MILAN — Growth in its core footwear and handbags categories and a jump in its retail channel in China lifted Salvatore Ferragamo SpA revenues by 9.1 percent to 1.25 billion euros, or $1.65 billion, in the year ended Dec. 31. This compares with revenues of 1.15 billion euros, or $1.47 billion, in 2012.
At constant exchange rates, revenues would have grown 10.6 percent.
Dollar amounts are converted at average exchange for the periods to which they refer.
The Asia-Pacific area was confirmed as Ferragamo’s main market in terms of revenue, accounting for 37.1 percent of the total. Sales in the region were up 11 percent and reached 466.5 million euros, or $615.7 million. The retail channel in China provided a major contribution, showing 20 percent growth.
Boosted by tourist flows, revenues in Europe gained 12.8 percent to 326.3 million euros, or $430.7 million, accounting for 26 percent of the total. The U.S. was up 13 percent to 290.3 million euros, or $383.2 million.
The Japanese market would have shown an increase of 0.7 percent at constant exchange to 116.1 million euros, or $153.2 million, but at current exchange, sales dropped 13.5 percent due to the weak yen.
Revenues in Central and South America rose 12.5 percent, accounting for 4.7 percent of the total.
By category, footwear sales rose 7.5 percent, and handbags and leather accessories gained 16.4 percent, together accounting for more than 76 percent of total revenues. Fragrances rose 13.7 percent, representing 6.3 percent of the total. Ready-to-wear decreased 4.5 percent, accounting for 8.2 percent of sales.
Sales in the retail channel were up 6.6 percent, accounting for almost 64 percent of the total. The wholesale and travel-retail channel showed 14 percent growth.
@pantone announced their Color of the Year 2018: Ultra Violet. Nearly 20 months after the musician Prince’s death, fashion is having a purple moment. Varying shades of purple appeared on spring or fall runways, from @christopherkane to @calvinklein. @gucci’s Alessandro Michele bathed his fall runway in ultra violet-colored light at one point. Pantone 18-3838 is meant to “push the boundaries of what inspires us to look upward and outward to the future.” #wwdnews #wwdfashion (📷: @kukukuba)
@badgalriri’s @fentybeauty launch in September was a massive success on social media, powering $72.9 million of earned media value, according to Tribe Dynamics. The brand’s foundation offering sparked conversations about diversity in beauty, launching the growth of emerging influencers and propelling the brand’s support on social media. Today, #fentybeauty won Launch of the Year at the WWD #BeautyIncAwards. (📷: Chema Moya/EPE-EFE)
@marianna_hewitt has become one of the most influential content creators in the beauty space, with almost 800,000 Instagram followers and a newly launched skin care line called @SummerFridays. Today, she was awarded Influencer of the Year at the WWD #BeautyIncAwards. (📸: @sophiachabbott )
As shopping behaviors evolve, the retail experience must follow. Head over to retail experts @colliersinternational’s Knowledge Leader series to read more about the shift in our shopping era. #colliersretail #lovecolliers
@prada opened a pop-up club, called Prada Double Club, in collaboration with German artist Cartsen Höller at @artbasel Miami. Last night, guests – including @youngparis, @ritaora and even Miuccia Prada herself – gathered in a former ice factory where the pop-up is housed for a performance from @wyclefjean. Go to WWD.com for full coverage on all the exhibits, parties and more at #ArtBaselMiami. #wwdeye (📷: @lexieblacklock)
@louboutinworld and @disney are making magic once again, creating a set of shoe designs for the release of “Star Wars: The Last Jedi.” Louboutin designed a pair of shoes for each of the film’s four female leads: Rey (@daisyridrey), Vice Admiral Amilyn Holdo (@lauradern), Captain Phasma (Gwendoline Christie) and Rose Tico (@kellymarietran). The shoes will debut on Saturday at the L.A. premiere of the latest episode. #wwdfashion
Today at the #BeautyIncAwards 2017, WWD will be joined by beauty leaders from around the world as we honor this year's most innovative people, products, brands and places. Follow along here and on Twitter for live coverage from the exclusive event. #wwdsummits (📷: @elizaflorendo)
Exclusive: Beauty superinfluencer @marianna_hewitt is launching her first-ever skin care brand with her business partner @laurengores. Their new line Summer Fridays, which will be sold exclusively at summerfridays.com starting in January, is launching with just one product – a hydrating cream Jet Lag Mask. “We wanted to focus on one product that was amazing,” said Hewitt. Read the full interview on WWD.com. Link in bio. #wwdbeauty #wwdnews
Michelin star-rated chef PJ Calapa marks his first solo endeavor with today’s opening of @scampinyc –– the new Southern Italian restaurant located in Manhattans’ Flatiron District. The upscale yet welcoming environment matches the menu, which includes two types of scampi: traditional Italian langoustines in butter and the Americanized version with shrimp over pasta 🍤 - pictured here. #wwdeye (📷: George Chinsee)