WOLFORD SALES GROW TO $38.9M
PARIS — Luxury hosiery maker Wolford AG reported last week that third-quarter sales increased 5 percent to $38.9 million.
In the nine-month period ended Jan. 31, sales grew to $104.2 million, compared with $99.2 million in the same period a year earlier. By region, Wolford said sales in the nine months gained 82 percent in the Far East, 56 percent in the U.S. and 25 percent in Japan.
Dollar figures are converted from the euro at current exchange.
In its core European market, sales increased 23 percent in Spain, 11 percent in The Netherlands, 7 percent in the U.K. and 5 percent in Switzerland. Meanwhile, sales declined 13 percent in Italy, 16 percent in Germany and 3 percent in its home market of Austria.
Wolford said turnover in its 264 boutiques worldwide climbed 24 percent. Fifty-four of those shops are wholly owned.