Moncler Suffers from Low Tourist Traffic
Sales fell 2% (flat CC) to €605.5 million ($696.9 mm) from €615.6 million in the third quarter, while the Moncler brand slipped 3% (-1% CC) to €499.6 million from €514.2 million. Direct-to-consumer was down 4% to €357.6 million as growth in Asia was offset by weak tourist flows in EMEA. Wholesale was flat at €142.0 million. By region, Asia was up 1% (+5% CC) to €229.8 million, with growth in all countries. Americas also posted 1% growth (+2% CC) to €72.8 million ($83.8), with slower summer traffic easing growth trends from ... Log in to view full article.