Salvatore Ferragamo keeps its excellent growth in sales

27 Jan '12

4 min read

As of 31 December 2011, the Salvatore Ferragamo Group's Retail network can count on 323 Directly Operated Stores (DOS), while the Wholesale and Travel Retail channel includes 270 Third Party Operated Stores (TPOS), as well as presence in Department stores and high-level multibrand Specialty stores.

In FY 2011 the Retail distribution channel posted consolidated Revenues of 658.3 million Euros, a 21.2% increase over the 543.0 million Euros posted as of 31 December 2010. The growth marks a 16.4% increase at constant rates and perimeter in FY 2011 and an 11.3% increase in 4Q 2011 vs. 4Q 2010, which had already shown a +15.3% vs. 4Q 2009.

The Wholesale and Travel Retail channel2 delivered an excellent performance, growing from 223.7 million Euros, recorded in FY 2010, to 313.1 million Euros in FY 2011, marking a 40.0% increase (with an increase of +45.2% in 4Q 2011).

All product categories delivered a marked increase in revenues. Especially worth highlighting, the increased revenues in footwear (+32.6%) and in handbags and leather accessories (+26.8%), which represent around 74.0% of Group Total Turnover.

Salvatore Ferragamo S.p.A. is the parent company of the Salvatore Ferragamo Group, one of the world's leaders in the luxury goods sector and whose origins date back to 1927. The Group is active in the creation, production and sale of shoes, leather goods, clothing, silk products and other accessories, as well as women's and men's perfumes.

Salvatore Ferragamo S.p.A.

More Apparel/Garments News - Italy...