MILAN — Italian eyewear giant Luxottica SpA on Tuesday celebrated the end of its 50th birthday year by reporting record sales in 2011, and said it sees “a wealth of opportunities…which will yield even further growth” in 2012.
Driven by continued growth in both its wholesale and retail channels — and by strong performances in the U.S. and in emerging markets like China, India, the Middle East, Brazil and Eastern Europe — the company said full-year revenues reached 6.22 billion euros, or $8.65 billion, up 9.9 percent at constant exchange rates in 2010.
Dollar amounts have been converted at average exchange rates for the periods to which they refer.
Europe put in a “solid” performance despite the economic climate, Luxottica said, with sales growth in France, Germany, Spain and Italy. “Once again, Ray-Ban and Oakley sales performance was strong, and the premium and luxury brands grew steadily throughout the year,” the company added.
In the fourth quarter, turnover increased 11.2 percent, at constant exchange rates, to 1.51 billion euros, or $2.04 billion, boosted by an 8.7 percent gain in the wholesale channel and by a double-digit increase in retail, where Luxottica operates — among others — through its LensCrafters and Sunglass Hut units.
Boosting the wholesale channel in the fourth quarter were premium brands like Chanel, Tiffany and Persol.
Growth in the quarter was especially strong in the U.S., the company said, with turnover up more than 9 percent. Retail units LensCrafters and Sunglass Hut “recorded the best results for the holiday season” on a like-for-like basis, boosted by “special initiatives and focused promotions implemented during the period.” Luxottica didn’t issues sales breakdowns for each market.
In the statement, chief executive officer Andrea Guerra said the company “laid the foundation for lasting growth,” adding that “this trend is supported by our performance so far in 2012, both in terms of net sales and the orders in our portfolio.”
Luxottica said its wholesale division is benefiting from “the positive reception of the Coach eyewear collection” and pointed to strength in the retail channel, expected to benefit from continued consumer confidence in the U.S. and from sales at Sunglass Hut, which recorded “exceptional” results in the fourth quarter.
As part of its push into Latin America last year, Luxottica acquired eyewear retailer GMO and established Sunglass Hut in Mexico. Also Luxottica acquired producer and retailer Grupo Tecnol in Brazil, a market Guerra said “represents one of the most significant opportunities for our business worldwide.”
The company will issue full financial results on Feb. 28.
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews