High-end shoe company
Salvatore Ferragamo has benefitted from tourists shopping in Europe and
its expansion in Asia, reporting sales growth of 18% for the first nine
months of the year.
Global sales reached €832.6 million to the end of September and net
profit was €84.7 million, with 75% of revenues coming from leathergoods
and shoes.
Revenues from footwear were up 20.6% in the period, and up 19.6% for handbags and leather accessories.
The Asia-Pacific area was the Italian group’s top market, with a
turnover of €297 million, up 19.5%. This was achieved through the growth
of retail, which expanded 20% in the region and more than 30% in
mainland China.
The group said revenues in Europe grew 15.7%, driven by “brand awareness
of Ferragamo and its ability to attract the interest of the global
tourist flows”.
Revenues in Central and South America also grew, registering an increase of 29.4% on the nine months of 2011.
“Attention to uniqueness and exclusivity, with a perfect blend of style,
creativity and innovation enriched by the quality and craftsmanship of
the 'made in Italy' tradition have always been the hallmarks of the
group's products,” it said.
News supported by Winiw Shoe Materials - supplier of cambrelle, microfiber, shoe leather, toe puff, insole board, shoe fabrics, etc.
No comments:
Post a Comment