Sponsors
Billabong ▼ -0.020 | PPR ▲ +1.35 | American Apparel ▼ -0.029 | The Buckle ▲ +0.01 | Columbia ▲ +0.06 | Deckers Outdoor ▲ +2.55 | Dicks ▲ +0.12 | Foot Locker ▲ +0.18 | Genesco ▼ -0.02 | Iconix Brand Group ▲ +0.01 | Jarden Corp ▲ +0.85 | Nordstrom ▲ +1.03 | Luxottica ▲ +1.64 | Nike ▲ +1.05 | Pacific Sunwear ▼ 0.00 | Skullcandy ▲ +0.09 | Sport Chalet - 0 | Urban Outfitters ▲ +0.06 | VF Corp ▲ +0.35 | Quiksilver ▲ +0.07 | Zumiez ▲ +0.81 | Macys ▲ +0.45 | Tillys ▼ -0.04 |
Ticker Sponsor
Readers Say
Executive Edition rules
Executive Edition rules

“Shop-Eat-Surf” is now officially, the first stop in the morning for industry news. Accurate reporting, no sensationalism, and just the facts. Refreshing support to an incredible industry with a very bright future. Tiffany has cemented her role in the industry....the site is thought provoking, and inspirational. Learning the stories of others is incredibly useful. Great way to connect the retail community with the wholesale and financial, instantly and nationwide. ... And the Executive Edition rules.

- By Bob Hurley, Chairman, Hurley International
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
Industry Insight

SDSI: 7 new companies accepted into the Springboard business mentoring program. AGENDA: Registration and travel planning now open for January and February trade shows.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Luxury, U.S., Europe strong for Luxottica

By Tiffany Montgomery
October 25, 2010 9:27 AM

Sunglass and prescription glasses sales continued to strengthen for Luxottica Group S.p.A., the parent company of Oakley, Ray-Ban, Sunglass Hut and a multitude of other sunglass brands and retailers.

 

Interesting trends include the continued rebound of premium and luxury brand sales and the relative strength in key territories, including the U.S. and Europe.

 

Third quarter results

Net sales: €1.5 billion. Up 8.6% in constant currency, up 19.7% in reported currency.

 

Net income: €$101.9 million. Up 34.5%

 

European revenue: up 12.7%

 

U.S. revenue in U.S. dollars: up 8.5%

 

Emerging market revenue: up 26.2%

 

Wholesale

Premium and luxury brand revenue: up 18%

 

Ray-Ban and Oakley revenue: up double digits. Optical sales for both brands strong.

 

Total wholesale revenue: € 518.3 million. Up 12.4% in constant currency, up 20.7% in reported currency.

 

Operating income: $94.9 million, up 53.8%

 

Operating margin: 18.3%, up from 14.4% in the same period last year, partly due to a better price point/product mix, the company said.

 

Retail

The U.S. was a strong performer in the retail division.

 

Total retail revenue: €946.5 million. Up 6.5% in constant currency, up 19.2% in reported currency.

 

Sunglass Hut global same store sales: up 9.6%

 

U.S. Sunglass Hut same store sales: up 12.5%

 

Australia: continues to be a tough retail market

 

Retail operating income: €129.3 million, up 13.5%

 

Operating margin: 13.7%, down from 14.3% the same period last year.

 

 

 

 


Articles You Might Have Missed