Kai Yun Group Released Its Three Quarter Earnings Report

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Net Xiaobian to introduce to you is Kai Yun group released the three quarter earnings, sales grew 3.3%.

According to the latest third quarter financial Bulletin released by Kering (Kai Yun), France's luxury goods group, the total sales volume was 2 billion 600 million euros, up 3.3% compared with the same period last year, and increased by 4.4% at the constant exchange rate, a slight increase compared with the 4% growth in the second quarter. Among them, the sales volume of the luxury sector was 1 billion 700 million euro, the rate of growth under the exchange rate was 3.5%, slower than that in the second quarter; the sales of sports and lifestyle sectors were 900 million euro, and the growth rate reached a nominal rate under the constant exchange rate.

The growth rate of the luxury sector is mainly dependent on mature market outlets, of which the growth rate of the North American market is 12%, while Japan's +7% and Japan's Asia Pacific region (including greater China) increased by only 3% over the same period last year.

The results of the major brands in the luxury sector are as follows:

The Gucci brand, which is the core of the group's profit, dropped 1.9% in the quarter, compared with the 2.4% decline in the second quarter, but it is still not optimistic compared with the analyst's forecast of less than 1%.

The low performance of Gucci is inseparable from the protests in Hongkong and the deterioration of Singapore's trade.

According to Duplaix, chief financial officer of Kering, Chinese customers (including local and overseas)

It accounts for about 1/3 of Gucci buyers.

The Gucci direct store has increased by 11 at the end of the third quarter this year, reaching 485.

As for Gucci, there are also the following negative trends:

The Gucci sales volume in Japan and Russia showed a downward trend from the beginning of the year. The trend continued in the third quarter. In this quarter, the sales volume of Gucci Asia Pacific market outlets decreased by 5%, the Western European market dropped by 1%, and the number of small leather goods and bags products decreased, which resulted in Gucci wholesale sales continuing to shrink by 8% in the third quarter.

As the second largest brand of luxury sector, Bottega Veneta retail and wholesale two channels have achieved double-digit growth. Sales at the fixed exchange rate increased by 10.8% over the same period last year, but the growth rate was significantly lower than that in the first half of the year. +17.5%

Retail outlets grew in both mature and emerging markets, with a net increase of 7 to 228 at the end of the quarter.

The growth rate of Saint Laurent Paris in the main markets (Western Europe and North America) is very significant. Under the constant exchange rate, the overall growth rate reached 27.5%, which basically maintained the high growth rate of +28.2% in the first half of the year.

The growth rate of each category is also considerable: leather goods (+35%), women's garments (+49%) and men's Readymade Garments (+17%). As of the end of September, the number of outlets reached 122, with a net increase of 7, and both mature and emerging markets were distributed.

The overall growth rate of other brands under the constant exchange rate was 1.8%. Among them, "soft luxury", including leather goods, clothing and other products, sales increased by 5% year-on-year; sales of hard luxury items, such as watches and clocks, jewellery and so on, fell by 8% over the same period last year.

The number of direct outlets has increased by 21, reaching 360.

Puma (Puma) successfully launched the Forever Faster global advertising blockbuster in early August, driving the growth of 2014 autumn and winter products in Western European markets (6%), and the footwear products re started to grow (2%).