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Italian luxury brand Gucci increases sales in 2009 by 53.3% in the first half of Kering

Gucci’s sales returned to pre-pandemic levels in the first half of 2009, and sales of the Italian luxury group Kering increased by 53.3% from the first half of 2008 to € 7,708.0 million. The momentum in North America and the Asia-Pacific region was so strong that retail sales accounted for about 80% of total sales.

“Kering performed well in the first half and resumed a strong and profitable growth trajectory. All homes contributed to a sharp recovery in gross revenue, comfortably above 2019 levels and second quarter. Has achieved remarkable acceleration. ” François Henri Pinault, Chairman and Chief Executive Officer of Kering, Said in a press release.

According to the company’s statement, Kering’s online momentum continued to grow for the six months ended June 30, 2021, with e-commerce revenue up 78.5% year-over-year and 14% of total retail revenue. Occupied.

Gucci sales in the first half of 2009 increased by 45.8% to € 4,479.3 million. Gucci retail stores accounted for 91% of the Group’s total sales. However, in line with the brand’s strategy of transforming distribution in early 2020, wholesale sales were down 9.6% compared to the first half of 2010.

Yves Saint Laurent sales were € 1,045.5 million, up 53.3% from the previous year. The Italian group added that sales recovered in all geographic regions, especially in North America and the Asia-Pacific region, reflecting the continued success of both House’s iconic line and its new collection.

Bottega Veneta’s sales in the first half of 2009 increased by 40.6% to € 77.6 million, and wholesale sales increased by 44.6% year-on-year. This is because House has gained market share in a highly exclusive network of third-party retailers.

In addition, other homes in the group increased 60.5% compared to the first half of 2008 and recovered sharply with revenues of € 1,475.6 million. According to Kering, Balenciaga and Alexander McQueen performed as well as the jewelry house again.

“We are returning to real profitability and leveraging the brand’s aspirations while accelerating the pace of housing investment and strategic initiatives, especially strengthening monopoly and distribution controls. We are agile in this fast-moving environment and have the right assets, resources and strategies to make our journey a success, “Pinault concludes with the release.

Fiber2Fashion News Desk (JL)

Gucci’s sales rebounded to pre-pandemic levels, with Italian luxury group Kering’s first half (first half) sales up 53.3% from the first half of 2020 to € 7,708.0 million. Sales at directly managed stores accounted for approximately 80% of total sales in the first half of FY2009 due to strong momentum in North America and the Asia-Pacific region.



Italian luxury brand Gucci increases sales in 2009 by 53.3% in the first half of Kering

Source link Italian luxury brand Gucci increases sales in 2009 by 53.3% in the first half of Kering

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