Net income for the year gained 27% to €249,688,000 ($281.5 mm) from €196,043,000 boosted by accelerating retail sales as total revenues were up 15% at €1,193,704,000 ($1,345.8 mm) vs. €1,040,311,000 with growth in all regions. Comp sales at its own retail stores were up 14%, doubling 2016’s 7% comp sales increase. Gross margin at the Italian luxury outerwear brand expanded 120 basis points to a heady 76.9% as higher-margin retail sales now account for 74.8% of total revenues up from 73.5% in 2016, jumping 17% to €892.3 million. Wholesale sales increased 9% to $301.2 million driven by the U.K. and ... Log in to view full article.