Home / Knowledge / News / Apparel/Garments / Robust domestic demand lifts Cia Hering's Q3 sales
Robust domestic demand lifts Cia Hering's Q3 sales
24
Jan '14
Driven by robust sales numbers, Brazil’s Cia Hering, which is engaged in the fashion industry, witnessed a healthy rise in net profit in the third quarter of 2013.
 
The company, which is one of the largest retail and apparel designers and manufacturers in Brazil, reported a consolidated rise of 12 per cent in gross revenue at R$ 435 million in Q3 2013 from R$ 388 million in the same period a year ago driven by higher revenues from domestic and foreign markets.
 
Revenue from domestic markets on a consolidated basis grew by 12.1 per cent to R$ 427 million in Q3 2013 from R$ 380 million in the same period a year ago aided by healthy performance from all its major brands.
 
The company’s major brand Hering witnessed a 10.7 per cent rise in consolidated sales at R$ 309 million in Q3 2013 from the same period a year ago driven by strong performance in the multi-brand channel.
 
Gross sales of the Hering Kids brand rose by 36.5 per cent, year on year at R$ 46 million in Q3 2013.
 
Gross revenue from overseas markets on a consolidated basis grew by 5.3 per cent, year on year in the third quarter of 2013.
 
The company posted net revenue growth of 11.4 per cent at R$ 361 million in Q3 2013 from R$ 323 million in the same period a year ago.
 
In the backdrop of higher revenue, Cia Hering posted a consolidated net profit of R$ 58.2 million in Q3 2013, up by 6.7 per cent from R$ 54.6 million in the same period a year ago.
 

Fibre2fashion News Desk - India


Must ReadView All

UK retail firms urge Hammond to ease business rates burden

Textiles | On 20th Nov 2017

UK retail firms urge Hammond to ease business rates burden

Top British retail company CEOs have urged UK finance minister...

L-R: Surya Ajay Agarwal (Director - Donear), Vikram Mahaldar (MD - OCM) & Rahul Rajendra Agarwal (Director - Donear)

Textiles | On 20th Nov 2017

Promoters of Donear Group acquire OCM Woolen Mills

The promoters of Mumbai-based Donear Group have announced the...

Courtesy: Cornell

Textiles | On 20th Nov 2017

Cornell’s tech allows customisation of woven fabrics

Cornell Professor Steve Marschner and Rhode Island School of Design...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Karan Arora
Karan Arora

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

November 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search