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There Is No Escape From The Luxury Sector. The Latest Financial Reports Show Growth Stagnation.

2014/8/14 21:05:00 15

Luxury Financial Reports Show Growth Stagnation.

Like P LVMH and a href= http://sjfzxm.com/news/index_z.asp, LVMH group, Kai Yun group (Kering) and Compagnie (Financi Financi re Richemont), the company also suffered a brutal blow in the luxury market, mainly due to the rectification campaign of the Chinese government against corruption and the adverse fluctuations of the exchange rate. In the same period, pre tax profits accounted for 21.6% of sales, and recorded 103 million euros, or about 141 million US dollars, down 21%. Reporters previously reported that LVMH group announced a 4.3% decline in profits in the first half, while the net profit of Kai Yun group also recorded a 4.7% decline. 
 however, Diego Della Valle, chairman and chief executive officer of Tod 's, remains optimistic about the future and explains that the group has always limited its development in the medium term. He believes that the medium-term development plan will be effective in the near future. 
Since P "Tod" s has been optimizing its distribution network in Italy since 2012, its performance has been dragging its overall achievements. Such a strategy especially combating two brands of Hogan and Fay which are heavily dependent on Italy. In the first half of the fiscal year, Tod 's Group SpA's performance in Italy dropped by 7.8% compared with the same period last year, and its revenue shrank to 148 million euros, which is 203 million US dollars, accounting for 30% of the group's total sales. 
 from the perspective of geographical division, sales in the Americas mainly decreased due to the cost of renovation, and sales in the first half of the year decreased by 2.7%. The income in the Greater China region also dropped by 7.6%, to 1. 1 billion 700 million euros, or about 161 million US dollars, but Macellari said it favors the autumn market in Greater China. In addition to the above, regional performance increased by 16%, especially in Korea, Singapore, Japan and the Middle East. 
 by brand classification, Tod 's is still the main source of group performance, accounting for 60%, although the brand's current exchange rate performance fell 2 percentage points, recorded 290 million euros, or about 397 million dollars. Under the same exchange rate, the sales performance of the brand increased by 0.8 percentage points. The performance of Hogan and Fay fell by 6.1% and 4.9% respectively, only 104 million 500 thousand euros (143 million 200 thousand US dollars) and 22 million 800 thousand euros (31 million 200 thousand US dollars). Roger Vivier revenue rose 1.4% (5% at a constant exchange rate), recording revenue of 59 million 800 thousand euros, or about $81 million 900 thousand. 
 from a large scale, shoe series continue to remain in the core position of the group, with sales reaching 373 million euros (about 512 million US dollars) and the current exchange rate performance fell by 2.5% (0.4% below the constant exchange rate). Affected by the decrease in demand in the Greater China region, the performance of leather goods products dropped by 2.8% (a 0.7% gain at a constant exchange rate). 
 Tod "s" bad performance is obvious to all. Correspondents have reported that Tod s SpA recorded a 13.3% decline in operating profit in the first fiscal quarter of this year, which was only 46 million 300 thousand euros, or about 63 million 400 thousand dollars, in the first fiscal quarter of this year, and its operating profit was 53 million 400 thousand euros, or 70 million 500 thousand US dollars, in the first quarter of last year.