Gucci revenue jumped 86% on a comparable basis during the second quarter, owner Kering said on Tuesday
A window display at a Gucci store at Tsim Sha Tsui shopping district in Hong Kong. Picture: REUTERS
“Performance in the first half is excellent, be it on revenue, but also on the profitability side,” CFO Jean-Marc Duplaix said in a press call, noting particularly good results in Asia Pacific and North America. Kering is “confident” that Gucci’s profitability can improve even further. Gucci helped generate buzz by releasing a digital fashion show in April with sister brand Balenciaga. The 15-minute video, called Aria, featured equestrian helmets and boots, disco skirts and sequinned jackets with the brands’ logos. The Aria collection will hit stores in the second half, Duplaix added.
Although 80% of Kering’s sales come from stores the company directly operates, another fast-growing part of the business is online. During the first half, e-commerce revenue soared 78.5% from a year earlier.
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