Tourism downturn affects Ferragamo results
16/11/2016
Salvatore Ferragamo attributed a year-on-year decline of 5% in sales revenues in Europe partly to “lower tourist flows, negatively impacted by dramatic events”
In North America and China, by contrast, sales rose by 3% year on year over the nine-month period.
As of 30 September 2016, the group’s network totalled 673 points of sale across the world, with 396 directly operated stores and 277 in either travel retail or third-party operated.
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