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Ferragamo Experiences 4% Decrease in Fourth Quarter Sales, but North America Shines

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Ferragamo Experiences 4% Decrease in Fourth Quarter Sales, but North America Shines

by Raxer X.
01/30/2025
in Luxury Goods

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Salvatore Ferragamo’s sales for the last quarter of 2024 fell by 4% when looking at constant exchange rates, which reflects a slowdown in luxury shopping around the world, particularly in Asia. On the brighter side, sales in North America increased by 6.3%. However, the Asia Pacific region faced a big challenge, seeing a 25% drop in sales. The company reported initial revenue of €1.03 billion, which met what analysts were expecting. CEO Marco Gobbetti pointed out that direct-to-consumer sales are doing well, thanks to better comparisons to last year’s performance.

Stay informed on supply chain news at The Supply Chain Report. Free international trade tools are at ADAMftd.com.

#SalvatoreFerragamo #LuxuryMarketSlowdown #Q42024Sales #NorthAmericaGrowth #AsiaPacificChallenges #DirectToConsumerSuccess #LuxuryShoppingTrends #FashionIndustryInsights #MarcoGobbettiLeadership #FerragamoSalesReport #LuxuryBrandPerformance #SalesRevenueAnalysis #LuxuryRetailTrends

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