New shops move Etam forward

New shops move Etam forward

French lingerie and fashion group Etam achieved a turnover of 1.217 billion euro in 2012: 2.8% more than in the preceding year. This progress was entirely due to the opening of new stores, as like-for-like sales tumbled 3.4%. China was the worst underachiever in the Etam family.

Europe remains stronghold

Etam performed well in Europe in 2012: its turnover rose by 2.8% to 778.2 million euro in the Old Continent. This was mainly due to the opening of new lingerie stores and the favourable achievements of the 1.2.3.-brand, but even like-for-like sales advanced 0.6%.

 

As a consequence, Etam won market share in Europe against the backdrop of a general decline in the market. During the fourth quarter, Etam's like-for-like sales remained stable.

 

Challenging China

In China, Etam achieved a turnover of 438.7 million euro in 2012 (2.7% more than in 2011), but this increase was solely the result of a favourable exchange rate fluctuations and the opening of 69 additional shops, as comparable sales dropped 12.6%.

 

"Faced with the decrease in sales, in a context of economic slowdown and the rapid evolution of distribution channels in China, the Group has implemented strong action plans in order to evolve significantly its product offer and selling network", states the company in an official reaction to its corporate figures.

 

Etam distributes its products under the brands Etam, Unidiz and 1.2.3. (the upper segment). The company has a network of 4523 stores, of which 969 are located in Europe and 3355 in China, the remaining 199 being international franchises.

Questions or comments? Please feel free to contact the editors


Mobile supermarket sans employees trialed in Shanghai

26/06/2017

A mobile, fully autonomous supermarket opened its doors in Shanghai, one of China’s largest cities. The pilot is called Wheelys Moby Mart, open 24 hours a day and should be easily deployable.

Cash register-free Amazon supermarket still not open

23/06/2017

Amazon’s cash register-free supermarket, Amazon Go, still has not opened to the general public and now one of its directors will leave Amazon.

Danone streamlines its European organization

23/06/2017

Dairy manufacturer Danone is to optimize its European organization: Belgium, the Netherlands, the United Kingdom and Ireland are to form one cluster. Kris Geeraert, general manager Benelux, will leave the company.

Diageo buys George Clooney's tequila brand for 620 million euro

22/06/2017

British liquor group Diageo has paid 700 million dollars (about 620 million euro) for George Clooney’s premium tequila brand Casamigos and that could rise to 1 billion dollars.

AB InBev wants to sell two German beer brands

21/06/2017

AB InBev is looking for a buyer for its German beer brands Hasseröder and Diebels. The Belgian beer giant hopes to attract about 200 million euro for both brands.

Colruyt Group turnover grows more than 3 %

20/06/2017

Colruyt Group has seen its turnover grow 3.4 % to 9.493 billion euro in its fiscal year 2016/2017. Thanks to the sale of its French food service business Pro à Pro on 1 February, profits also grew.

Back to top