Savannah, Ga. – Citi Trends, the 597-store specialist in value-priced apparel and home, is executing an inventory “reset” as it aims to return to profitable growth. The company made headway during Q2 by clearing through millions of dollars worth of slow-selling and aged inventory. The goal is to offer a fresher assortment of good/better/best products
Key Takeaways Greenbacker continued to execute on project build-out, bringing online 211 MW of pre-operating assets and increasing its revenue-generating operating fleet by 15%, year-over-year. Total operating revenue of $58 million represented a 14% year-over-year increase, primarily driven by a 20% increase in clean power generation from the Company’s operating assets, which produced 916,000 MWh
Honasa Consumer, the parent company of Mamaearth, is confident of maintaining a 20% revenue growth in the current financial year despite the temporary inventory-led slowdown. The company expects potential impact of 150-200 basis points (bps) on sales due to inventory correction in the second and third quarters of the year. The Chief Financial Officer Ramanpreet