How Did Global Luxury, Fast Fashion And Sports Brands Perform In 2015?
European luxury group LVMH's third quarter revenue grew by 16%.
Thanks to the weakening of the euro and the strong sales performance of the wine and spirits sector, the negative impact of the slowdown in the growth of its fashion sector has been overtaken.
Its fashion and luxury sector, including flagship brand Louis Weedon, has a revenue of 2 billion 940 million euros. As a group's star brand, Louis Weedon occupies about half of its operating profit, and its brand growth in the third quarter is slightly lower than that of the fashion and leather products department.
Detailed report: Louis Weedon's third quarter sales slump, the Chinese market worsens
The first half of the fiscal year 2015 released by Richemont, a luxury 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.
In addition, the group announced that Cartire CEO Stanislas de Quercize quit because of private reasons, and former LVMH Japan President Cyrille Vigneron will succeed him.
Detailed report: it will be difficult in the second half of the year, investors panic and share price plunge 8%
The French luxury giant Kering announced its third quarter earnings, thanks to the influx of tourists from Western Europe and Japan, and the total revenue of the group rose 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 currency effects, sales increased by 3.1%.
However, the road to revival of Gucci is still difficult. Gucci takes up 1/3 of the total revenue of Kai Yun group. According to the third quarter earnings report, Gucci brand revenue has dropped 0.4%, and Gucci has gained 4.6% growth as a result of discount sales in the second quarter.
In the first half of this year, Burberry group retail
Turnover
The increase was only 3.5%, to 774 million pounds ($1 billion 190 million), and analysts thought the result was disappointing.
According to Citibank's Thomas Chauvet, according to the current level of financial crisis, the performance from July to September is the most negative since the third quarter of 2009, which is the worst performance in the past 6 years.
Detailed report: there is no way out for China's depressed market. Burberry group has the worst performance in 6 years, and the share price has dropped 12%.
German fashion retail group Hugo Bos Hugo Boss announced that its sales fell by 23% in the third quarter as its sales in China and the US market declined, while Hugo Boss grew 4% to 744 million 100 thousand euros in the third quarter.
Areas with severe falls include the Americas and the Chinese market.
Sales in the Americas fell by 7%, sales fell 10% in the US area, and 12% in the Asia Pacific region, and double digits in the Chinese region. The group thought that the fashion retail industry was deteriorating rapidly, and the weak tourism demand further intensified.
Detailed report: China's market is deteriorating rapidly Hugo Boss third quarter profit plunged 23%
Italy luxury group Prada declined in net profit for the 9 months ended October 31st, with net profit of 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.
Excluding the impact of exchange rate changes, the revenue in the period dropped 7% compared to the same period last year.
Since the beginning of this year, Prada's stock market value has evaporated by 37%.
Detailed report: Prada meets devil, group market value evaporates 60 billion
Hermes group's third quarter sales increased 15.4%, thanks to strong sales of garments and accessories.
As of September 30th, the Hermes group's total revenue in the third quarter amounted to 1 billion 140 million euros ($1 billion 270 million), excluding the impact of exchange rate, and the revenue grew 7.9% in the same quarter.
Platinum and Hermes scarves are still popular among consumers, with sales in Japan rising by 19%, and in Europe by 10%, while in the United States by 7%, and in Asia (excluding Japan) by 5%.
Detailed report: Hermes predicts that this year's profit will be lower than that of 2014. The Chinese market is still full of uncertainty.
In the first fiscal year of the new financial year, Christian Dior revenue reached 471 million euros, or 553 million 400 thousand US dollars, an increase of 12.9%.
Excluding the factors of exchange rate fluctuations, Christian Dior achieved an organic gain of 5% in the first quarter of September 30th.
In terms of retail sales, the real exchange rate and the constant exchange rate increased by 15% and 7% respectively, slowing down compared with the three and fourth quarter growth rates in the previous fiscal year.
Detailed report: Dior Dior's first quarter revenue growth has begun to slow down, and 2010 has closed more than 30 unprofitable stores so far.
