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Sales of Italian fashion retailer OVS surge despite shrinking market

OVS, a leading Italian fashion retailer, reported sales in the second quarter of 2009 (second quarter) increased by 35.4% from the corresponding quarter of the previous fiscal year to € 369.7 million in the second quarter of 2019. Increased by 11% from. However, net income for the quarter ended July 31, 2021 fell to € 318.2 million (Q2 2008: € 410.6 million).

OVS, a leading Italian fashion retailer, reported sales in the second quarter of 2009 (second quarter) increased by 35.4% from the corresponding quarter of the previous fiscal year to € 369.7 million in the second quarter of 2019. Increased by 11% from. However, net income for the quarter ended July 31, 2021 fell to € 318.2 million (Q2 2008: € 410.6 million).

“Fourth quarter sales were up compared to 2020 and even more significant compared to 2019, but the market shrank 4.7% during the same period. This was the first time this year. It helped to recover some of the sales lost in the three-month blockade. ” OVS CEO Stefano Berardo, Said in a press release.

OVS, a leading Italian fashion retailer, reported sales in the second quarter of 2009 (second quarter) increased by 35.4% from the corresponding quarter of the previous fiscal year to € 369.7 million in the second quarter of 2019. Increased by 11% from. However, net income for the quarter ended July 31, 2021 fell to € 318.2 million (Q2 2008: € 410.6 million).

“This has further increased our market share, which now reaches 9%. OVS has a market share in the previous quarter compared to international players operating only through digital channels. It was also the fastest growing group. Multi-channel has continued to be a key element of the market in which we operate, and our group is benefiting from it, ”Berald continued. ..

OVS, a leading Italian fashion retailer, reported sales in the second quarter of 2009 (second quarter) increased by 35.4% from the corresponding quarter of the previous fiscal year to € 369.7 million in the second quarter of 2019. Increased by 11% from. However, net income for the quarter ended July 31, 2021 fell to € 318.2 million (Q2 2008: € 410.6 million).

According to the company, online sales were up 30% compared to the second quarter of 2008, up 77% from 2019. Adjusted EBITDA for the second quarter increased to 54.5 million euros (36.1 million euros) and EBIT improved to 39.9 million euros (21.2 million euros). ).

OVS, a leading Italian fashion retailer, reported sales in the second quarter of 2009 (second quarter) increased by 35.4% from the corresponding quarter of the previous fiscal year to € 369.7 million in the second quarter of 2019. Increased by 11% from. However, net income for the quarter ended July 31, 2021 fell to € 318.2 million (Q2 2008: € 410.6 million).

“The new third-party brands in OVS’s commercial products are attracting new customers, enabling both excellent cross-selling with group-owned brands and better inventory management in some product categories. Some of these are very strong, especially in women’s clothing, with double-square-meter sales per square meter, making it one of the best-performing segments of the quarter. ” Mr. says.

OVS, a leading Italian fashion retailer, reported sales in the second quarter of 2009 (second quarter) increased by 35.4% from the corresponding quarter of the previous fiscal year to € 369.7 million in the second quarter of 2019. Increased by 11% from. However, net income for the quarter ended July 31, 2021 fell to € 318.2 million (Q2 2008: € 410.6 million).

Clothing and accessories retailers have attracted about 12% of their customers over the past year, but the number of customers buying both online and through physical channels continues to grow.

OVS, a leading Italian fashion retailer, reported sales in the second quarter of 2009 (second quarter) increased by 35.4% from the corresponding quarter of the previous fiscal year to € 369.7 million in the second quarter of 2019. Increased by 11% from. However, net income for the quarter ended July 31, 2021 fell to € 318.2 million (Q2 2008: € 410.6 million).

“The Group’s own brand has also significantly enriched its commercial offers, allowing the Group to cover a higher position in terms of quality and price, thus increasing sales density. A clear example of success is the Piombo brand launched last fall / winter in the menswear segment, which was also very strong during the spring / summer period. This year’s fall / winter collection is the Piombo brand for womenswear. Was launched and there were early signs of success in this category as well, “Beraldo added further in the release.

OVS, a leading Italian fashion retailer, reported sales in the second quarter of 2009 (second quarter) increased by 35.4% from the corresponding quarter of the previous fiscal year to € 369.7 million in the second quarter of 2019. Increased by 11% from. However, net income for the quarter ended July 31, 2021 fell to € 318.2 million (Q2 2008: € 410.6 million).

“The Upim Business Unit has also successfully pursued its expansion plans, increased its presence with a local approach, provided complete local services to meet daily needs, and created a multi-brand store with the last decline in market share. We offered entrepreneurs a year, a valid business option, “Berald concludes.

Fiber2Fashion News Desk (JL)



Sales of Italian fashion retailer OVS surge despite shrinking market

Source link Sales of Italian fashion retailer OVS surge despite shrinking market

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