.8m, compared to net loss of $4.7m last year
- Six-month revenue down 4.8% to $93.2m
Direct retailer Delia's has posted a rise in second quarter net income despite slower sales.
Walter Killough, Delia's CEO, said: "Sales trends in both our retail and direct businesses remained negative during the second quarter. Trends improved with our new Back-To-School floorset in July, but were still negative as traffic remained inconsistent.
"In August we began to see traction in our Back-To-School business, with comparable store sales trends turning positive in districts that have early Back-To-School peaks. We are cautiously optimistic that these improved trends will continue through the remainder of the Back-To-School period and result in increased sales levels in both channels."
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