The Asia Pacific area is confirmed as the group's top market in terms of revenue, decreasing by 1.0 per cent, with a positive performance in Greater China, partially penalised by the negative performance in South East Asia. Specifically in the fourth quarter, the retail channel in China recorded a solid revenue growth of 7.6 per cent.
In 2018, EMEA posted a decrease in revenue of 6.1 per cent, mainly owed to the negative wholesale business in the last part of the year due to the delayed deliveries following the change of a commercial partner in a strategic market in the Middle East.
North America recorded a revenue decrease of 5.4 per cent in FY18, mainly impacted by the negative trend of the department stores sales.
The Japanese market registered a 0.4 per cent decrease in revenue in 2018, with retail stores recording a positive performance at constant exchange rates both in FY18 and in fourth quarter, while negatively impacted by the strategic rationalization of the wholesale channel.
Revenues in the Central and South America in FY18 were down 1.9 per cent, but up 4.2 per cent at constant exchange rates, mainly due to the performance of the retail network.
In 2018, the operating costs remained stable at €712 million. The increase in costs was mainly due to the beginning of the activities for the reinforcement of the organization and processes and to the communication expenses. (RR)
Fibre2Fashion News Desk – India
| On 22nd Sep 2021
The Asian Development Bank (ADB) lowered its 2021 economic growth...
Mexican cotton outlook has been improving gradually due to...
| On 22nd Sep 2021
Apparel exporters in Bangladesh are expecting significant losses for...
Delay in adopting water sustainability both financially & environmentally...
Next level is to inject new features:
Consistency is the first rule of social media
Based out of Como, Italy, and with technological expertise of nearly 70...
Founded by Chini Chouhan, her eponymous brand specialises in women's...
Established in 2018, Forsarees is a socially driven business enterprise,...
Wearable Technology Lab, University of Minnesota
A new study led by researchers at the University of Minnesota's Design of...
Hula Global, a leading isolation gown manufacturer in India, has been...
Loomia designs and manufactures soft circuit systems that can be produced...
Ramya Rao & Kavea R Chavali
<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...
Label Raghavendra Rathore Jodhpur
Being one of the first designers to use the "Brand India" positioning for...
Label Seema Gujral
<b>Seema Gujral</b>'s designs for her eponymous label revolve around...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.