×
56 781
Fashion Jobs
LULULEMON
Assistant Manager, Operations | Wellesley
Permanent · Wellesley
LULULEMON
Assistant Manager, Operations | s. Galena Street (Aspen, CO)
Permanent · Aspen
LULULEMON
Assistant Manager, Operations (Contract) | West County Center
Permanent · St. Louis
MACY'S
Asset Protection Captain, Fresno Fashion Fair - Full Time
Permanent · Fresno
MACY'S
Asset Protection Detective, Visalia - Full Time
Permanent · Visalia
MACY'S
Asset Protection Detective, Boynton Beach - Full Time
Permanent · Boynton Beach
MACY'S
Asset Protection Detective, White Marsh - Full Time
Permanent · Nottingham
MICHAEL KORS
f/t Sales Supervisor, Christiana Mall
Permanent · Newark
NORDSTROM
Assistant Manager - Specialty Coffee - Grove at Farmer's Market
Permanent · Los Angeles
NORDSTROM
Asset Protection - Agent - San Leandro Rack
Permanent · San Leandro
NORDSTROM
Asset Protection - Security Ambassador - Towson Town Center
Permanent · Towson
ROSS STORES
Store Protection Specialist
Permanent · Englewood
ROSS STORES
Store Protection Specialist
Permanent · Pembroke Pines
MACY'S
Asset Protection Detective, Lakeforest - Full Time
Permanent · Gaithersburg
MACY'S
Asset Protection Detective, Easton - Full Time
Permanent · Columbus
MACY'S
Asset Protection Detective, Auburn - Full Time
Permanent · Auburn
MACY'S
Asset Protection Detective, Santa Anita - Full Time
Permanent · Arcadia
TJ MAXX
ft Loss Prevention Detective Now Hiring
Permanent · Hartsdale
TJ MAXX
ft Loss Prevention Detective Now Hiring
Permanent · Yonkers
ADIDAS
Senior Specialist, HR - Covid Pmo - Limited Duration (Until End of Year)
Permanent · Portland
ADIDAS
Senior Director, Sport Brand Communications
Permanent · Portland
ADIDAS
Senior Manager Human Resources - Brand And Business Development
Permanent · Los Angeles
Published
Jan 28, 2020
Reading time
3 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Record annual sales at Interparfums boosted by strong gains in US-based operations

Published
Jan 28, 2020

International fragrance company Inter Parfums, Inc. (Interparfums) announced record annual sales of $713.5 million for fiscal 2019 on Monday, reporting particularly solid progress in its U.S.-based operations, where Guess, Abercrombie & Fitch and Hollister led gains.
 

Guess, Abercrombie & Fitch and Hollister helped drive sales gains among Interparfums' U.S.-based products - Photo: Abercrombie & Fitch


The company’s full-year net sales reflected a 5.6% increase (7.8% in constant currencies) from the previous year, when Interparfums reported revenues of $675.6 million.
 
The increase was driven by sales of the company’s U.S.-based products, which totaled $171.4 million, up 24.3% from $138.0 million in fiscal 2018. Sales of Interparfums’ Europe-based products rose 0.8% year over year, from $537.6 million to $542.1 million.

Commenting on the company’s annual sales of its U.S.-based products, Interparfums chairman and CEO Jean Madar highlighted that Guess fragrances had achieved “an extraordinary year” thanks, in large part, to the addition of two brand extensions: “1981 Los Angeles” and “Seductive Noir.”
 
Abercrombie & Fitch fragrances also made a solid contribution due to the introduction of the “Authentic” fragrance duo, while strong sales of Hollister fragrances were driven by brand extensions for the “Wave” and “Festival” fragrance families.
 
Oscar de la Renta also posted a slight rise in sales, led both by its legacy scents and the extension of its “Bella” fragrance family.
 
As for Interparfums’ Europe-based products, sales growth was pushed by an almost 23% increase in sales of the company’s largest brand, Montblanc, where the exceptional performance of the new “Explorer” scent and the continued popularity of the “Legend” fragrance family led gains.
 
Jimmy Choo, the company’s second largest brand, posted a slight increase in constant-dollar sales, but, due to the strengthening of the dollar, saw a minor decline in actual dollars, a situation that was reproduced at the Coach brand.
 
Sales of Karl Lagerfeld and Van Cleef & Arpels products increased 5.0% and 6.8%, respectively.
 
In the fourth quarter ended December 31, 2019, Interparfums’ net sales were $177.8 million, up 0.3% (1.5% in constant currencies) from $177.2 million in the same quarter in the previous year. 
 
Sales of the company’s U.S.-based products were once again stronger than their European counterparts, posting a 14.7% rise from $42.4 million to $48.7 million. In contrast, quarterly sales of Interparfums’ European products fell 4.2%, totaling $129.1 million, compared to $134.8 million in the prior-year period.
 
As previously reported, Interparfums expects to achieve full-year earnings per share of $1.90. The company intends to release its full financial results, including earnings, for the fourth quarter and full fiscal year 2019 on or about Monday, March 2, 2020.
 
Looking forward to 2020, Madar pointed out that the year “has a more robust launch schedule on both sides of the Atlantic.”
 
In the U.S., Madar highlighted “a new blockbuster scent for women under the Guess banner unveiling this spring,” as well as the releases of “Canyon Escape” at Hollister and “Sky” at Anna Sui, not to mention the launch of its first fragrance under the Graff label.
 
In Europe, the company will be counting on new releases from Montblanc and Jimmy Choo to boost sales, as well as the launch of its first fragrance for Kate Spade New York, with whom Interparfums signed a long-term licensing deal in June of last year.
 
The company is maintaining its financial outlook for 2020 and still expects to report EPS of around $2.00 on record net sales of approximately $742 million.

Copyright © 2022 FashionNetwork.com All rights reserved.