Furla’s travel retail sales jump +36% year-on-year in 2015

Like-for-like growth in Furla’s worldwide retail channel was +23%

ITALY. Furla recorded a +36% year-on-year increase in sales in its travel retail business in 2015. The company added 21 airport doors last year, with its total rising from 174 in 2014 to 195 across 48 countries.

Overall company sales jumped +30% in 2015 to reach €339 million (+25% at constant exchange rates). Like-for-like growth in its worldwide retail channel was +23%.

Furla said it had doubled turnover in the past five years (+126%) helped by retail expansion across all geographic regions.

Sales were up +53% in Asia Pacific in 2015, with all regions experiencing growth. In the USA it was+30%, the EMEA area (excluding Italy) showed +28%, Japan +24% and Italy +21%.

The company said its sales performance was driven by all product categories, including its newly launched men’s collection.

“The positive 2015 results are a further testament of our vision, investments and of the excellent performance registered in all our regions, departments and categories, from distribution to marketing to style,” said Furla CEO Eraldo Poletto.

“We remain optimistic about the future when we will also see the benefits of our fast-growing new lifestyle categories.”

To read our recent interview with Furla Chief Executive Eraldo Poletto, please click here.

Food & Beverage The Magazine eZine