Armani crosses line of 2 billion euro for the first time | RetailDetail

Armani crosses line of 2 billion euro for the first time

Armani crosses line of 2 billion euro for the first time

Fashion group Giorgio Armani has for the first time reached a turnover of two billion euro last year: a rise of no less than 16% for the Italian group - yet another example of high-end brands that escape the global economic crisis.

2.091 billion euro in sales

The Italian fashion group Giorgio Armani saw its sales rise to almost 2.1 billion euro last year (+16%). Never before did the Italian label sell so much. The operating profit grew even faster: +20% to 339 million euro.

 

The big leap forwards happened (again) in Asia: in the whole of that continent Giorgio Armani grew 29% (to 512 million euro), but in China alone sales rose by an impressive 39%. In the United States sales rose by 15% and even in Europe – still the most important continent for the Italian fashion label – Armani performed well: a growth of 11%.

 

100 new shops this year

It is the third time in a row the fashion group has grown and 2013 also looks promising, they say during an interview with the American fashion magazine WWD: “It is of course still too early to make predictions, but I expect the positive trend to continue this year.”

 

The group has invested 158 million euro in its worldwide distribution network in 2012. It also opened 104 new shops, bringing the total to 2,203 shops. This year 100 new openings are planned, although the group does not want to say where: “Our strategic plan sees us committed both to mature markets as well as to emerging economies, in line with the trend in recent years”, Armani said.

Questions or comments? Please feel free to contact the editors


Carrefour Belgium launches personal shoppers with 90 minutes delivery

19/07/2018

In the intense struggle for the customers' favour, Carrefour Belgium has presented a new service - featuring personal shoppers, delivery within 90 minutes and an app that can be expanded into a market place.

Cultured meat in stores by 2021?

18/07/2018

Commercialization of laboratory cultured meat is coming closer. Pioneer Mosa Meat has raised 7.5 million euros for the construction of a factory that will bring an affordable product to the market within three years.

Aldi commits to renewable energy

17/07/2018

Aldi Nord has published an ambitious international climate policy: the retailer wants to reduce greenhouse gas emissions by 40% by 2021 and reveals some compelling figures in its second sustainability report.

Discounters' major opportunities for growth in Western Europe

16/07/2018

Despite the multitude of stores in most European markets, discounters plan to open up to ten million square metres of store surface in five years' time. Even in so-called saturated markets they still see a lot of chances for growth, LZ Retailytics says.

Contamination bites huge chunks of Greenyard's value

16/07/2018

Vegetable producer Greenyard is under attack after a listeria contamination in its Hungarian factory. The company says to have taken all necessary measures, but the share price plummets.

Starbucks dumps plastic straws worldwide

12/07/2018

American coffee company Starbucks will ban plastic straws in their stores starting from 2020. A small step for coffee enthusiasts, but a big step for the environment, as the coffee giant uses about a billion straws every year.