Barbara Bui posts renewed growth
After a half-year of declining financial data, an 11% increase in wholesale orders for the current autumn-winter season has put Barbara Bui back on track. The company's third quarter 2013 posted a 22% increase in sales compared with the third quarter 2012, thanks to foreign investment and the wholesale channel.
The group is happy about its "investment strategy in the United States," which it says spurred the increase in fall-winter-spring orders for next summer. Wholesale sales totaled 8.1 million euros in the quarter ending September, an increase of 36% compared to last year. In the first nine months of the fiscal year, overall wholesale business grew 8%.
Retail business sales were down 7% for the quarter, which the group said was due to the closure of two stores in Paris for renovations during the month of August. Retail sales reached 10.2 million euros over nine months, a decrease of 3%.
Overall the group's turnover for the first nine months of the fiscal year was 25.6 million euros, up 4% compared to the same period in 2012.
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