Home / Knowledge / News / Fashion / 2015 sales up 7.4% at Salvatore Ferragamo
2015 sales up 7.4% at Salvatore Ferragamo
02
Feb '16
Salvatore Ferragamo S.p.A., a marketer of luxury goods said its revenues for 2015 amounted to €1,430 million, up 7.4 per cent year on year at current exchange rates and 1.3 per cent at constant exchange rates.

As per a press release, the Asia Pacific area was the Group's top market in terms of revenues, representing 36 per cent of overall sales in 2015 and sales here rose 4 per cent over a year ago period.

However, in the fourth quarter of 2015 the revenue growth in the region was good, despite the hard to compare base of 11 per cent in the same quarter of 2014 and the deterioration of the business in Hong Kong.

The retail channel in China recorded a 10 per cent growth in 2015 as well as in the fourth quarter and the trend showed an improvement versus the third quarter of 2015.

“Europe posted an increase in revenues at 7 per cent year over year in 2015, while 2015, despite the dramatic events in the year, fourth quarter sales grew 9 per cent,” the company observed.

According to Salvatore, the North American market penalised by the strong currency and the decrease of touristic flows, registered an increase in of 9 per cent, but a negative 2 per cent at constant exchange rates.

The Japanese market showed an increase in revenues at 14 per cent in the reporting year 2015, primarily due to the significant travel flow from China.

“At constant exchange rates the sales growth in Japan was 15 per cent in 2015 and 13 per cent in the fourth quarter of 2015,” the company stated.

Revenues in Central and South America showed solid results with a year over year increase of 12 per cent in 2015, while at constant exchange rates, the growth was 8 per cent.

As of 31 December 2015, the Salvatore Ferragamo Group operated 391 directly operated stores, while the wholesale and travel retail channel included 271 third party operated stores.

In the year under review, revenues in the retail channel were up 7 per cent year on year in both 2015 as well as the fourth quarter.

However, at constant exchange rates the sales growth was just 1 per cent in both the periods under review.

The wholesale channel delivered revenue growth of over 7 per cent in 2015 and over 12 per cent in the fourth quarter, mainly due to the good performance of the travel retail channel.

Among product categories, handbags and leather accessories posted a sales growth of 12 per cent over 2014 and 14 per cent in the fourth quarter of 2015.

In the fourth quarter of 2015, fragrances and licenses too registered a solid performance of 18 and 44 per cent respectively. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

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

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Hardik Sanghvi

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

Marcel Alberts
Eurofibers

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Yash P. Kotak
Bombay Hemp Company

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search