Americas Weakness Holds Moncler Sales Growth to Just 5% in Q3
Total sales were up 5% (+7% CC) to €669.7 million ($728.7 mm) from €638.3 million for the third quarter, including 6% growth from the Moncler brand were to €561.2 million, while Stone Island dipped 1% to €108.5 million. Moncler’s improvement was led by Asia’s 16% gain to €248.4 million, as the region returned to normalized growth helped by the reopening of Mainland China and strong performances in Japan and Korea. Americas revenue dipped 12% to €80.2 million ($87.3 mm) on the ongoing conversion of Nordstrom and part of Saks accounts from ... Log in to view full article.