Jimmy Choo Recorded A 9.2% Revenue Growth In The First Half Of This Year.

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PLC announced a 9.2% increase in revenue in the first half of this year, while Jimmy Choo PLC PLC growth in mid term revenue was 6.1% faster than that in the 2015 fiscal year. Revenue increased from 158 million 500 thousand pounds to 173 million 100 thousand pounds in the same period last year. However, after excluding exchange rate impact, the growth rate dropped from 7.2% in 2015 to 3.8%, while retail sales in the retail outlets showed a 4% decrease, while 1.1% increased in the same period last year.

However, chairman of Jimmy Choo PLC Peter Harf still believes that the prospects for the brand are excellent, especially because of the strong depreciation of the pound and the strong start in the second half of the year, and the global business has great potential for growth.

With regard to the depreciation of the pound, the group disclosed that 9.5% of the global sales were paid in pounds, while 18% of the operating expenses were paid in pounds.

Britain's referendum decided to depart from Europe. The depreciation of the United Kingdom has made the country the cheapest market of global luxury goods, promoting a large number of international tourists to travel and shopping. In July, the export of Rui watches to the UK increased by 13%, which is the only major market to achieve growth.

In the first half of the year, the group grew in both mainland China and Hongkong. The same store sales in the former increased double-digit growth, pushing the Asian market apart from Japan to take the lead after 17.9% of the exchange rate.

The largest market for luxury goods sold by terrorist threats and tourists has been hit by a 8.4% increase, which is mainly supported by the British market and European domestic demand. EMEA

Japan's revenue has risen by 6.1%, and the steady demand in China has offset the decline in the consumption of Chinese tourists, and men's shoes are particularly popular in the region, accounting for 26% of the income of the region, far higher than the 8% of the group's total revenue.

The Jimmy Choo PLC, which has set up 20th anniversary of the total, has only launched male products in 2011. Now the Group expects that the proportion of this category will exceed 10% in the near future.

In the five big markets, only 8.6% of America's revenue declined, the weaker demand for American luxury goods and the reduction of orders in department stores had a great impact on the area. The group has nearly completed its adjustment to the proportion of the US business. At present, wholesale accounts for only 10% of the local revenue.

However, the weakness of us wholesale business did not prevent the entire wholesale channel from achieving 5.6% growth in the first half of the year after excluding the exchange rate, increased to 59 million 600 thousand pounds, increased retail revenue by 2.1% to 107 million 300 thousand pounds, and authorized business rose 18% to 6 million 200 thousand pounds on the hot selling of perfume and glasses.

As of June 30th, the retail network has 147 stores in the world, 40% of which have been upgraded to the latest design concepts, and the sales performance is excellent.

The group maintains the target of adding 15 new stores a year.

In terms of profitability, Jimmy Choo PLC has achieved a profit of 25 million 260 thousand in the medium term, a sharp increase of 42.6% over the past year.