The company attributed the result to the unusual warm weather that has affected the whole sector. The wholesale was the only profitable sales channel for the company between October 28 and January 27.
The Spanish giants keeps relying on marketplaces for its online offensive. Last October it already introduced Oysho, its intimate chain, in Lamoda.
The jewellery company had a revenue of 22.8 billion Danish crowns (3.05 billion euros) in 2018. After these results, the company launched a restructuring process.
The company registered sales valued in 7.52 billion dollars between July and December of 2018, 7% more.
The US company tripled its profit although its sales only grew by 1%. The company pointed out that the results exceeded the expectations.
The company added Stefano Sutter to its team, who will be in charge of the functions for the region of Europe and Near East.
The American company, owned by the Urban Outfitters group, has set itself the goal of equalling the 1.5 billion dollars of revenue it has in its local market in Europe.
The net profit of the group stood at 12.65 billion Swedish krona (1.21 billion euros), 21.8% less than in the previous fiscal year.
The Italian luxury company closed the last fiscal year with a revenue of 1.34 billion euros harmed by the multi-brand channel.
The French luxury giant earned 18% more, to 6.35 billion euros. The division of fashion and leather articles was the one that grew most, with an income of 18.45 billion euros.
The company of fashion distribution, number two in Spain by revenue, incorporated Josep Barberà into its managing team with the objective to boost online sales.
The Chinese company promoted Joseph Phi, who joined the company twenty years ago. In his current position, the executive will lead the operations of the supply chain.
The owner of Sandro, Maje and Claudie Pierlot registered a revenue of 1.01 billion euros during 2018 fiscal year boosted by the sales in America and Asia Pacific.
The Spanish manager will leave the Company on the next February 2. The new prime executive was Chief Operating Officer of the company between 2000 and 2010.
All economic news of the key fashion companies worldwide.
