How Is The Luxury Market In The Three Quarter?
The French luxury goods company LVMH has increased its revenue in the third quarter by 16%, thanks to the weakening of the euro and the strong sales performance of the wine and spirits sector, which overcame the negative impact of the slowdown in the growth of its fashion department.
Its fashion and luxury sector, including flagship brand Louis Weedon, has a revenue of 2 billion 940 million euros, and its alcoholic beverage business, which consists of Moet and Chandon and Hennessy brandy, sells to 1 billion 200 million euros.
The first half of fiscal year 2015, released by Richemont, the world's second largest luxury goods group, shows that group sales increased by 3% year-on-year, at a fixed exchange rate, lower than market expectations.
In the first half of this year, the Group recorded a profit of 1 billion 390 million euros, an increase of 5.7% from 1 billion 315 million euros a year earlier.
Net profit rose 21.6% to 1 billion 103 million euros compared to the same period last year.
In the first half, sales totaled 5 billion 821 million euros, up 14.7% from 5 billion 73 million euros a year earlier.
French luxury giant
Kai Yun group
(Kering) announced the third quarter earnings, thanks to the influx of tourists from Western Europe and Japan, and the total revenue of the group rose by 12%.
In the three months ending September 30th, the group's total revenue was 2 billion 890 million euros (about 3 billion 230 million US dollars).
Excluding the effect of money, sales increased by 3.1%.
Burberry, a luxury fashion company, reported that sales in the first half of the fiscal year did not change substantially compared with the same period last year because of the more stringent terms of trade in some major markets.
In the 6 months ended September 30th, boboley achieved 774 million pounds of store and online retail sales, a growth rate from 8% in the first quarter to 2%.
Total sales (including wholesale and authorized business) were flat, at 1 billion 100 million pounds ($1 billion 690 million).
Hugo Boss, a luxury giant and fashion retailing group in Germany, announced that its net profit in the third quarter fell by 23% due to its sales in China and the US market, while Hugo Boss rose 4% to 744 million 100 thousand euros in the third quarter of.
Net profit in the third quarter was 88 million 500 thousand euros, down from 114 million 700 thousand euros in the same period in 2014.
Ralph Lauren (Ralph Lauren), America's top garment company, achieved a net profit of $160 million in the second quarter, down from 201 million US dollars in the same period last year.
The company's current revenue declined by 1.3% to $1 billion 970 million.
American fashion and luxury brands Calvin Klein and
Tommy Hilfiger
The parent company, PVH Corp third, made a profit of $221 million 900 thousand in the quarter, and the company's current revenue was $2 billion 160 million.
Coach announced that its profits and sales continued to decline year-on-year, but the company's previous pformation plans are gradually advancing.
In the first quarter of September 26th, Coach's sales in the global market dropped 3% compared to the same period last year.
Net sales fell from $1 billion 40 million in the same period last year to $1 billion 30 million.
Coach's profit was $96 million 400 thousand, compared with $119 million 100 thousand in the same period last year.
Us luxury brand Mike Michael (second Kors) grew 6.9% to $1 billion 130 million in the same quarter.
The company realized a profit of $193 million 100 thousand in the quarter, and the company achieved a profit of $207 million during the same period last year.
Italy fashion company
Prada
(Prada) net profit fell during the 9 months ended October 31st.
Prada's net profit for the period was 235 million euros (US $258 million 100 thousand), down 26.4% from the same period last year, and operating profit of 373 million 900 thousand euros (US $410 million), down nearly 25% from the same period last year.
Revenue was 2 billion 580 million euros (US $2 billion 830 million), an increase of 1.2% over the same period last year, mainly due to the positive impact of exchange rate changes.
Excluding the impact of exchange rate changes, the revenue in the period dropped 7% compared to the same period last year.
Ferragamo, a luxury goods group in Italy, announced its latest financial results. In the first nine months ended September 30th, although all its markets were growing and driven by the reliable gain of China's retail network and handbags and leather accessories, group net profit fell by 0.3% to 113 million 400 thousand euros (about $125 million 400 thousand).
The total revenue was 1 billion 20 million euros (about 1 billion 130 million US dollars), a 7% increase compared to the total income of 957 million euros (about 1 billion 290 million US dollars) in the same period last year.
The profit before interest tax depreciation and amortization increased by 7% to 218 million euros (about 242 million US dollars) EBITDA.
Italy luxury group Tod 's released relevant data of the group in the first 9 months of this year.
Revenue reached 786 million euros, an increase of 6.2% over the same period last year.
All its brands have achieved good results.
Tod 's grew by 5.1%, to 453 million euros; Hogan increased by 3.1% to 176 million euros; Roger Vivere increased by 20.1% to 112 million euros.
The growth rate of Fay alone was flat compared with the same period last year, with a turnover of 43 million 800 thousand euros.
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