Salvatore Ferragamo Achievement Growth

Shoes in Italy

The first quarter sales, gross profit and net profit of Salvatore Ferragamo grew on the whole.

From the point of view of sales revenue, the Asia Pacific region is still a group.

An increase of 11% over the same period last year.

The retail channel of the Chinese market has made a significant contribution. According to the actual exchange rate, the sales growth rate is 22%, and the exchange rate is 9%.

group

It includes 375 direct outlets, and wholesale and tourist retail outlets include 262 third party stores, department stores and high-end multi brand stores.

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Italy luxury shoes and leather products group Tod 's sales grew by 1.5% in the first quarter.

The chairman and CEO Diego DellaValle are confident of this year's performance.

He said that despite the challenges faced by the economic and monetary environment, sales of luxury goods in some important markets continued to be weak, some areas were affected by bad weather and dislike delivery, and their performance was not satisfactory, but the group made significant progress in the current quarter.

Short term profits are temporarily negatively affected by investment, but in the medium term, the group is confident of recovery or even improvement.

Under the multi brand management mode, the group is expected to become the leader of footwear brand and develop better in leather products.

The launch of the new bag has received a good response. It is expected that this year's leather products will show a higher level of performance.

The group will pay special attention to further expand the US market.

The group continued to focus on cost control and achieved good results in store sales. The proportion of sales in direct outlets continued to grow.

Its brand RogerVivier is remarkable, and has achieved good results in all regions except the Greater China region.

Sales in the Greater China region amounted to 53 million 900 thousand euros, accounting for 20.9% of the total sales revenue.

The mainland market accounted for nearly half of the Greater China region, and sales increased significantly in the current quarter. However, Hongkong and Macao continued to be weak, with both passenger and consumer spending plummeting.