- Prachi Singh |
Italian company Furla said that its revenues for the year to December 31, 2015 increased 30 percent. The company said its annual sales of stood at 339 million euros (378.5 million dollars), compared with 262 million euros (292.7 million follars) reported last year. Sales increased 25 percent at constant exchange rates.
The company attributed this revenue growth to positive performance witnessed across its product categories and retail channels as well as 23 percent rise in like-for-like sales.
Growth across regions fueled by retail expansion
While the Asia-Pacific region saw 53 percent increase in annual sales, Furla managed to double its business in China, where its reported a double-digit growth. In Hong Kong and Macau, revenues saw a high single-digit growth. Revenues in the US increased 30 percent, with a new flagship opening in New York’s Fifth Avenue last year as well as Scott M. Link joining as CEO of Americas during the year under review.
Sales in Italy were up 21 percent, while business in the Europe, Middle East and Africa region, excluding Italy, grew 28 percent. Sales in Japan increased 24 percent. The company spread its global retail reach by opening of 62 stores last year, taking the total number of mono-brand stores to 415. Furla opened doors to flagships in Rome; New York; Madrid; St. Petersburg; Shanghai and Hong Kong.
The New Year will see further retail expansion in Moscow; London; Paris; Melbourne, Australia; Saigon, Vietnam; and Macau, as well as the first store exclusively showcasing the men’s collection at the Galeries Lafayette, in Paris. Travel retail sales saw an increase of 36 percent across 48 countries where airport stores increased to 195 in 2015.