Home / Knowledge / News / Apparel/Garments / Like for like Q4 sales rise 1.9% at French retailer Etam
Like for like Q4 sales rise 1.9% at French retailer Etam
27
Jan '14
In the fourth quarter of 2013, the Etam Group generated net sales of €328.4 million, including a negative currency effect of €2.7 million relating primarily to the depreciation of the yuan against the euro.

This represents a fall of 0.8% on a real basis or an increase of 1.9% like-for-like and at constant exchange rates relative to the fourth quarter of 2012.

During the full year to 31 December 2013, the Etam Group generated net sales of €1,215.3 million, including a negative currency effect of €3.3 million relating primarily to the depreciation of the yuan against the euro. This represents a more or less stable performance on a real basis or an increase of 1.4% like-for-like and at constant exchange rates relative to 2012.

In Europe

In the fourth quarter of 2013, net sales totalled €219.2 million, up 5.2% or 4.7% like-for-like and at constant exchange rates.

During the full year to 31 December 2013, sales came to €803.7 million in 2013, up 3.3% or 3.8% like-for-like and at constant exchange rates.

In 2013, the Group achieved sales growth in all countries in the European Union like-for-like and at constant exchange rates. In all regions, growth picked up in the fourth quarter.

In France, the Group’s brands outperformed the clothing and textiles market in terms of sales.

In China

In the fourth quarter of 2013, net sales totalled €109.2 million, down 11.0%, including a negative currency effect of €2.6 million relating primarily to the depreciation of the yuan against the euro.

Like-for-like and at constant exchange rates, net sales fell by 5.0%.

During the full year to 31 December 2013, net sales totalled €411.6 million, down 6.2%, including a negative currency effect of €3.2 million relating primarily to the depreciation of the yuan against the euro. Like-for-like and at constant exchange rates, net sales fell by 4.3%.

To cope with the difficulties faced in China, the Group closed unprofitable department store concessions and its network saw a net reduction of 184 points of sales. The Group stepped up its efforts to dispose of stocks from prior seasons at a selling price well below the cost price.

E-commerce sales saw growth of more than 100% relative to 2012, although this still represents just a small proportion of net sales. Sales generated by stores in shopping centres increased like-for-like and at constant exchange rates.

NETWORK DEVELOPMENT

At 31 December 2013, the Etam Group had 4,313 points of sales, including 939 in Europe, 3,171 in China and 203 international franchises.

In Europe and in exports, the Group streamlined and developed its store network in its lingerie activities in 2013. It established the Undiz brand in Belgium and Morocco.

OTHER INFORMATION

On 18 November 2013, the Group obtained the unanimous agreement of its partner banks to extend its syndicated credit facility in the amount of €200 million by one year from 12 December 2016 to 12 December 2017.

The seventh Etam Lingerie fashion show, a highlight of the Paris fashion scene, will take place on 25 February 2014 during Paris Fashion Week.

Etam Group


Must ReadView All

Egypt’s textile exports increase 3% in 10 months: TEC

Textiles | On 21st Nov 2017

Egypt’s textile exports increase 3% in 10 months: TEC

Exports by Egypt’s Textile Export Council (TEC) between January and...

UKFT turns sector skills body for UK fashion, textile sector

Textiles | On 21st Nov 2017

UKFT turns sector skills body for UK fashion, textile sector

The UK Fashion & Textile Association (UKFT) recently announced at a...

Pakistan’s textile exports up 7.72% in July-Oct ’17

Textiles | On 21st Nov 2017

Pakistan’s textile exports up 7.72% in July-Oct ’17

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra
Huemn

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

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