Home / Knowledge / News / Fashion / Undiz achieves strong growth in H1
Undiz achieves strong growth in H1
16
Jul '09
The Etam Group generated sales of €498.9 million in the first half of 2009, including a positive currency effect of €19.8 million. This constitutes an increase of +6.2% year-on-year. On a like-for-like basis and at constant exchange rates, sales are down -1.5%.

Group sales for the second quarter of 2009 totalled €224.2 million, including a positive currency effect of €6.6 million, up +3.1% year-on-year. On a like-for-like basis and at constant exchange rates, sales are down -3.3%.

On a like-for-like basis and at constant exchange rates, sales were down in Europe and up sharply in China.

Europe
In the first half of 2009, sales fell by +4.6% to €373.7 million, down +8.1% like-for-like and at constant exchange rates. Second-quarter sales sales decreased by -4.6% to € 373.7 million or -8.8% like-for-like and at constant exchange rates.

The sales performance of the Etam and 1.2.3 brands was damaged by particularly difficult conditions in the womenswear market in those countries where the brands are present. In the second quarter of 2009, 1.2.3 was particularly hard hit by its premium positioning against the backdrop of the economic crisis.

Export sales, included in sales for France, fell by 22% in the first half of 2009 as a result of cautious buying patterns by the Group's franchise partners. Undiz achieved strong growth over the period, confirming the relevance of its positioning in the French lingerie market.

China
Sales came to €125.2 million in the first half of 2009, an increase of +60.1% including a positive currency effect of €19.9 million owing to the rise in the yuan against the euro, or up +49.7% like-for-like and at constant exchange rates (based on a fall of -22.7% in the first half of 2008).

In the second quarter of 2009, sales rose by 70.0% to €46.4 million, including a positive currency effect of €6.7 million owing to the rise in the yuan against the euro, or by +55.3% like-for-like and at constant exchange rates (based on a fall of -22.8% in the second quarter of 2008).

The work undertaken since the start of 2008 is continuing to pay off in terms of commercial success of the Group's main brands - Etam, Etam Sport and Etam Week-End - allowing the Group to continue with the roll-out of an extensive network across China.

NETWORK
At 30 June 2009, the Etam Group had 3,557 sales outlets, including 981 in Europe, 2,402 in China and 174 international franchises.

• As announced, the network in Europe was streamlined by transferring or cutting apart store space in favour of Etam lingerie and Undiz, which now comprises 13 stores.
• In China, the quality of the Group's performance justifies further development of the network, with 271 net store openings in the first half of 2009.

Etam Group


Must ReadView All

EU renews GSP+ scheme for Pakistan 2 years

Apparel/Garments | On 24th Feb 2018

EU renews GSP+ scheme for Pakistan 2 years

Pakistani exporters can enjoy preferential duties on exports to the...

Surat wary of e-way bills

Textiles | On 24th Feb 2018

Surat wary of e-way bills

There is no respite for Surat’s textile manufacturers and retailers....

Retailers choose sides in Alibaba-Tencent battle in China

Apparel/Garments | On 24th Feb 2018

Retailers choose sides in Alibaba-Tencent battle in China

Two big Chinese firms— Alibaba Group Holding Ltd and Tencent Holdings ...

Interviews View All

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Mark Paterson
Technical Absorbents Ltd

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marcel Alberts
Eurofibers

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

Sonam & Paras Modi
SVA

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

Yash P. Kotak
Bombay Hemp Company

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

February 2018

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
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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