Monday, 1 February 2010

Bulgari Fourth Quarter Sales Fall 5.1 Percent – 1/2/10


Despite this bad news, Bulgari’s CEO, Francesco Trapani, said it’s “reasonable to expect that 2010 will be better than the prior year.”

We read in WWD and the Wall Street Journal that the 5.1 percent decline has been blamed on “heavy destocking in the wholesale channel” and ongoing slow sales in Japan (27.3 percent drop) and the U.S (17.3 percent decline). Although US sales improved in November and December.

All product categories registered sales decreases in the quarter, except the core jewellery business. So it’s not all bad news.

Click here for our recent good news on Bulgari’s watch brand alliance.
Posted by Anonymous at 7:02 am
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