Luxury Peak Group'S Growth Rate In May Was The Worst In Five Years.

The continued weakness of luxury consumption in mainland China, Hongkong and Macao and the weakness of the US dollar and Japanese yen have dragged down the performance of Cie. Financiere Richemont SA (CFR.VX), the world's second largest luxury group, in the first five months of the end of August, so that the sales growth rate excluding the exchange rate effect in the group period was only 4%, less than 6% of the market expectation and 9% of the same period last year, the lowest value since 2009.

Cie. Financiere Richemont SA (CFR.VX) opened 2% lower trading hours before the stock closed at 87.60 Swiss francs in September 16th, down 1.35%.

　　 Japan Sales dropped 8% compared to the same period after the exchange rate was cut off, according to the actual situation. exchange rate The calculated decline widened to 14%. Europe and the Middle East recorded a 6% growth rate before and after the exchange rate. The Americas showed the best performance. After the exchange rate was eliminated, the growth rate of 12% was 6%, according to the real exchange rate.

　　 Retail channel The performance is still superior to that of wholesale channels. The former excluding the growth rate of the exchange rate before and after the growth reached 3% and 5% respectively. Among them, jewellery brand Van Cleef & Arpels Van Cleef & Arpels and luxury electric business Net-A-Porter were the best; wholesale channels aside from the exchange rate effect, the annual income increased by 2% and the real exchange rate decreased by 1%.

Cartier Cartire has a 2% increase in its jewelry department, a 4% increase in professional watch manufacturers, an increase of 6% in Montblanc MontBlanc and other departments including Chlo fashion and other Net-A-Porter sectors.

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The fast fashion brand Zara is no longer fashionable? The cost is rising and the popularity of foreign countries is losing. Europe's largest clothing retailer, Inditex SA, reported that the first half of the year's report showed that profits in the first half of the fiscal year fell by 2.4%, 928 million euros, or about 1 billion 270 million dollars. Over the same period, the share price of Inditex SA rose 6 percentage points to 8 billion 90 million euros, or about 11 billion 70 million dollars. The adverse currency turmoil has reduced the recorded revenue by 4 percentage points. Year on the basis of sales performance is still up 4.5%.

In the first half of this year, Inditex added new stores in 40 regions, until its earnings announcement, and operated 6460 branches in 88 countries and regions.

The company's store sales and online sales increased by 10% between August 1st and September 12th.

Inditex's brand Mexico online mall has opened on the 3 of this month, and South Korean regional sales will also be launched on the 24 th of this month. It will visit Tmall, China's largest online shopping mall in October.

Australians' enthusiasm for the fast fashion brand Zara seems to be on the decline. The latest financial report of the retail giant shows that its sales growth has slowed down and its cost has increased.

When Zara opened its first branch in Australia 3 years ago, it triggered a huge response from customers, and there was a long queue outside Melbourne and Sydney branches. In fact, Zara's first branch in Sydney was believed to have sold 80% of its stock on the day of its opening, worth 1 million 200 thousand Australian dollars. Zara 20% of the Australian branch is owned by the family of billionaire Solomon Lu.

Although Zara's aura in Australia has been lost, it is still a magnet attracting some customers. In the year to January 31st, sales in its Australian branch jumped 32.1% to 141 million 160 thousand Australian dollars. New branches in Canberra and Vitoria have made outstanding contributions to strong revenue growth. At present, Zara has reached 9 stores in Australia.

Although revenue in 2014 has recorded two digit growth, it is obviously less than the 56% growth in 2013. Even so, such gains are still envied by many retailers.

Zara's data submitted to the Australian Securities and Investment Commission (ASIC) also show that the average sales volume of each branch has been declining since 2011, from 42 million 800 thousand Australian dollars in 2012 to 25 million 800 thousand Australian dollars in 2013, and then to 18 million 200 thousand Australian dollars in 2014. 2014's annual profit dropped by 8.5% to 16 million 460 thousand Australian dollars.

Profits are decreasing while costs continue to be broken, but this is not surprising when considering the company's launch of a new store opening plan. At present, the sales cost of Zara has increased by 37.5%, and the cost of management has soared by 146.7%. The total cost of goods increased by 44.7%, exceeding the increase in sales, resulting in a reduction in gross margin from 66.7% to 63.6%.

However, Macquarie Bank has pointed out that the overall financial situation of Zara is still strong and should continue to grab market share from rival stores such as Myer and David Jones (DJs).