Brunello Cucinelli2014 Revenue Growth Realized In Fiscal Year

Brunello Cucinelli SpA (BC.MI), Italy cashmere luxury goods manufacturer, disclosed that its revenue reached 355 million 800 thousand euros in fiscal year 2014, which was 10.3% higher than the 322 million 500 thousand euro in fiscal 2013, driven by the strong performance of international business, but slightly lower than market expectations.

Income rose by 12.3% per year, of which 32.7% in the Greater China region rose to 20 million 900 thousand euros, rising from 5.9% in the 2013 fiscal year to 5.9%.

North America and Europe rose by 12.7% and 8.2% to 122 million 900 thousand euros and 116 million 700 thousand euros, respectively, accounting for 34.5% and 32.8% of total revenue respectively.

Growth is mainly supported by high-end travelers from tourist cities and resorts.

Other markets in the world have risen by 15.9%.

Italy's local market has increased by 2.8% to 68 million 500 thousand euros.

Retail by channel

The total sales of the 71 direct outlets increased by 148 million 500 thousand euros, up 28.6% from the same period last year, benefiting from the strategy of pforming wholesale stores into direct battalions, accounting for an increase from 41.7% to 2013 in the 2013 fiscal year.

Wholesale single brand store sales increased by 14.3% (excluding Direct stores) to 30 million 900 thousand euros, and by the end of the year there were 34 stores.

Wholesale multi brand channel sales increased by 1.4% to 176 million 400 thousand euros, representing a decrease from 53.9% in fiscal 2013 to 49.6%.

Brunello Cucinelli SpA (BC.MI) chairman and chief executive officer, Brunello Cucinelli, said in the earnings report that after statistics of the sales rate of 2015 spring and summer series orders and 2014 autumn and winter series, it is estimated that the double-digit income and profit growth will continue to be recorded in the current 2015 fiscal year.

As of December 31, 2014, Brunello Cucinelli SpA (BC.MI) had a net debt of 43 million euros after its annual investment of 40 million euros, compared with 16 million 100 thousand euros in the 2013 fiscal year.

Brunello Cucinelli SpA (BC.MI) closed at 18.05 euros on Monday, rising by 1.98 throughout the day.

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The world's second largest luxury jeweller, Tiffany & Co. (NYSE:TIF) Tiffany, was hit by the weak domestic market and the strong dollar during the holiday season. The group announced a cut in its full year earnings forecast, resulting in a sharp 6% decline in its trading session on Monday.

In the first two months ended December 31, 2014, the Tiffany & Co. (NYSE:TIF) Tiffany core market, the same store sales in the Americas, recorded a 1% decline. In the context of the largest growth in retail sales in the United States, the group fell for the first time in five consecutive quarters, compared with 6% growth in the same period last year.

Total sales in the Americas fell 1% to 544 million US dollars, unchanged at the fixed exchange rate.

During the period, the sales volume of the same group was identical with that of the same period last year, and the total sales volume decreased by 1% to 1 billion 20 million US dollars per year, a 3% increase according to the fixed exchange rate.

The same store sales in Asia Pacific have increased by 6% compared with the same period in China and Singapore, while Europe has increased by 4%, while Japan and other markets have plunged 8% and 6% respectively.

By the end of the year, the group had 296 direct outlets worldwide, an increase of 10 over the same period last year.

Tiffany & Co. (NYSE:TIF) Tiffany reduced the expected earnings per share from the previous 4.20-4.30 US dollar to US $4.32, less than the market expected US $3.73, and last year's earnings per share were US $3.73.

Group Chairman and chief executive officer, Michael J. Kowalski, said in the earnings report that the holiday season was disappointing. Although the "T" series has brought strong growth for the fashion gold category, other categories have not seen a wide range of sales growth.