Home / Knowledge / News / Apparel/Garments / Lafuma FY'13 like-for-like sales fall 13.8%
Lafuma FY'13 like-for-like sales fall 13.8%
31
Oct '13
Lafuma announces results for the fourth quarter and for full fiscal year 2012-13.

As anticipated, the negative trend noted over the first three quarters was confirmed in the fourth quarter. This decline in business was -11.1% over the second half-year compared to -15.9% in the first half-year.

Like-for-like sales revenue for fiscal 2012/2013 was 193.6 million euros compared to 224.5 million euros in the previous fiscal year, down 13.8%. Given the effect of a negative exchange rate on business of -3.4 million euros, mainly stemming from fluctuation in the Japanese yen, the like-for-like decline in sales at an even exchange rate was 12.3%.

Over the entire fiscal year, the Mountain division just about held up its same level of business, whereas the Boardsports and Great Outdoor divisions registered declines in sales at a constant exchange rate:

- The Boardsports division registered a sharp drop in business for the second consecutive year, down 29.3% this year (compared to -16.4% the previous fiscal year). With marked difficulties experienced in the boardsports market impacting the full spectrum of brands worldwide, the Oxbow brand has continued to decline, particularly in wholesale activities.

- The Great Outdoor division declined 11.5% over the fiscal year, following stabilization in business over the previous fiscal year (-0.4%).

-11.1% in textiles/equipment sales;

-9.1% in furniture sales;

- Sales growth in the Mountain division, with the Millet, Eider et Killy brands has stalled, registering a slight decline of 2.4% over the fiscal year, following a previous 2011/2012 fiscal year of robust gains (+11,5%) in this division. The Millet brand (-1.0%) has held up well, owing to the implementation of a coherent product and sales strategy.

All of the Group brands operate on a particularly difficult market in France (-11.9%) and in Europe (-13.9%).

Minus the exchange rate effect, performances in the Asian market have been satisfactory with a stabilization of real sales, and this bearing in mind the termination of marketing Lafuma products in Japan in the second half-year owing to a partnership agreement with the World group. Business in the United States decreased sharply, down 27%, excluding the exchange rate effect, mainly due to declines in textiles/equipment.

Outlook

Based on the remaining order book for the 2013 Autumn-Winter collections, the present decline in sales revenue will most likely continue into the first quarter of the present fiscal year.

Lafuma

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search