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Ferragamo FY17 Revenues Drop three.1 %

The Salvatore Ferragamo Group, in its preliminary results statement for fiscal year 2017 mentioned that total consolidated income amounted to 1,393 million euros (1,728.9 million dollars), down three.1 p.c at present change and 1.Four percent at fixed alternate charges towards FY16. Revenues in the fourth quarter, the company said, registered a lower of eight.Four percent or 5.1 % at fixed exchange, penalized by the currencies trend and by the lower incidence of promotional sales in the first channel towards final 12 months.

As of December 31, 2017, the group’s retail community consisted of 685 points of gross sales, including 410 immediately operated stores (DOS) and 275 third celebration operated stores (TPOS) in the wholesale and journey retail channel, as effectively because the presence in department shops and multi-model specialty stores. In FY17 the retail distribution channel posted 0.Eight p.c decline in consolidated revenues however revenues rose 1.Three p.c at constant change charges, with a lower of 1.7 percent at fixed change charges and like-for-like sales. The wholesale channel, the company added, penalized by the destocking exercise, the political tensions in South Korea and the strategic rationalization in Japan, registered a lower in revenues of 7.4 p.c at current alternate and 6.2 percent at constant alternate rates.

Geographical evaluation of Ferragamo’s ferragamo mid sneakers results
The corporate stated, Asia Pacific space is confirmed as the group’s prime market when it comes to revenues, reducing by 2.1 % or zero.Four p.c at fixed alternate rates, penalized by the comfortable trend in South Korea, principally as a result of the numerous lower of Chinese tourists, and the on-going negative efficiency in Hong Kong. Nonetheless the retail channel in China reported a 2.5 percent or 7 p.c income progress in FY17.

Ferragamo Low-Heel Vara Pump DardredRevenues in Europe decreased three.6 % or 3 p.c at fixed change charges, with a constructive efficiency for the retail channel and a detrimental pattern for the wholesale business, negatively impacted by the destocking activity. North America recorded a revenue decrease of four.2 p.c or 2.2 percent at constant trade rates, additionally negatively impacted by the malls sales. The Japanese market registered a 5.6 p.c or three.1 p.c lower at fixed trade charges, as a consequence of rationalization of the wholesale channel, whereas the retail shops recorded a positive efficiency at constant trade charges. Revenues within the Central and South America grew by 2 percent or 6.5 % at constant change rates.

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