Oakley and Ray Ban Sales Strong 0
Although, Luxxotica, the parent company of Oakley, Ray Ban, Arnette, and others, Q1 sales were down 11.6%, Oakley/Ray Ban sales helped off set the companies weak performance in other sectors.
“The positive sales performance in all markets by Oakley and the success of Ray-Ban’s optical collections only enabled the Group to partially offset the effects of the challenging macro-economic environment, which triggered strong measures by clients to cut inventory levels. Wholesale sales for the period were Euro 501.6 million, compared to Euro 619.6 million (down by 19.0% at current exchange rates and by 19.8% at constant exchange rates). Regarding sales in key geographical regions, Luxottica’s performance was substantially positive in Continental Europe and South America, while sales were down in Southern Europe, North America and the Far East. “
story via
subscribe to comments RSS
Comments are closed