×
104 890
Fashion Jobs
HOMEGOODS
Tucson - Distribution Center Accuracy Control Supervisor
Permanent · Tucson
HOMEGOODS
Loss Prevention Detective
Permanent · Cincinnati
HOMEGOODS
dc Loss Prevention Specialist
Permanent · Jefferson
MACY'S
Asset Protection Detective, San Francisco Union Square - Full Time
Permanent · San Francisco
MACY'S
Asset Protection Detective, Sherman Oaks Fashion Square - Full Time
Permanent · Los Angeles
MACY'S
Asset Protection Security Guard, Northridge Fashion Center - Part Time
Permanent · Los Angeles
MACY'S
Asset Protection Detective, Puente Hills - Part Time
Permanent · City of Industry
MACY'S
Asset Protection Detective, Beverly Center - Full Time
Permanent · Los Angeles
MACY'S
Asset Protection Captain, Roosevelt - Full Time
Permanent · Philadelphia
MACY'S
Asset Protection Detective, Christiana - Part Time
Permanent · Newark
NORDSTROM
Asset Protection - Security Ambassador - Galleria at Roseville
Permanent · Roseville
CWF (CHILDREN WORLWIDE FASHION)
Ecommerce & Digital Coordinator
Permanent · NEW YORK
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Ontario
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Hammond
FOOT LOCKER
Community Marketing Manager- San Francisco
Permanent · San Francisco
OLD NAVY
Assistant General Manager - Rookwood Commons
Permanent · Cincinnati
KOHLS
Full-Time Loss Prevention Officer
Permanent · Milwaukee
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · University Park
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Bel Air
KOHLS
Full-Time Loss Prevention Officer
Permanent · Norwalk
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Scottsdale
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · York
Advertisements
Translated by
Robin Driver
Published
Oct 22, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Brunello Cucinelli surfs on growth of 32% in first nine months of 2021

Translated by
Robin Driver
Published
Oct 22, 2021

Brunello Cucinelli continues to make strong progress. The Italian luxury brand specialized in cashmere achieved revenues of 502.6 million euros between January and September 2021, up 9.4%, or 12.2% in constant currencies, compared to the same nine-month period in 2019, with an acceleration in growth in the latest quarter. Compared to the first nine months of 2020, the increase was 32.7%. In line with these results, the company now expects to see annual growth of 25% in 2021. 


The brand expects to see growth of 25% in 2021 - Brunello Cucinelli


"The first nine months of the year have gone very, very well indeed; the Autumn Winter 2021 collections are proving very successful worldwide and everywhere we are seeing a strong desire to return to physical stores," said the company's executive chairman and creative director, Brunello Cucinelli in a release. "with the Spring Summer 2022 order collection now complete, we can imagine a next year lived in the healthy balance between work and private life with a growth in turnover of around 10%."

From a geographical point of view, Brunello Cucinelli saw double-digit sales growth across all markets compared to the first nine months of 2020. In Asia the rise was 35.9%, in the Americas 37.4%, and in Europe 31.6%. Italy saw a 21% increase, with growth of 56.5% in retail and 13.5% in the wholesale channel.  

However, when compared to the first nine months of 2019, the group has not returned to pre-pandemic levels of revenue in Italy, where sales totaled 70.8 million euros, down 6.9% compared to two years ago, despite improving trends. Still in comparison to 2019, the company's sales in Asia rose 18% to 119 million euros, representing 23.7% of Brunello Cucinelli's total revenues for the period. 

Excluding Italy, the house also made progress in Europe, a region which accounted for 30.1% of the company's revenues in the nine-month period, rising 14.1% to 151.4 million euros. The company saw solid performances across the continent, particularly in Russia, and in Northern and Central Europe, as well as more generally in large cities. In the Americas, the brand reported sales of 161.2 million euros, up 7.9% compared to the first nine months of 2019. 

Between January and September 2021, retail sales increased 15.6% compared to the same period two years ago, totaling 264.8 million euros and representing 52.7% of the brand's revenues. On September 30, the company's retail network was made up of 113 stores, compared to 107 at the same date in the previous year. Wholesale revenues were 237.7 million euros, increasing 3.3% compared to the first nine months of 2019.

Copyright © 2021 FashionNetwork.com All rights reserved.