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

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Hardik Sanghvi

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

Abhishek Pachauri

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

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Larry L Kinn
Suominen Corporation

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

October 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
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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