×
76 968
Fashion Jobs
ECCO
Third Keyholder
Permanent · CABAZON
ECCO
Third Keyholder
Permanent · CABAZON
NORDSTROM
Asset Protection - Agent - San Bernardino Fulfillment Center
Permanent · San Bernardino
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Jordan Creek
Permanent · West Des Moines
ABERCROMBIE KIDS STORES
Abercrombie Kids - Manager in Training, Polaris Fashion Place
Permanent · Columbus
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Rivertown Crossings
Permanent · Grandville
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Fair Oaks
Permanent · Fairfax
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Westfarms
Permanent · West Hartford
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Countryside
Permanent · Clearwater
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, Mall of America
Permanent · Bloomington
ABERCROMBIE KIDS STORES
Abercrombie Kids - Brand Representative, Sono Collection
Permanent · Norwalk
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Las Americas po
Permanent · San Diego
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Twelve Oaks
Permanent · Novi
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Lakewood
Permanent · Lakewood
ABERCROMBIE KIDS STORES
Abercrombie Kids - Brand Representative, Washington Square
Permanent · Tigard
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, Opry Mills
Permanent · Nashville
GILLY HICKS STORES
Gilly Hicks - Brand Representative, Woodfield
Permanent · Schaumburg
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Triangle
Permanent · Raleigh
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Wyoming Valley
Permanent · Wilkes-Barre
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Annapolis
Permanent · Annapolis
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Palisades
Permanent · West Nyack
L'OREAL GROUP
Manager-Finance
Permanent · New York
Translated by
Nicola Mira
Published
Sep 3, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Van de Velde’s sales down again in H1, U.S. plummets 9%

Translated by
Nicola Mira
Published
Sep 3, 2019

Van de Velde has recorded another revenue downturn, in the wake of the decrease posted in 2018. In H1 2019, comparable sales for the Belgian lingerie group fell from €114.2 million to €112.8 million, equivalent to a 1.2% decline. At constant exchange rates, the shortfall was 1.8%.
 

Fall/Winter 2019-20 collection, Marie Jo - Marie Jo


The group, owner of Marie Jo, Andres Sardà and PrimaDonna, attributed this result to a shortfall in retail sales, which lost 8.8% at constant exchange rates. Retail sales were worst affected in the USA, where they fell by 9.1%, while in Europe they decreased by 5.6%. Van de Velde operates 59 monobrand stores, as well as the Rigby & Peller and Lincherie chains, active also in Germany, the UK, the Netherlands and the USA.
 
The group’s EBITDA was instead up in the period, rising by 2.8% to reach €29.3 million. Since January 2019, the group has been led by Marleen Vaesen, and has continued to invest in order to further develop its e-tail capabilities.

In H1 2019, Van de Velde invested €3 million in equity for the overhaul and upgrade of its existing e-tail site. In the same period in 2018, the group invested €7.7 million. In the first six months of 2019, Van de Velde's net income fell by 8.3% to €13.8 million.

Copyright © 2023 FashionNetwork.com All rights reserved.