Growth In The Luxury Fashion Sector Slows Revenue Growth

France

The company's LVMH revenue increased 16% in the third quarter, benefiting from the weakening of the euro and the strong sales performance of the wine and spirits sector, overcoming the negative impact of the slowdown in the growth of its fashion sector.

In the quarter ending September, Lu Wei Ming Xuan's revenue was 8 billion 580 million euros.

Excluding the impact of exchange rate changes, organic revenue growth rate was 7%.

Its flagship brand, Louis Weedon.

And luxury sector revenue of 2 billion 940 million euros, and Moet and Chandon and Hennessy brandy brands such as alcoholic beverages business revenue to 1 billion 200 million euros.

The first half of fiscal year 2015, released by Richemont, the world's second largest luxury goods group, shows that group sales increased by 3% year-on-year, at a fixed exchange rate, lower than market expectations.

In the first half of this year, the Group recorded a profit of 1 billion 390 million euros, an increase of 5.7% from 1 billion 315 million euros a year earlier.

Net profit rose 21.6% to 1 billion 103 million euros compared to the same period last year.

In the first half, sales totaled 5 billion 821 million euros, up 14.7% from 5 billion 73 million euros a year earlier.

The French luxury giant Kering announced its third quarter earnings, thanks to the influx of tourists from Western Europe and Japan, and the total revenue of the group rose 12%.

In the three months ending September 30th, the group's total revenue was 2 billion 890 million euros (about 3 billion 230 million US dollars).

Excluding the effect of money, sales increased by 3.1%.

Burberry, a luxury fashion company, reported that sales in the first half of the fiscal year did not change substantially compared with the same period last year because of the more stringent terms of trade in some major markets.

In the 6 months ended September 30th, boboley achieved 774 million pounds of store and online retail sales, a growth rate from 8% in the first quarter to 2%.

Total sales (including wholesale and authorized business) were flat, at 1 billion 100 million pounds ($1 billion 690 million).

Hugo Boss, a luxury giant and fashion retailing group in Germany, announced that its net profit in the third quarter fell by 23% due to its sales in China and the US market, while Hugo Boss rose 4% to 744 million 100 thousand euros in the third quarter of.

Net profit in the third quarter was 88 million 500 thousand euros, down from 114 million 700 thousand euros in the same period in 2014.

Italy fashion company Prada (Prada) declined in net profit in the 9 months ended October 31st.

Prada's net profit for the period was 235 million euros (US $258 million 100 thousand), down 26.4% from the same period last year, and operating profit of 373 million 900 thousand euros (US $410 million), down nearly 25% from the same period last year.

Revenue was 2 billion 580 million euros (US $2 billion 830 million), an increase of 1.2% over the same period last year, mainly due to the positive impact of exchange rate changes.

Excluding the impact of exchange rate changes, the revenue in the period dropped 7% compared to the same period last year.

Ferragamo, a luxury goods group in Italy, announced its latest financial results. In the first nine months ended September 30th, although all its markets were growing and driven by the reliable gain of China's retail network and handbags and leather accessories, group net profit fell by 0.3% to 113 million 400 thousand euros (about $125 million 400 thousand).

The total revenue was 1 billion 20 million euros (about 1 billion 130 million US dollars), a 7% increase compared to the total income of 957 million euros (about 1 billion 290 million US dollars) in the same period last year.

The profit before interest tax depreciation and amortization increased by 7% to 218 million euros (about 242 million US dollars) EBITDA.

Italy luxury group Tod 's released relevant data of the group in the first 9 months of this year.

Revenue reached 786 million euros, an increase of 6.2% over the same period last year.

All its brands have achieved good results.

Tod 's grew by 5.1%, to 453 million euros; Hogan increased by 3.1% to 176 million euros; Roger Vivere increased by 20.1% to 112 million euros.

The growth rate of Fay alone was flat compared with the same period last year, with a turnover of 43 million 800 thousand euros.

{page_break}

American high-end

Ralph Lauren (Ralph Lauren) achieved a net profit of $160 million in the second quarter, down from $201 million in the same period last year.

The company's current revenue declined by 1.3% to $1 billion 970 million.

Us fashion and luxury brands Calvin Klein and Tommy Hilfiger's parent company PVH Corp third earned $221 million 900 thousand in the fiscal quarter, and the company's current operating income was $2 billion 160 million.

Coach announced that its profits and sales continued to decline year-on-year, but the company's previous pformation plans are gradually advancing.

In the first quarter of September 26th, Coach's sales in the global market dropped 3% compared to the same period last year.

Net sales fell from $1 billion 40 million in the same period last year to $1 billion 30 million.

Coach's profit was $96 million 400 thousand, compared with $119 million 100 thousand in the same period last year.

Us luxury brand Mike Michael (second Kors) grew 6.9% to $1 billion 130 million in the same quarter.

The company realized a profit of $193 million 100 thousand in the quarter, and the company achieved a profit of $207 million during the same period last year.

Clothing and sales

Its brand, including Vans, North Face and Timberland, the US apparel company, VF Corp, made a profit of $459 million 900 thousand in the three quarter, and the company's current operating income was $3 billion 580 million.

Vitoria's Victoria's Secret, Bath & Body Works and other chain stores' parent L Brands Inc achieved a net profit of $164 million in the third quarter, and the company's current operating income was $2 billion 480 million.

US clothing company Guess Inc third earned 12 million 400 thousand dollars in the fiscal season, and the company's current operating income was $521 million.

Inditex, the fashion brand Zara and Europe's largest apparel retailer, increased its net profit by 20% in the 9 months ended October 31st.

In the 9 months ended October 31st, sales increased by 16% to 14 billion 740 million euros.

At the same time, net profit was 2 billion 20 million euros, compared with 1 billion 690 million euros a year ago.

