Tilly's, Inc. reports developments for a specialty retail business selling casual apparel, footwear, and accessories for young men, young women, boys, and girls. Company updates commonly cover quarterly operating results, comparable net sales trends, gross profit, product margins, markdown activity, inventory position, buying, distribution, and occupancy costs, and SG&A expense.
Recurring announcements also address the retailer's store base, e-commerce channel, assortment of global, emerging, and proprietary brands, and active and outdoor lifestyle positioning. Corporate news has included leadership changes involving the president and chief executive officer role and executive merchandising responsibilities.
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Tilly’s, Inc. (NYSE: TLYS) has appointed Laura Janney as Executive Vice President and Chief Merchandising Officer, effective May 8, 2023. She will manage all merchandising operations, including buying, sourcing, and product development. Janney comes from Hudson’s Bay, where she served as Chief Merchandising Officer, and has over 30 years of experience at Nordstrom (NYSE: JWN) in various roles. CEO Ed Thomas expressed excitement about Janney's extensive retail experience, highlighting the expected value she will bring to Tilly’s. The company operates 249 stores across 33 states and has an online presence at www.tillys.com.
Tilly’s reported a challenging fiscal 2022, with fourth-quarter net sales of $180.4 million, down 11.8% year-over-year, and e-commerce sales declining by 13.4%. The overall performance for fiscal 2022 saw total net sales at $672.3 million, a 13.3% drop from the previous year. Despite a slight net income of $0.3 million in Q4, down from $12.1 million last year, the company ended the year with $113.3 million in cash and no debt. Looking ahead, Tilly’s expects a continued decrease in sales for Q1 2023, estimating a loss per share between $(0.27) to $(0.41.
Tilly's, Inc. (NYSE: TLYS) announced participation in two upcoming conferences: the ROTH Conference on March 14, 2023, and the UBS Global Consumer and Retail Conference on March 16, 2023. CEO Ed Thomas and CFO Michael Henry will engage in discussions at these events. A live webcast of the fireside chat at the UBS Conference will be available on Tilly's Investor Relations website. The retailer specializes in casual apparel and accessories, operating 249 stores across 33 states as of January 28, 2023.