Safilo Expects 2018 Sales Declines in North America Wholesale Business
Monday, February 4 2019 | 15 h 25 min | Financial News, Press Release
Safilo Group released their preliminary full year annual sales results, indicating performance is “substantially in line with expectations”. Global new sales were down 7.0% to EURO 963 Million. The North American wholesale business, which accounts for one-third of total group net sales, will report a sales decline of 6.6%.
On a positive note, the 4th quarter net sales showed a modest gain of 1.3%.
The prior year 2017 was labelled a “complex year” as the company faced the challenge of loosing the GUCCI license at the end of 2016.
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Click HERE for the full press release.
