PARIS — Sales at Italian fashion house Etro grew 10 percent in 2007 to 295 million euros, or $404.4 million at average exchange, following a raft of store openings, mainly in emerging markets.
Etro SpA said Tuesday it opened 37 stores worldwide last year, from Lithuania to India, and added that it would continue that trend, with a program of openings in 2008 in the Middle East, the Far East and Eastern Europe, in a bid to grow sales by 10 to 15 percent this year.
Etro also said it would seek to improve its positioning in Europe, its largest market, by opening a unit in Barcelona and renovating its boutique in Milan, as well as expanding its Madison Avenue store and opening a second New York unit in SoHo. Etro's retail network totaled 169 units at the end of last year. Regarding 2007 revenues, Etro highlighted increases of 89 percent in China, 67 percent in Turkey, more than 50 percent in Singapore and Taiwan and almost 40 percent in Russia.
@juicebeauty, where @gwynethpaltrow holds the title of creative director of makeup, has become one of the foremost labels in the organic beauty category –– with sales on track to hit $100 million this year. What’s behind the rapid growth the brand is experiencing right now? It all started in 2005 when the wellness movement was just getting started. Read more on WWD.com. #wwdbeauty
Stay up to do date with breaking news and trending stories with WWD’s “The Essentialist.” Our newsletter delivers the top news in fashion right to your inbox. Want more info? Link in bio. #wwdfashion (📷: @kukukuba)
"I want to tell a story that inspires people to feel good about themselves, but also I'm making a commentary about the lack of female stories and female directors and saying this should change," said @imheathergraham on her latest project "Half Magic." The comedy feature, which the actress wrote and directed, is based on her own struggles as a woman in show business. Read @andrewnodell's full interview with Graham on WWD.com. #wwdeye (📷: @jgreenery)
@meltcosmetics cofounders @lora_arellano and @danabomar built their brand on a single idea: a true matte lipstick. To set the brand apart, they said they always put their customers first –– including a personalized note in each package. #wwdsummits #wwdbeauty
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.