Q2 2023 Energy and NaOH Market Prices Analysis
TX brands/retailers remain cautious, visibility continues to be low
Company
Date
Quotes recent trading updates
ABOUT YOU
July 12,
2023
H&M Group
June 29,
2023
PVH
June 1,
2023
Gap Inc.
May 25,
2023
SOURCE: Company filings and earnings transcripts
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"It's early state and we do not have the full visibility... expect to end more like in the lower half of the guided range
for the quarter and then further acceleration in the H2. We still look at some sort of elevated inventories right
now... for the H2, we expect inventories to normalizing." co-CEO About You
"I think it's clear to see that the inventory levels are going down, but both of course, from selling more or productive
stock, but also buying less." CFO H&M Group
"...strong growth in our direct-to-consumer channel tempered by wholesale revenue as retailers remain cautious on
orders, especially in the US. Wholesale sales in the region were down as planned, ...as retailers continue to take a
cautious approach due to the elevated levels of inventory industry-wide." CFO PVH
"We remain focused in fiscal 2023 on moderating buys, leaning further into our responsive levers, and continuing to
integrate the inventory that was placed in pack and hold in fiscal 2022 into future assortments." CFO Gap Inc.
1 August 2023 - 18
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