SMCP Achieved 88.9 Million Euro In French Market, Down Year On Year
On January 29, SMCP, a fashion group controlled by Ruyi group, released financial data for fiscal year 2020, with sales of 873 million euro, down 23.9% year-on-year. Among them, revenue in the fourth quarter was 251.9 million euro, down 19.4% year-on-year.
In 2020, SMCP also showed strong growth in digitalization (accounting for 27.6% of sales growth), with e-commerce sales as the group's focus, up 43.1%, partially offsetting the impact of the crisis. In the meantime, SMCP continues to innovate and test new formats to enhance digital channels, such as live streaming or virtual shopping, and to fulfill its "one journey" ambition by launching new Omni channel services, such as shipping from stores.
SMCP achieved 88.9 million euro in the French market, a decrease of 18.6% compared with the previous year, and a decrease of 33.3% in Europe and the Middle East, with sales in Asia increasing by 1.9% to 70.9 million euro.
Sandro fell 21.1% to 121 million euros, maje fell 14.9% to 98.5 million euros, and other brands fell 25.8% to 32.3 million euros.
"As expected, our sales were affected by the fourth quarter lock-in measures," said Daniel Lalonde, chief executive of SMCP. China's recovery since June and strong management of costs and cash have enabled us to limit the impact of the crisis. It is worth noting that in the last quarter, we have made solid progress on the digital roadmap through the launch of new Omni channel services and approaches for millennials, especially in China. "
- Related reading
Near The End Of The Year, The Top 500 Textile And Garment Enterprises In China Went Bankrupt!
|
- Bullshit | Converse X Rick Owens New Co Branded Turbodry Chuck 70
- Shoe Market | Tie Dyed AF1 New "Dark Sulphur" Shoes Released With Rich Layers
- Bullshit | Kit X Advisory Board Crystals
- Shoe Market | Adidas X "Galactic Guard" Co Branded Stan Smith Shoes Released
- Listed company | Jiaxin Silk (002404): As Of The End Of January, It Has Bought Back 1.01% Of Its Shares
- Listed company | *St Carey (002072): The Largest Shareholder Acting In Concert Transfers 4.1061% Shares Internally
- Listed company | *St Gaosheng (000971): More Than Half Of Weng Yuan'S Shares Have Been Reduced By 1.54%
- Listed company | *St Zhongrong ((000982): As Of The End Of January, It Has Bought Back 33.5336 Million Yuan Of Shares
- City Express | The Two Sessions Were Held In Different Places: Planning For Future Development
- regional economies | Multi Channel Cotton Raising For Xinjiang Cotton Enterprises With Hot Outside And Cold Inside
- H & M Is A Bit Aggressive In Attacking The Children'S Wear Business
- Attention: International Development Trend Of Export Textile Enterprises In 2021
- The United States Has Suspended Imposing Tariffs On 370 Billion US Dollars Of Chinese Goods! Textile Raw Materials Rise After Spring Festival!
- Converse X Rick Owens New Co Branded Turbodry Chuck 70
- Tie Dyed AF1 New "Dark Sulphur" Shoes Released With Rich Layers
- Kit X Advisory Board Crystals
- Adidas X "Galactic Guard" Co Branded Stan Smith Shoes Released
- Jiaxin Silk (002404): As Of The End Of January, It Has Bought Back 1.01% Of Its Shares
- *St Carey (002072): The Largest Shareholder Acting In Concert Transfers 4.1061% Shares Internally
- *St Gaosheng (000971): More Than Half Of Weng Yuan'S Shares Have Been Reduced By 1.54%