Luxottica Group SpA said Monday sales fell in the fourth quarter, but forecast a resumption of overall growth in 2010.
The Milan-based eyewear giant reported sales in the final three months of 2009 dropped 6.4 percent to $1.16 billion euros, or $1.71 billion, from $1.24 billion euros, or $1.63 billion, in the year-ago period. However, adjusting for the extra week of North American selling in 2008 and an extra week in Asia-Pacific and South Africa last year, the decline was 3.4 percent and, excluding currency fluctuation, translated into a 2.1 percent increase, the firm’s best top-line performance of the year.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)