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

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Kai Poehler
Voith Paper GmbH & Co. KG

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marcel Alberts
Eurofibers

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

Pranav Mishra
Huemn

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search