×
653
Fashion Jobs
COLUMBIA SPORTSWEAR COMPANY
Assistant Merchandising Manager
Permanent · BENGALURU
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Firozabad
Permanent · Firozabad
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Phagwara
Permanent · Phagwara
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Karnal
Permanent · Karnal
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Belagavi
Permanent · Belagavi
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Baddi
Permanent · Baddi
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Moradabad
Permanent · Moradabad
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Idukki
Permanent · Idukki Township
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Garhmukteshwar
Permanent · Garh Mukteshwar
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Ranikhet
Permanent · Ranikhet
TRIANGLE WEAVERS
Production Manager
Permanent · Cherthala
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Kasauli
Permanent · Kasauli
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Calicut
Permanent · Kozhikode
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Balrampur
Permanent · Balrampur
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Nahan
Permanent · Nahan
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Kanchipuram
Permanent · Kanchipuram
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Rishikesh
Permanent · Rishikesh
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Chennai
Permanent · Chennai
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Bareilly
Permanent · Bareilly
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Nainital
Permanent · Nainital
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Kanyakumari
Permanent · Kanyakumari
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Ghaziabad
Permanent · Ghaziabad
By
Reuters API
Published
Apr 25, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Gucci rebirth and YSL drive Kering's Q1 sales into the stratosphere

By
Reuters API
Published
Apr 25, 2017

French luxury group Kering delivered a record 28.6 percent increase in first-quarter comparable sales on Tuesday, beating market expectations, as a revival in its biggest brand Gucci accelerated and Yves Saint Laurent outperformed.

Kering's strong sales provided further evidence of a recovery in the wider luxury market, partly in response to a rebound in China's appetite for luxury fashion after a slowdown.


Gucci - Spring-Summer2017 - Womenswear - Milan - © PixelFormula



Rival LVMH earlier this month reported like-for-like quarterly sales growth of 13 percent.

First-quarter comparable sales at Gucci, which makes over 60 percent of Kering's profit, rose 48.3 percent, with all products and regions contributing to the rise. They beat analysts' expectations of 21.4 percent growth.

Gucci, under the leadership of designer Alessandro Michele and Chief Executive Marco Bizzarri since early 2015, has revamped its stores and adopted a new luxury aesthetic that has proved popular with customers.

Its new vintage styles include rich floral prints reminiscent of the 1970s as well as eccentric contemporary style such as kangaroo fur loafers or a rhinestone-covered bodysuit recently worn by Rihanna at the Coachella music festival in the United States.

"We are seeing a very strong appetite from the public for Michele's collections," Finance Chief Jean-Marc Duplaix told a conference call, also highlighting the Dionysus bag as a popular product.

Gucci also benefited from favorable comparisons with the year-ago quarter and Duplaix said growth would "normalize" in coming quarters though the brand would continue to outperform the luxury market.


Saint Laurent - Spring-Summer2017 - Womenswear - Paris - © PixelFormula



Yves Saint Laurent, which accounts for over 10 percent of Kering's luxury sales, posted comparable sales growth of 33.4 percent, with new designer Anthony Vaccarello at the helm since April 2016, also beating expectations of 19 percent growth.

Duplaix said there were waiting lists for some products at Yves Saint Laurent.

Sales at Bottega Veneta rose 2.3 percent, the first increase since the fourth quarter of 2015, amid improving tourism spending in Europe and also stronger demand in Asia.

Analysts polled by Inquiry Financial for Reuters had looked for group comparable sales growth of 13.6 percent in the first quarter 2017 against 10.4 percent growth in the fourth quarter 2016.

© Thomson Reuters 2022 All rights reserved.