Home / Knowledge / News / Fashion / 6.6% average annual sales growth in Italy's fashion sector

6.6% average annual sales growth in Italy's fashion sector

19
Feb '19
Courtesy: Medio banca
Courtesy: Medio banca
The Italian fashion sector accounted for 1.3 per cent of its economy with aggregate sales of €70.4 billion in 2017. In the past five years, aggregate turnover and employment rose by 28.9 per cent and 19.7 per cent respectively, with a 6.6 per cent average annual sales growth, according to the latest survey on the fashion industry by Mediobanca Research Area.

Exports continue to gain in importance, accounting for 63 per cent of the turnover, a Mediobanca press release said citing the survey results.

Apparel is the most important segment, accounting for 40.5 per cent of total revenues, followed by leatherwear (20.9 per cent) and eyewear (16.2 per cent), while the fastest-growing is jewellery, with an annual average growth rate of 13.3 per cent.

Fifteen out of the 43 European fashion giants are Italian. Luxottica and Prada stand out in particular, ranking 7th and 14th respectively in the European rankings by total sales. French companies are still larger in size, however, with LVMH alone turning over €42.6 billion.

The survey also contains a comparison between the top fifteen Italian companies and 148 others. Despite their enormous competitive advantage, the distance between the top fifteen and the rest of the pack is narrowing, leading to a roughly equal distribution between leaders and followers in terms of net profits. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 23rd Sep 2021

Global economic recovery continues but remains uneven: OECD

The global economy is growing far more strongly than anticipated a...

Pic: Shutterstock

Textiles | On 23rd Sep 2021

ADB revises down Cambodia’s growth forecast, sees rebound in 2022

Cambodia’s economy is projected to grow by 1.9 per cent this year...

Pic: Shutterstock

Retail | On 23rd Sep 2021

Prompt action needed to reduce business rates burden on UK retail: BRC

The British Retail Consortium has urged the government to take prompt ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Kriti Kanodia,

Kriti Kanodia

A TV show in 2012 where actor Sonam Kapoor customises her own pair of...

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Daniele Uboldi,

Daniele Uboldi

EptaInks is the screen-printing division of Eptanova, a company that...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

<b>Ruma Devi i</b>s a jet-setting promoter of artisans who has empowered...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

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


September 2021

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


Advanced Search