Retail in Asia

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Furla Group’s growth +23.5% in first half 2017

Furla Group's growth +23.5% in first half 2017

After reaching its best ever sales and profits in 2016, the Furla Group saw additional growth in the first half of 2017, reaching 238 million euros in turnover, compared to the 193 million euros in the first half of 2016 – an increase of +23.5%, or +22% at constant exchange rates.

Organic growth was one of the main drivers behind this semester’s success: like for like sales in directly-operated stores registered double-digit growth.

SEE ALSO : Furla buys back Australian distribution from Luxury Retail Group

In the first half of 2017 the APAC region registered an impressive growth of +63%. China in particular experienced notable expansion and double-digit like for like growth. South Korea and Australia also saw remarkable results. Japan and the EMEA region were up +16%, while the U.S. saw a +3% growth.

With products available in over 100 countries, today the Furla Group counts 444 mono-brand stores, about half of which are directly managed, and is present in over 1.200 multi-brand and department stores.

Recently the Furla Group inaugurated new boutiques in several prestigious locations, including Brompton Road in London and PC Hooftstraat in Amsterdam.

New openings are slated for the second half of 2017 in Hong Kong, Beijing, Tokyo and Prague.

Today, the Company can count on a global distribution network: in the first half of 2017, the EMEA region – Italy included – accounted for 45% of total turnover, Japan for 24%, the APAC region for 24% and the U.S. for 7%.

Furla’s travel retail channel has also grown substantially +47% thanks to the brand’s presence in 52 Countries, with a total of 292 sales points ranging from boutiques to corners, shop-in-shops, aircraft and cruise ships.

The data reveals a substantial all-around expansion which is the result of a dynamic strategy focused on developing the company’s directly-managed distribution network, effectively communicating the brand’s values and seizing growth opportunities both in emerging and established markets.

“The results of the first half of 2017 make us very proud and underline the way turnover has doubled over the last three years. This growth, in extremely complex scenarios, is important in all markets as is the improvement in the quality of our distribution network and of our relationship with our strategic partners,” said Alberto Camerlengo, Chief Executive Officer of Furla Group.

SEE ALSO : Furla appoints Alberto Camerlengo as Group CEO

“Furla’s continuous product innovations, in line with our Brand values, support us in the achievement of more and more challenging objectives, and the speed in implementing responses to the ever-changing needs of the retail world are our most distinctive features. Our intent is to continue growing organically both in our diverse product categories and in our geographic footprint,” he added.