Etam Q1 sales down by 1.1%

Wednesday, 18 April 2012

The Etam Group generated net sales of €331.2 million in the first quarter of 2012, including a positive currency impact of €11.5 million relating to the rise of the yuan against the euro. This constitutes a reduction of 1.1% relative to 31 March 2011 and of 9.5% like-for-like and at constant exchange rates.

In Europe, the Group generated sales of €188.6 million, compared with the first quarter of 2011 and down 5.0% like-for-like and at constant exchange rates. The Group started 2012 with a particularly low level of inventories, which impacted the commercial performance of winter end-of-season sales for the Etam and 1.2.3 brands, but had a favorable effect on margins, against the backdrop of tightly controlled costs.
In China, sales totaled €142.5 million in the first quarter, down 2.2% compared with the first quarter of 2011. Like-for-like and at constant exchange rates, sales in China fell by 17.1%. III.

The Etam Group based in France is the International retailer of women's ready-to-wear clothing, lingerie and accessories. By March 2012, had 4,478 sales outlets: 974 in Europe, 193 operated by international franchises and 3,311 in China.

This site uses cookies to deliver its services, to personalise ads and to analyse traffic. Learn more.
If you continue browsing the site, you agree to the use of cookies.