Home / Knowledge / News / Apparel/Garments / H1 sales at Belgium retailer Van de Valde climb 6%
H1 sales at Belgium retailer Van de Valde climb 6%
08
Jul '15
Belgium based women’s lingerie retailer Van de Velde reported a 6.0 per cent year over year sales hike in the first half of 2015 ended June 30, 2015.

An interim report informed that its turnover rose 6.0 per cent from €107.0 million in the first half of 2014 to €113.4 million in the corresponding period in 2015.

On a like-for-like basis including comparable deliveries consolidated revenues were up 8.2 per cent over the first half of 2014.

According to Van de Valde, the sales growth was driven by 8.2 per cent increase in wholesale revenue, while it also reported growth in segments like lingerie, beachwear and stayers.

“Also pre-orders for the second half of 2015 are higher than the same period in the previous year,” it added.

However, sales at the Intimacy segment fell 4.7 per cent in the first half of 2015, while like-for-like sales contracted 10.3 per cent in local currency.

Due to the strengthening of the American dollar against the euro, the retail turnover in euro was up 16.9 per cent year on year.

In Europe, retail turnover rose on a like-for-like basis excluding store closures by 3.8 per cent from like-for-like growth in Germany at 16.7 per cent and the Netherlands at 9.7 per cent.

Van de Valde further added that the results for the first half of the year 2015 will be announced on August 28, 2015.

Van de Velde NV is a Belgium based leading player in the luxury and fashionable women’s lingerie sector. (AR)

Fibre2Fashion News Desk - India


Must ReadView All

Pic:  TonelsonProductions / Shutterstock.com

Apparel/Garments | On 16th Apr 2021

CPTPP boosts Vietnam's exports, pandemic a mild dampener

Vietnam's exports to its partners in the Comprehensive and...

Pic: Smartwool

Apparel/Garments | On 16th Apr 2021

US merino wool apparel maker Smartwool to go 100% circular by 2030

Smartwool, a Denver, US-based maker of merino wool apparel for active ...

Pic: Steve Madden

Apparel/Garments | On 16th Apr 2021

US company Steve Madden acquires remaining share of European JV

Steve Madden Ltd, a leading designer and marketer of fashion-forward...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Neeraj Sharma,

Neeraj Sharma

Headquartered in Surat, Gujarat, Orange O supplies digital textile...

Sandra Sequeira,

Sandra Sequeira

The JD Institute of Fashion Technology is the educational division of JD...

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

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


April 2021

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


Advanced Search