MILAN — Global retail and wholesale growth and gains in its footwear and leather goods categories contributed to a 17 percent rise in Salvatore Ferragamo SpA’s 2012 preliminary sales.
In the 12 months ended Dec. 31, the Florence-based company reported revenues of 1.15 billion euros, or $1.47 billion, compared with 986 million euros, or $1.37 billion, in 2011.
Dollar figures were converted at average exchange rates for the periods to which they refer.
The Asia Pacific area remains the group’s core market, accounting for 36.3 percent of total sales, and up 17.5 percent compared with the previous year. The retail channel in the region contributed to the growth, showing a 20 percent jump. Lifted by tourists, Europe posted a 21.4 percent increase. North America grew 16.1 percent, almost entirely achieved on a like-for-like basis.
Sales rose 5 percent in Japan, supported by a favorable exchange rate, but fell 2 percent in local currency. Central and South America were also strong regions, showing a 26.5 percent increase.
As of Dec. 31, the group counted 338 directly operated stores, while the wholesale and travel retail channel included 268 third-party operated stores, as well as a presence in department stores and high-end multi-brand specialty stores.
Ferragamo’s retail distribution channel climbed 14.4 percent to 753.3 million euros, or $964.2 million.
The wholesale and travel retail channel grew 21.6 percent.
Footwear sales gained 19.6 percent and handbags and leather accessories rose 16.4 percent, together accounting for around 75 percent of total revenues. Fragrances climbed 20.4 percent and ready-to-wear 5.4 percent.
The group’s full 2012 financial results will be released March 21.
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)
Breaking News: @hedislimane joins @celine as its new artistic, creative and image director. One of fashion’s preeminent image-makers and trendsetters, Slimane is to join the LVMH brand on Feb. 1 and unveil his first fashion proposition for men and women next September during Paris Fashion Week. It marks a major homecoming for Slimane, who cemented his reputation – and influenced men’s tailoring for more than a decade – as the designer of Dior Homme between 2000 and 2007. He went on to reinvent and ignite the house of Yves Saint Laurent, which he rechristened Saint Laurent, between 2012 and 2016 – all the while maintaining a close relationship with the Arnault family, which controls LVMH and Dior. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
“Personally I believe the Eighties have been the richest and more vivacious period for international fashion,” Giorgio Armani said when asked what his favorite decade of fashion is. It was a moment of disruption and experimentation and only thinking back to the first years of that decade is always an emotion for me, for what they have meant to me and my work.” The influence is clear in @giorgioarmani spring 2018 collection, pictured here, which was full of bright colors and unexpected prints. Read more about which decades designers loved most on WWD.com #wwdfashion #wwddecades (📷: @aitorrosasphoto)
For Lady Gaga’s only Italian show on her “Joanne World Tour,” the singer wore a range of @versace_official outfits. The standout piece: this custom-made bodysuit inspired by the brand’s spring 2018 collection. #wwdfashion (RG: @ladygaga)
@_camillaruth_ is expanding on the wellness-craze concept with @westbourne – a new NYC restaurant that’s both a healthy-minded café as well as a business that gives back to the community. Marcus works with the Robin Hood foundation to give back to The Door, a non-profit providing youth development services, and also hires employees through The Door. Read our full interview with Marcus on giving back through food on WWD.com. #wwdeye (📷: @lexieblacklock)