Leathergoods as well as footwear were the growth drivers for the Gucci and Yves Saint Laurent brands in the 2nd quarter ended Apr. 30, says Pinault-Printemps-Redoute, which has taken over Gucci Group completely, in its own quarterly report. In the Gucci division, sales of leathergoods were up 17.4 percent to €164.4 million, while footwear sales rose by 21.6 percent to €45.7 million in the period. At YSL, leathergoods and shoes grew by 53.4 and 47.9 percent, respectively, making the strongest contribution in Asia and in the growing network of YSL stores around the world.
On the other hand, Sergio Rossi’s revenues rose by only 3.5 percent to €20.4 million in the quarter, or by 4.7 percent in local currencies, thanks largely to a 29.8 percent increase in the company-owned stores trading under the brand. The strongest performances occurred in Japan, where three new stores have been opened since last October, bringing the global count up to 41 units. They grew even more in the USA.
Overall, Gucci Group recorded a 4.9 percent sales increase in the quarter to €595.0 million. In local currencies, the group’s sales were up 10.5 percent, with increases of 11.5 percent for the Gucci brand, 18.5 percent for YSL and 59.3 percent for Bottega Veneta. Geographically, the strongest increases were registered in the Americas, in Asia and in France. In the rest of Europe revenues rose by only 4.9 percent, but growth rates accelerated throughout Europe and in the USA during the months of May and June.
Saleswise, the luxury goods division was the best performer within the PPR group, whose total sales rose by 5.1 percent to €3,906.9 million in the quarter on an organic basis. In constant currencies the total turnover grew by 6.0 percent.