Safilo Expects 2018 Sales Declines in North America Wholesale Business
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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