Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Fashion / Excellent performance of Luxury Goods at PPR
Excellent performance of Luxury Goods at PPR
Jul '08
In Q2 2008, PPR reported sales of €4,678 million, up 4.5% in reported terms and up 5.1% on a comparable basis in terms of Group scope and exchange rates, compared to Q2 2007. Sales in France accounted for less than 38% of total Group sales, compared to 40% in Q2 2007.

François-Henri Pinault, Chairman and CEO of PPR, noted:
“In a market environment in line with our expectations, PPR's activity in the second quarter improved at a steady pace, ahead of the Q1 progression.

The excellent performance of our Luxury Goods activities illustrates the strength of our brand portfolio, driven by the outstanding growth of the Gucci brand.

Our Consumer activities pursued their development in an environment currently under strain, and outperformed the market.

More than ever, our improved performance confirms the Group's resilience and growth potential. I remain confident in PPR's ability to achieve another year of growth and improve its financial performance in full year 2008.”

Fnac: solid growth sustained
Fnac's Q2 2008 sales were up 3.1% on a comparable basis compared to Q2 2007. In France, the brand reported a satisfactory performance, fueled by growth in technical products, which outperformed the market, and significant market share gains in all editorial product categories.

The momentum of on-line sales accelerated sharply. Fnac maintained its growth outside France with a strong increase in Q2 2008 sales, particularly in Italy, Switzerland and Brazil.

Eleven additional Fnac stores will be opened by the end of 2008, of which seven outside France and four “out-of-town” in France.

Redcats: resilience in a tough environment
In Q2 2008, sales of Redcats dropped by 3.9% on a comparable basis (up 0.5% in reported terms) compared to Q2 2007. The unfavorable economic environment, particularly in apparel, weighed heavily on Redcats, which nevertheless showed solid resilience thanks to intensified promotional activities.

The leading multi-channel brands reported contrasted performances. Excluding the significant impact from industrial action in Q2, growth in sales of La Redoute improved compared to the previous quarter, particularly outside of France.

The Sportsman's Guide sustained its strong growth while the performance of US Large Sizes improved. On-line activities continued to grow and represented 50% of Redcats home-shopping revenues in Q2 2008, compared to 41% in Q2 2007.

Conforama: solid performance of Furniture activities in a softer environment
Conforama Q2 2008 sales declined by 1.7% on a comparable basis compared to Q2 2007, as store renovations and conversions continued in France and Italy. The brand's French stores reported slightly lower sales from a high base of comparison in Q2 2007.

Sales of Furniture posted solid growth. Decorative Items reported a satisfactory performance while Home electronics posted contrasted performances.

In Italy, 10 out of 19 Emmezeta stores are already operated under the Conforama concept. In other countries, Conforama's international sales showed satisfactory resilience in a tougher environment in Q2 2008.

CFAO: another strong quarter:
In Q2 2008, CFAO benefited from a favorable economic environment and reported sales up 14.2% on a comparable basis, on top of high comparables.

This excellent performance was driven by the solid growth in Sub-Saharan Africa and Mediterranean countries and French overseas territories. The Automotive sector posted outstanding growth and the Pharmaceuticals sector maintained its solid performance.

Must ReadView All

Courtesy: Pexels

Textiles | On 19th Sep 2018

Punitive PRC tariffs on US goods has extra 5% on textiles

Responding to Washington’s latest duty increase in a dispute with...

Courtesy: Tecnorama

Textiles | On 19th Sep 2018

'Reliability & excellent quality are Tecnorama’s USP'

The complete reliability and excellent quality of Tecnorama systems...

Courtesy:  Stanislav Kondratiev on Unsplash

Apparel/Garments | On 19th Sep 2018

AAFA questions US tariffs on $200 bn Chinese goods

The American Apparel & Footwear Association (AAFA) has questioned...

Interviews View All

Claudia Kersten, Global Organic Textile Standard

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Sunil Rathore, Lacoste India

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Asim Dalal, Indo Count Retail Ventures

Asim Dalal
Indo Count Retail Ventures

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

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Dave Rousse, INDA

Dave Rousse

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Justin Gutierrez, INDA

Justin Gutierrez

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on

Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2018

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

news category

Related Categories:

Advanced Search