Home / Knowledge / News / Fashion / Global Armani sales fall in 2009, in China surge
Global Armani sales fall in 2009, in China surge
01
Sep '10
Giorgio Armani the Italian luxury brand witnessed a six percent reduction in its worldwide sales last year, while its sales in China surged 32 percent. The company's global operating net income fell sharply by 28 percent to 218 million euros, mainly due to economic recession in the US, EU and Japan.

Nevertheless, Armani's financial capacity remains strong. Despite the economic crisis, the luxury brand continued its expansion and opened 182 news stores last year, bringing its total stores count to 1,503.

Armani, chairman and CEO of Giorgio Armani said, the company is focusing on developing core products and markets, so that it may grasp good opportunities of the global market recovery.

The situation in the first several months of 2010 has showed good momentum. He also said the company would pay more attention to Chinese market, in addition to major cities like Beijing and Shanghai; the company will also tap two and three tier cities.

The company till date has opened 66 stores in China and currently another five are ready to be opened. The company believes that there is still great room for development in China, which it will exploit in the near future.

Fibre2fashion News Desk


Must ReadView All

India to be largest cotton producer in 2018-19: USDA

Textiles | On 22nd Jun 2018

India to be largest cotton producer in 2018-19: USDA

For the fourth consecutive season, India is expected to be the...

Organic Basics gets Polygiene help for advanced underwear

Apparel/Garments | On 22nd Jun 2018

Organic Basics gets Polygiene help for advanced underwear

Danish firm Organic Basics is working with Swedish company Polygiene, ...

Courtesy: Pexels

Textiles | On 22nd Jun 2018

Pakistan's textile exports up 9.82% in July-May FY18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Hardik Sanghvi

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

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

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Robert Brunner
Devereux

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

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