Revenue down at Ferragamo but footwear sales rise
04/08/2016
Despite an overall drop in revenue, sales of shoes registered a 1% increase in sales in the first half of the year. In comparison, sales of handbags and leather accessories decreased 3% compared to the same period of 2015.
Sales in various regions were affected by a drop in tourist flows. Revenue from the Asia Pacific region dropped 4%, mainly due to the drop in business in Hong Kong, according to the company. Reduced tourist numbers also impacted Europe, where revenue was down 3%. North America was a bright spot, recording a 2% increase in sales.
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