In the first three quarters of this year, 230 new branches were opened, consistent with the number of new stores opened in the same period in 2014.

At present, Inditex has 6913 branches worldwide.

H&M, Europe's largest apparel retailer (Hennes & Mauritz AB), said its earnings growth was affected in the third quarter of this year as the dollar strengthened.

In the third quarter ending August 31st this year, H&M sales (including VAT) increased from 38 billion 810 million Swedish kronor to 46 billion 20 million kronor in the same period last year.

Net profit increased from SEK 5 billion 300 million in the same period last year to SEK 5 billion 310 million (about US $630 million 800 thousand).

H&M plans to open 240 new stores worldwide in the fourth quarter of this year.

Fast Retailing, which operates the leisure clothing chain, "UNIQLO", announced its 2014 financial year (September 2014 -2015 August) earnings, net profit increased by 47.6% over the previous fiscal year, reaching 110 billion yen, hitting a new high.

Sales amounted to 16817 billion yen, an increase of 21.6%.

Sales of overseas businesses, led by China and South Korea, increased by 45.9%, pushing up overall performance.

Fast fashion group Gap released the third quarter report, net profit in the first three months ended October 31st fell to 248 million US dollars, or 29.3%, from 351 million US dollars in the same period last year.

Net sales fell to 2.9% from 3 billion 970 million US dollars in the same period last year to 3 billion 860 million US dollars.

On the basis of comparable store turnover, Gap's global turnover dropped by 4%, Banana Republic's global turnover fell by 12%, and Old Navy's global turnover increased by 4%.

The apparel retailer Ascena Retail Group fourth lost its earnings in the fiscal season, because its Lane Bryant brand suffered a significant write down and Justice brand sales fell.

In the quarter ended July 25th, Ascena Retail's revenue was $1 billion 170 million, down 1.1% from the same period last year.

Net loss was $323 million 400 thousand, and net profit for the same period last year was US $15 million 700 thousand.

Us classic casual wear retailer Abercrombie & Fitch third doubled its profit in the financial quarter, thanks mainly to its efforts to revitalize its brand and reduce the sales of large discounts.

In the first quarter of October 31st, Abercrombie & Fitch earned $42 million 300 thousand, much higher than the $18 million 200 thousand earned in the same period last year.

In the same quarter, the company's sales fell by 4% to 878 million 600 thousand US dollars, but excluding the exchange rate effect, the sales volume of the company was basically the same as that of the same period last year.

Us teenage clothing retailer American Eagle Outfitters third earned 74 million 100 thousand dollars in the fiscal season, and the company's current operating income was $919 million 100 thousand.

Crocs, a casual shoe maker, suffered a net loss of $27 million 700 thousand in the third quarter, down from $12 million in the same period last year.

In the third quarter, the revenue of Carlo's company was $274 million 80 thousand, down 9% from its revenue of $302 million 400 thousand last year.

{page_break}

Sports products and sales

Sportswear maker Nike (Nike Inc) increased its first quarter profit to $1 billion 180 million, compared with $962 million a year ago.

Operating income increased by 5% to US $8 billion 410 million.

But inventories rose 10% to $4 billion 400 million.

The US sports equipment brand Under Armour third quarter revenue increased 28% over the same period last year, mainly due to strong sales of clothing and footwear products.

In the fiscal quarter ending September 30th, Under Armour's revenue was $1 billion 200 million, an increase of 28% over the same period last year.

Net profit was $100 million 500 thousand, up from $89 million 100 thousand in the same period last year.

Adidas (Adidas) reported an increase of 13% in revenue in the third quarter, with a turnover of 4 billion 760 million euros after currency correction.

Sales of all Adidas brands increased significantly during the quarter, but golf brand business was relatively weak.

Thanks to the strong demand for Adidas and Reebok brands, Adidas's net profit reached 311 million euros in the quarter, compared with 282 million euros in the same period last year, an increase of 10%.

German sports brand Puma (PUMA) said that although sales of all its product categories increased, the company's third quarter profit fell 30% year-on-year due to unfavorable exchange rates.

In the first 3 months of September, its net profit was 20 million euros ($21 million 700 thousand), down from 28 million 900 thousand euros a year earlier.

Sales increased by 3.1% to 914 million 400 thousand euros compared to the same period last year.

Dick's Sporting Goods, a sporting goods retailer, reported its quarterly earnings and sales volume lower than expected in the third quarter.

In the first quarter of October 31st, Dix made a profit of $47 million 200 thousand, while Dixie revenue grew 7.6% to $1 billion 640 million in the same quarter.

Sales of Dixie same store increased by 0.4% over the same period last year. Sales of its Golf Galaxy store fell by 2.9% over the same period last year, offsetting the 0.7% increase in the sales of sporting goods stores of the same name.

Us sporting goods retailer Foot Locker third earned a net profit of US $80 million in the fiscal quarter, down from US $120 million in the same period last year.

Sales of Foot Locker increased by 3.6% to $1 billion 790 million over the same period last year.

The company's sales increased by 8.7% over the same quarter.

Sports Direct, the largest sporting goods retailer in the UK, announced its first half fiscal year results: the pre tax profit increased by 25% in the first half of the year.

The pre tax profit amounted to 187 million 300 thousand pounds (US $280 million 550 thousand) in the first 6 months of October 25th, up from 149 million 700 thousand pre tax profits in the same period last year, while revenue was flat at 1 billion 430 million last year.

JD Sports, the largest sports and fashion retailer in the UK, said that the company's revenue in the first half of this year has increased significantly due to its strong sports fashion performance.

In the first six months of August 1st, JD Sports grew by 21% to 809 million 900 thousand pounds, and 44 million 700 thousand pounds before tax, up 88% from 23 million 700 thousand a year earlier.