Home / Knowledge / News / Apparel/Garments / Textile segment sales up at Benetton Group
Textile segment sales up at Benetton Group
16
Nov '09
The Benetton Group Board of Directors examined and approved the consolidated results for the first nine months of 2009 and reviewed progress made in the achievement of the objectives set out in the reorganization plan.

Consolidated income statement
Group net revenues for the first nine months of 2009 were €1,491 million, marginally down (-2.8%) against the reference period of 2008 (-2.1 % currency neutral). As already announced, the rescheduling of deliveries decided at the end of the first half year in order to match seasonality and provide improved service to clients, was fully recovered during the third quarter of the year.

Revenue performance was substantially maintained despite the deterioration in foreign currencies against the euro as well as product mix. In the period, on the other hand, the opening of more directly operated stores had a positive effect.

Textile segment sales increased by €10 million to €78 million, while Apparel sales were €1,413 million, €53 million lower than in the first nine months of 2008. Apparel sales included €324 million (+ €12 million) attributable to direct sales, while €1,089 million were generated in the wholesale channel (-€65 million).

In established markets, satisfactory performance was achieved by: Italy, the main Group market, France, Greece and Nordic countries; with a slowdown in the Iberian peninsula and continental Europe.

In emerging markets, which grew overall by 13%, currency neutral, particularly positive performance was achieved in India and China. In India, there was in fact a further acceleration in growth due to continued improvement in comparable performance and to growth in department stores in prime locations. In China, comparable performance was positive in the third quarter and for the year to date, due to the completion of the initial phase of refocusing and closure of sales outlets, accompanied by the first new openings in locations of strategic interest.

In Mexico, market development has been focussed on both the direct network and department stores, where further acceleration is planned with the opening of 50 new corners for the winter season.

In Turkey, the market is contracting due to weakness of consumption and of the currency. Benetton's well-established presence benefits from high brand visibility; the latter was further increased by the recent opening of an important flagship store in the centre of Istanbul.
Finally, there was a downturn in volumes in the Russian market due to the strong impact of the economic crisis; however, the Benetton Group remains committed to seizing development opportunities in this important market.

Click here for more details.

Benetton Group

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

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

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Mark Paterson
Technical Absorbents Ltd

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Igor Chapurin
Chapurin

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

Rupa Sood and Sharan Apparao
Nayaab

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
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