Sales – Page 12 – Beautifaire

2 May

Sales of Italian Leather Rise; Concentrate on Interiors

MILAN — Italy’s leather industry is anticipated to report an increase in turnover of about 7.3 percent in 2022 to 4.5 billion euros, boosted by a 5 to 7 percent increase in sales to the interiors segment, in line with preliminary estimates by UNIC, Italy’s Tanners’ Association. In a document sent to WWD on Tuesday, UNIC said exports of Italian-made leathers to the U.S. rose by 2 percent in 2022 in comparison with 2021, while exports to France led gains, rising 33 percent last yr, followed by Spain, up 25 percent, and Portugal, up 20 percent. Exports to the U.S. were still down 4 percent in comparison with pre-COVID-19 2019 levels. Production volumes of Italian leather fell by 2.6...

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27 Apr

Prestige Beauty Sales Grew 16 Percent In Q1 2023,

by Beautifaire101

Beauty, Featured

Prestige Beauty Sales Grew 16 Percent In Q1 2023,

Faced with mounting economic turmoil, beauty sales aren’t faltering yet. In keeping with data from Circana, prestige beauty sales reached $6.6 billion throughout the first quarter, up 16 percent from the identical period last 12 months (and so continuing 2022’s trend of double-digit increases inside each category). Mass beauty also continued to swell, ringing in $7 billion in sales — a ten percent increase versus the identical period last 12 months. Each category inside the mass channel saw double-digit dollar sales increases, aside from hair care, which grew 7 percent. It’s price noting, though, that while the expansion in prestige beauty sales has been largely on account of increasing unit sales, mass beauty sales against this grew mainly due to...

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24 Apr

Valentino Reports Profitability, Sales Growth in 2022

by Beautifaire101

Beauty, Featured

Valentino Reports Profitability, Sales Growth in 2022

MILAN — A rebalancing of its retail and wholesale channels contributed to Valentino’s gains in revenues and profits last 12 months. Within the 12 months ended Dec. 31, sales on the Rome-based couture house reached 1.42 billion euros, climbing 15 percent compared with 1.23 billion euros in 2021. At constant exchange, revenues rose 10 percent. “After years of single-digit growth, we succeeded in going beyond,” said chief executive officer Jacopo Venturini proudly. He attributed this to a change in the corporate’s business model. Valentino reported 21 percent growth in its directly operated stores network, including e-commerce, while the wholesale channel registered a 6 percent decrease. “These results are fully in keeping with our strategy of rebalancing wholesale versus retail by increasingly reducing the wholesale activity...

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14 Apr

Design Firms to See Regular Sales; Consolidation in 2023

by Beauty Tips

Fashion, Featured

Design Firms to See Regular Sales; Consolidation in 2023

MILAN — Little question, the pandemic era was a time to focus on one’s living and private working space. This renewed sense of pride in the house and office fueled substantial growth and consolidation for the design sector’s players across the globe last 12 months, a trend that is anticipated to persist throughout 2023. “We see potential for a 5 to 7 percent CAGR (compound annual growth rate) as a stable range of growth in the long run,” Claudia D’Arpizio, a Bain & Co. partner and Global Consumer Products and Retail lead told WWD. “Within the short term, we see headwinds emerging within the U.S. and Nordic countries, mostly linked with rising mortgage rates slowing down real estate. At the identical time,...

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