Eyewear maker De Rigo reports sales fall in H1

29 Jul '05

6 min read

Retail
Sales through the retail companies amounted to EUR 195.0 m, a decrease of 1.9% from EUR 198.7 m posted in the first six months of 2004.

D&A's sales were EUR 120.5 m, a decrease of 5.3% as compared with sales of EUR 127.3 m posted in the first six months of 2004. Sales declined by 2.9% in Pound Sterling terms, less than in Euro Terms, reflecting the decrease of the Pound Sterling's value against the Euro. Same store sales per working day in Pound Sterling terms decreased by 3.8%. Sales of franchised stores during the period amounted to EUR 32.3 m, a decrease of 8.0%; in Pound Sterling terms, sales of franchised stores decreased by 5.6%.

D&A's results were negatively affected by declines in sales in both value and volume terms, which reflected a general downturn in the British optical market.

At June 30, 2005, D&A operated a network of 235 owned shops and 140 franchised shops. GO's sales increased by 4.3% to EUR 74.5 m from EUR 71.4 m posted in the first six months of 2004, as a result of positive same store sales, which rose by 1.1% on top of the 7.8% increase posted in the first six months of 2004, as well reflecting the impact of the opening of new owned and franchised stores.

At June 30, 2005, GO operated a network of 153 owned shops and 22 franchised shops, having opened a net total of 7 owned shops and 7 franchised shops during the last twelve months.

De Rigo will begin manufacturing eyewear under the Jean Paul Gaultier and Ermenegildo

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