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Growth was led by Gucci, Kerings biggest brand, as products such as $2,000 Sylvie leather shoulder bags and $1,100 Red Malin spike leather sandals appealed to shoppers including millennials. Gucci sales rose 17 percent in the quarter, benefiting from Chief Executive Officer Marco Bizzarri and creative directorAlessandro Micheles efforts toturn around the Italian luxury house. Michele, then a little-known designer, landed the role in January after the label faced more than a year of almost no growth. From his first collection featuring pleated red leather skirts and sheer pussy-bow blouses to his 1970s-inspired vision for spring-summer 2016, Michele brought a buzz back to the brand that it hasnt รองเท้าส้นเตารีด ราคา seen since the days of Tom Ford. Gucci has got its mojo back, Carole Madjo, an analyst at Haitong Research, said in a note. Growth should continue thanks notably to the increasing penetration of Guccis new offer. New products made up more than 80 percent of Guccis sales in the quarter, up from some 70 percent the previous quarter, Chief Financial Officer Jean-Marc Duplaix said on a conference call. That share will continue to increase in the fourth quarter, though wont reach 100 percent, he said. Duplaix also said Guccis margin could improve by about 1.5 percentage points in the second half compared with the same period last year. Kering joins industry leader LVMH in reporting estimate-beating sales, indicating that the peak holiday season may see strong demand and potentially giving the luxury industry some respite after demand was weighed down by weakness in Asia and a slowdown in European tourism following terrorist attacks in the region. For the luxury sector, this is another example of current trading picking up as we get closer to the key festive season, Rogerio Fujimori, an analyst at RBC Capital, wrote in a note.
For the original version including any supplementary images or video, visit http://www.bloomberg.com/news/articles/2016-10-26/kering-surges-as-gucci-s-strong-sales-bode-well-for-christmas
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