More From Gordon Sorlini
Altagamma Eyes Recovery in Luxury, Sees China in Driver’s Seat
Some sectors, like luxury, are seen recovering quicker than others.
Safilo Cuts Loss, Sees Impact of Coronavirus
After a strong first two months of the new year, Safilo has seen a sharp drop in sales due to COVID-19.
Safilo Sales Flat as U.S. Logistics Issue Weighs
The eyewear firm is eyeing launches to boost U.S. business.
Tod’s Sees Sales Slide, Looks to Elbaz Line to Help Turnaround
The group saw sales decline across its brands in the first quarter, led by its flagship Tod's label.
Safilo Points to Recovery After IT System Problems
Safilo said first-quarter net sales were up 6.9 percent at current exchange rates to 250.9 million euros.
Store Openings, China Drive Cucinelli Sales Up 10 Percent
Same-store sales rose 4.2 percent in the nine-month period.
Delivery Issues Weigh on Safilo
A new IT system that limited the group's ability to deliver frames to customers at the beginning of the year…
Safilo Continues to Be Hit by Gucci License Termination
The group fell to a loss in the first as the end of the Gucci license and IT implementation problems hit the…
Altagamma Tweaks Luxury Sales Forecasts in Updated Study
Its forecast for hard luxury sales in 2017 went from minus 1.0 percent to plus 2.0 percent, in part due to…
Brunello Cucinelli Sales Climb 10.1 Percent in Quarter
Growth was across all channels and geographies.
Safilo Results Hit by IT Woes, Loss of Gucci License
The eyewear group's gross profits fell 37 percent and sales declined 21 percent in the first quarter.
Luxottica Sales Rise as Group Reshapes U.S. Retail Portfolio
The eyewear group envisions a future where it will fulfill consumer orders direct from the warehouse, meaning…
Luxottica Executives Defend Essilor Merger
On a conference call with analysts, the Italian eyewear giant detailed some of the expected benefits from the…
Luxottica Profits Climb 5.8 Percent
The Italian eyewear group in January revealed plans to merge with French group Essilor.