Furla Group posts +23% sales increase in travel retail

Furla Group posted a +10.6% increase in first-half turnover at constant exchange rates (+5.8% at current rates) to €252 million, with travel retail playing a “fundamental role” in the growth.

Furla said travel retail sales increased by +23% year-on-year. The channel accounts for 8% of turnover. The company is present in travel retail in 64 countries, with 298 sales points, including boutiques, corners, shop-in-shops, inflight and onboard cruise ships.

As reported, Furla recently added two more stores to its network in Asia Pacific. The brand partnered with DFS Group to open a 22sq m boutique at Auckland Airport and a 57sq m outlet at China Duty Free Group’s Angkor Duty Free store in Siem Reap, Cambodia opened on 12 August.

Furla posted turnover gains across all markets. Asia Pacific registered a +28.6% increase at constant exchange, while Japan saw a +9.5% gain. An “excellent performance” in the USA led to a +24.2% rise.

A new Furla store opened recently at Auckland Airport, in partnership with DFS.

Furla Group Chief Executive Officer Alberto Camerlengo said: “Over the last three years, Furla Group has doubled its turnover. This is significant growth and we are very proud of it, especially considering the challenging circumstances in which it took place.

“For us, 2018 represents a year of consolidation and additional supply chain investments, with the goal of ensuring the continuity and excellence of Furla collections.”

Figures from the first half of the year reveal that Italy accounts for 15% of total turnover; the EMEA region (excluding Italy) 28%; the APAC region 27%; Japan 23%; and the USA 7%.

Furla said its extensive worldwide distribution continues to be among the company’s strong points. The brand is present in 100 countries, with 471 monobrand stores and over 1,200 multibrand and department store sales points.

Over the past several months, Furla Group has assumed full control of its retail distribution in China, Hong Kong and Macau.

Furla outlined a major investment plan which aims to consolidate its growth trajectory over the past several years and make it sustainable. The company is working on strengthening its supply chain through the implementation of an improved information system better suited to the company’s size.

“The selection process for suppliers is ongoing and crucial to guarantee continued high-quality, on-time manufacturing,” the report stated.

Furla also noted a +24.1% increase in sales on its e-commerce platform in the first half of the year.

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