Home / Knowledge / News / Fashion / Lingerie major Etam reports negative sales growth
Lingerie major Etam reports negative sales growth
Jul '08
Etam Group is a major player in women's fashion on European markets and Chinese. It designs and distributes its products through three brands: Etam, 1.2.3 and Undiz.

Net sales for the first half 2008 amounted to €482.2 million, down 5.6% over first half 2007. This figure includes a negative currency impact of €4.3 million. On a like-for-like basis(1), Group sales decreased by -8.2%.

Outside China, the Group activity remains stable (-0.3%). Like-for-like, sales decreased by 5.9%. In Europe, retail margin was maintained. In China, sales decreased by -25.9%.

II – 2008 Second Quarter net sales
Net sales for the second quarter 2007 came in at €223.0 million, down -4.9% over second quarter 2007. This figure includes negative currency impact of €1.4 million.

Outside China, the Group activity came in at €195.7 million (-0.9%). On a like-for-like basis(1), sales decreased by 6.9%.

In China, sales decreased by 26.2% in the second quarter 2008, at the same path as the first quarter.

III – Development of the network
Excluding China, the store network added 32 sales outlets during the first half of 2008, including 12 store openings in France.

This lifted the number of new stores opened since 30 June 2007 to 114. At 30 June 2008, the Group had a total of 3,414 sales outlets.

Etam Group

Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Tim Savage from Pexels

Textiles | On 19th Jun 2018

Da Lat begins construction of $50mn wool yarn factory

Da Lat Worsted Spinning Limited Company has begun construction of a...

Interviews View All

Amrit Sethia

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

Jurgen Gauger

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

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


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