Furla has seen full-year comparable sales rise by 23 percent, confirming consumers’ growing appetite for accessible luxury brands while demand for bigger, more expensive labels continues to wane.
Family-controlled Furla said on Tuesday it had doubled turnover in the past five years, helped by store openings, to 339 million euros ($378.70 million), up 30 percent at current currencies last year alone.
“I think there is a certain luxury fatigue and customers are getting smarter,” Furla Chief Executive Eraldo Poletto told Reuters. The accessible luxury “segment of the market has a lot of potential because people want balance between the price they pay for a product and the quality they get.”
Furla, which makes the majority of its goods in Italy, operates 415 boutiques worldwide, including 190 directly-owned.
“Furla’s fast growth is a testament to the continuing development of the accessible luxury space, both in leather goods and apparel,” said Exane BNP Paribas analyst Luca Solca.
FURLA Spring Summer 2016
The post Furla sales jump 23% appeared first on CPP-LUXURY.
from CPP-LUXURY http://www.cpp-luxury.com/furla-sales-jump-23/?utm_source=rss&utm_medium=rss&utm_campaign=furla-sales-jump-23
via Your #1 Source to Finding Luxury & Designer Goods, Handbags & Clothes at or Below Wholesale: Click Here
No comments:
Post a Comment