How Does Poland Underwear Corin Manufacturer Design To Enter The Market?

According to Mr. Tadeusz Wawrzyniak, President of Poland garment and Textile Manufacturers Association, Poland underwear manufacturers are the fastest growing blocks for the garment industry, and many Poland companies have successfully sold abroad.

Many underwear manufacturers in Poland focused only on the Eastern European market not long ago, but now they export their products to the market.

Such as Germany, France, Britain and so on.

Poland underwear companies need to make a lot of efforts to get the trust of foreign buyers. However, once they are successful, they have the opportunity to substantially increase their sales.

Poland senior underwear

Its revenues range from several million to 20 million wave coins (about 4 million 700 thousand euros).

Specializing in advanced manufacturing

The Corin company of Poland accounts for 70% of its sales.

The company's largest export market is the United States and Canada, and is also negotiating with Portuguese and Spanish distributors.

At present, Corin products are sold in American boutiques, and the price of underwear is more than 100 dollars.

However, it took about 7 years for Corin to enter the US market successfully.

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Since the beginning of this year, the stock market value of Prada has evaporated 37%. Meanwhile, the market value of Hugo Boss has fallen by more than 20%.

Although the Thierry Cota of Societe Generale is still holding the rating of Hugo Boss, it will also expect the price to be reduced from 100 euros to 89 euros.

Deutsche Bank's Gilles Erico still maintains Prada's rating in "buying", but expects the price to be raised from HK $47 to HK $45.

Economic impact and geopolitics are the main reasons for the weak sales performance.

The huge risk and uncertainty of Hugo Boss on this year's investor day, Hugo Boss still maintained its higher single growth and 25% EBITDA profit margin target in 2020.

Unfortunately, due to the rise of mixed operation in the US market, the company's performance in the US market has been poor this year and has continued until 2016.

According to the current international political atmosphere, Japan is the only country that can foresee a strong growth momentum.

He also pointed out that the impact of the euro will be very clear in the coming summer.

"We are also in mainland China, Hongkong, and the North American market is facing a loss of 7% to 8%."

Gilles Erico said that although the three quarter performance was facing a two digit decline, Prada continued to simplify its wholesale business.

However, due to the monetary effect of gross profit reduction and the internal consumption of companies, the profit impact should lead to a certain amount of leverage.

The profit and sales per share in the 16 fiscal year have decreased by 9% and 3.4% respectively to cope with the poor performance expected in the three quarter and the global economic and geopolitical disputes.

Gilles Erico mentioned, "the reason we buy Prada stock is because we are optimistic about the brand's recovery capability. We believe that Prada can achieve the rebound in profit margins through scale drive."

The US market contributed 18% of the total sales this year, while the Greater China region contributed 8% of the total sales.

Analyst Thierry Cota believes that the performance of the entire European market will be affected by the geopolitical and French weak market performance.

Thierry Cota also indicated that the growth rate of retail sales of Hugo Boss in 2016 may be less than 5% in order to achieve the 2020 profit target.

Hugo Boss will continue to focus on improving sales of luxury goods and sales of women's garments.

Luxury goods sales from today's 10%~12% to 20% in 2020, while women's clothing from 11% today to 15% in 2020.

The company also hopes to focus on online store sales and the Chinese market.