Italy luxury group
Ferragamo
(Salvatore Ferragamo SpA) announced the latest financial results. In the first nine months ending September 30th, although all its markets were recorded growth and driven by the reliable gain of China's retail network and handbags and leather accessories, group net profit still edged down by 0.3% to 113 million 400 thousand euro yuan (about 125 million 400 thousand US dollars).
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 recently released the first nine months of its earnings report, its total sales amounted to 787 million euros, lower than the previous Thomson Reuters analysts average expected 789 million euros.
As of September 30, 2015, the Tod's China Group's revenue in the Greater China market plummeted by 14%. Tod's group, like other luxury brand counterparts, suffered from the negative impact of China's consumer spending decline.
Tod's group owns the same brand name Tod's, Hogan, Fay and Roger vivier brand, according to the brand, the best performance is still Roger Vivier, its sales rose 20.1% to 112 million 100 thousand euros.
Detailed report: the performance of Hong Kong and Macao continues to be weak, and sales of Tod's group in Greater China are down 14%.
In the first three months to September 26th, the US apparel brand Ralph Lauren declined by 20.4% to 160 million US dollars and diluted earnings per share to US $1.86; compared with a year ago, net income was US $201 million and diluted earnings per share were US $2.25.
Net revenue fell 1.2%, from $1 billion 990 million last year to $1 billion 970 million.
Although the second quarter profits and turnover are lower than a year ago, Ralph Lauren performance is still ahead of Wall Street expectations.
In the meantime, Ralph Lauren, the father of Polo, resigned as CEO, and the former Stefan Larsson of H&M became the new CEO of the group.
Detailed report: stock surging 13% return to 10 billion market value fast fashion background executives take over Ralph Lauren CEO capital sought after
Moschino parent company
Aeffe
SpA's net profit plunged 37.9% to 1 million 500 thousand euros in the first nine months to September 30th, compared with 2 million 500 thousand euros in the same period last year.
Financing has affected the profitability of Aeffe SpA in the first 9 months of this year, but revenue has increased.
Aeffe SpA has Moschino, Alberta Ferretti, Philosophy di Lorenzo Serafini and Pollini multiple brands, and is responsible for the production and distribution of C and Serafini.
Italy clothing group Valentino ended in the first half of fiscal year 2015, its sales rose from last year's 301 million euros (about 412 million 300 thousand U.S. dollars) to 478 million euros (about 530 million 600 thousand U.S. dollars), or 59%.
Profits before tax depreciation and amortization rose to 87 million 500 thousand euros (about 971 billion US dollars), compared with 46 million 700 thousand euros (about 64 million dollars) in the same period last year.
Among them, 10% of the growth is related to the foreign exchange rate, which is the first time that Valentino has published semi annual financial data.
In the six months ending September 30th, the British leather brand Mulberry group made a profit of 120 thousand pounds, a loss of 410 thousand pounds in the same period last year.
Revenue rose 4.8% to 67 million 800 thousand pounds in the first half.
In the 10 week ending December 5th, retail sales rose 4% compared with the same period last year, an increase of 5% over the same period last year.
The group pointed out that retail sales will continue to grow to the second half of the year, and the new pricing strategy has entered into force in the second half of last year.
So far, sales in the second half of this year have recorded strong growth, especially in the digital sector by 18%.
The first quarter profit and sales of Coach, a luxury luxury brand in the US, continued to decline compared with the same period last year, but the company's previous pformation plans are progressively 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 in the fiscal year dropped 0.8% to $1 billion 30 million from $1 billion 40 million in the same period last year, and Coach's profit was $96 million 400 thousand, compared with $119 million 100 thousand in the same period last year.
The fashion retailing industry is entering the recession in the cold winter. Coach suddenly retire and close the flagship store in central Hongkong.
Us light luxury brand Michael Kors second revenue grew 6.9% to $1 billion 130 million over the same period.
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.
Michael Kors said its net profit fell by 6.7%, but its net turnover increased by 7.6% and earnings per share exceeded Wall Street's expectations.
Michael Kors chairman and CEO John D. Idol said the company will withdraw its stock investment in department stores, which will reduce brand discount promotions.
Detailed report: light and extravagant giant's latest quarterly performance has rebounded. What did Michael Kors do?
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