![]() ![]() The company has actively been working to get inventory in line with current consumer demand and the economy and Karanikolas said it would continue to right size and start to come down. Inventories have leveled off compared with the summer - weighing in at $213.3 million at the end of the quarter, an increase of 2 percent from June and a 50 percent rise from a year ago. Sales at the Revolve business rose 9 percent to $222.1 million while the more designer-oriented Fwrd business increased 17 percent to $46.6 million. ![]() That counts as slow growth for a company targeting expansion of 20 percent. 30 rose 10 percent to $268.7 million from $244.1 million as the company’s active customer count rose by 34 percent, or 84,000, to 2.2 million. Adjusted earnings before interest, taxes, depreciation and amortization slipped 18 percent to $17.7 million. Free cash flow, however, grew more than sixfold to $8.6 million, bolstering the company’s balance sheet. Still, the company’s third-quarter net income fell 28 percent to $12 million from $16.7 million a year earlier. “We’re able to invest while still being disciplined while driving profits.” “I love it when I hear people are cutting back and slowing down,” Mente said. The co-CEO also sees competitive advantage. “We’re really proud that we can continue to make these investments while the environment is challenging.” “We’re kind of expanding the core of where we are,” Mente said. The company’s own lines are also growing, with Mente pointing to Remi Bader’s collection featuring an extended size range. Revolve is known for its going-out looks and festival wear - and doesn’t seem likely to give that up anytime soon - but Mente said the company is expanding its range by laying the groundwork to grow in men’s, which is currently a small business, and beauty. Remi Baders Must Haves: From Prada Mirrored Sunnies to Hoka Arahi 6. ![]() When consumer sentiment is down and people aren’t feeling as good about things, it definitely weighs on us.” We interviewed Remi Bader on her current must haves, her top fashion tips, and her new size-inclusive line with Revolve. 10, Revolve released its first extended-size collection with content creator and curve model, Remi Bader. We caught up with Bader to chat about her hand in the collection, the challenges of. With Bader overseeing the design and fit, it runs from size XXS to 4X and launches in two dropsone out now and one to come in September. “She’s definitely very sensitive to the U.S. TikTok star Remi Bader’s collection makes change in fashion industry Remi x Revolve, photo courtesy of Revolve By Claire Peltier August 10, 2022, 12:08 pm The REMI x REVOLVE collaboration is finally here and we can’t wait to shop. Enter Remi x Revolve, an exclusive capsule that introduces the Revolve shopper to extended sizes for the very first time. “While we certainly have our portion of customers who are quite wealthy, the overall household income doesn’t index that much beyond the U.S. Like nearly every brand outside of luxury, Revolve is grappling with a consumer who’s feeling the pinch of inflation and senses a looming recession. She continued: “Like what if I came in and I created a brand for them? Very trendy, very cool, a little bit lower in price – but for curvier women.Retail Jobs Fall Ahead of the Holiday Season Just make some larger clothing… One thing that bothers me is on their website it says XXL when you go and click that, there’s barely any items on the website that are XXL.” For the newest drop, available in sizes XXS to 4X, the content creator who’s a size-inclusive brand consultant utilized feedback she received from her social media audience. In one 2021 video, where Bader hauled pieces sold on Revolve, she spoke directly to the company: “Please Revolve, please. Remi Bader will release a second collection with Revolve on Tuesday. Perhaps most importantly, she stresses the need for size inclusivity where it’s lacking. The collection features 15 styles in sizes XXS. The collection features 15 styles in sizes XXS to 4X, with a second drop coming in September.Īs a content creator, Bader’s viral Instagram Reels and TikToks often feature her trying on clothes from various brands she calls them her “realistic hauls.” With each haul, Bader tries on clothes and gives her honest opinion on the look and fit. 10, Revolve released its first extended-size collection with content creator and curve model, Remi Bader. 10, Revolve released its first extended-size collection with content creator and curve model, Remi Bader. Back again with another win for inclusivity, thanks to Remi Bader. The REMI x REVOLVE collaboration is finally here – and we can’t wait to shop. ![]()
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