Inventory Of Global Luxury Goods, Sportswear And Fast Fashion In The First Quarter Of 2016

8 big Luxury goods Mixed feelings in the first quarter

Lu Wei Ming Xuan group (LVMH)

Luxury magnate Lu Wei Ming Xuan Group (LVMH) total revenue in the first quarter rose 4% to 8 billion 620 million euros ($9 billion 800 million), excluding the impact of exchange rate changes, the group's first quarter sales increased 3%. The group is in Asia. market On the other hand, the performance in the French market has been negatively affected by the decline of the tourism industry, which accounts for about 10% of the total business volume.

Kai Yun group (Kering)

Kai Yun group (Kering) revenue in the first quarter of 2016 was 2 billion 724 million euros, an increase of 4% over the same period last year. Luxury goods accounted for 1 billion 804 million euros in revenue, a 2.6% increase, and 913 million euros in sports and living revenue, a 7% increase.

Richemont group

Richemont, a Swiss luxury goods company, released a report that the group's profit grew in fiscal 2015. In the financial year ending March 31st this year, the net profit of the group rose from 1 billion 330 million euros in the same period last year to 2 billion 230 million euros (about 2 billion 500 million US dollars). Sales increased by 6% to 11 billion 80 million euros. Without considering exchange rate factors, the group's sales fell by 1%.

Hermes (HERMES)

In the first quarter of 2016 (end of March), HERMES consolidated revenues of 1 billion 191 million euros, an increase of 6% over the same period last year. Among them, the Japanese market grew by 13%, the Asian market (excluding Japan) grew by 4%, the US market grew by 4%, and the European market grew by 9%.

Boboli group (Burberry)

Burberry announced that its profits fell by 8% this year. In the fiscal year ending March 31st, boboley achieved a profit of 2 billion 510 million, a slight decrease of 1%. Net profit in the fiscal year was 309 million 500 thousand, compared with 336 million 300 thousand in the same period last year. Net profit fell. Excluding one-time items and adjusted pre tax profit of 420 million 600 thousand, compared with a profit of 455 million 800 thousand pounds a year earlier, there has also been a downward trend.

HugoBoss

German luxury brand HugoBoss2016 plunged 49% in the first quarter. Overall sales of HugoBoss in the first quarter were 642 million 600 thousand euros, down 3.7% compared to the same period last year, lower than market expectations, and the fixed exchange rate decreased by 3%. Net profit plummeted to 38 million 500 thousand euros from 75 million 600 thousand euros in the same period last year, the lowest in nearly six years.

　 Ferragamo (SalvatoreFerragamoSpA)

Italy luxury group SalvatoreFerragamoSpA recorded a 1.8% decline in revenue in the first quarter, down from 327 million 300 thousand euros in the same period last year to 321 million 500 thousand euros. In the first quarter, core profit EBITDA recorded an increase of 5.3%, from 61 million 80 thousand euros in the same period last year to 64 million 330 thousand euros, and net profit rose by 10.2% to 34 million 370 thousand euros. The main reason is that the three major markets in Asia, Europe and North America have all gone backwards and Japanese growth has slowed sharply.

CalvinKlein parent company PVH

PVH group of CalvinKlein, the US fashion brand, released its first quarter results. Its net profit rose to $231 million in the first quarter, up from $114 million in the same period last year. In the first three months of May 1st this year, group net sales rose to $1 billion 818 million, with net sales of $1 billion 790 million in the same period last year. CalvinKlein's total sales rose 13% to 739 million dollars, and TommyHilfiger's total sales rose 4% to 797 million dollars.

The 5 major sportswear grew strongly in the first quarter.

Nike (Nike)

Nike (Nike), the world's largest footwear manufacturer, rose 20.1% to $950 million in the third quarter of February 29th, and sales increased 7.6% to $8 billion 30 million in the quarter, mainly due to strong demand for running shoes, basketball shoes and sportswear, but sales remained below market expectations.

UnderArmourInc

UnderArmourInc, the sportswear company of the United States, made a profit of 19 million 200 thousand dollars in the first quarter, and the company's current operating income was $1 billion 50 million.

Adidas (Adidas)

Adidas (Adidas), after excluding goodwill impairment in the first quarter, has expanded its basic business profits by 38% to 350 million euros, with revenue rising 17% to 4 billion 800 million euros, and 22% after the exchange rate adjustment.

PumaSE Puma

In the first quarter, the sales and profits of the German sporting goods giant PumaSE Puma group were not as good as market expectations. In the first three natural months of 2016, Puma recorded a profit of 41 million 300 thousand euros, an increase of 10.1% over the same period last year. Net profit rose 4% to 25 million 800 thousand euros per annualized year. Sales increased by 3.7% to 851 million 900 thousand euros compared to the same period last year.

FootLocker

The US sports shoe giant FootLocker's first quarter profit was $191 million, an increase of 3.8% over the previous year. Sales in the first quarter increased from $1 billion 920 million to $1 billion 990 million. Same store sales increased by 2.9%.

The 4 fast fashion continues to decline in the first quarter.

Zara parent company Inditex

Zara parent company Inditex group's net profit in the first quarter increased 6% over the same period last year, mainly due to the steady growth of the company's sales. In the first quarter ended in April 30th, Inditex net profit rose to 554 million euros from 521 million euros a year ago. The company's quarterly revenue increased 12% to 4 billion 880 million euros over the same period last year. The appreciation of the euro has led to a 5% drop in sales of Inditex in some European markets.

H&M (Hennes&MauritzAB)

H&M (Hennes&MauritzAB) said exchange rate losses resulted in a 30% drop in first quarter profits. The net profit in the first quarter of three months was 2 billion 550 million Swedish kronor ($313 million), compared with 3 billion 610 million Swedish kronor last year. Over the same period, sales rose slightly, excluding VAT, rising from 40 billion 300 million kronor to 43 billion 700 million kronor. As of February 29th, H&M has operated 3970 stores, an increase of 419 stores compared with the previous year.

Fast Marketing Company (FastRetailing)

The fast selling company (FastRetailing), which runs casual clothing chain stores, such as UNIQLO, released its 2015 financial year semi annual report, which was affected by the poor performance of UNIQLO, and its net profit dropped by 55.1%, compared with the same period last year, only 47 billion yen. This is the first time in the past 5 years that net profit has declined for the first half year. This year's January winter clothing price promotions and other measures to increase sales revenue by 6.5%, reaching 10116 billion yen.

GapInc

GapInc reported that the first quarter of the company recorded a surplus of US $127 million, which recorded a total revenue of US $3 billion 440 million.