Moncler Group sales in the first quarter rose, boosted by the direct-to-consumer channel and a strong performance in teh Asia Pacific region.
Group posted a strong set of results in the first quarter of the year, as revenues rose 13 percent to 818 million euros, compared with 726.4 million euros in the same period last year. At constant exchange rates, sales were up 16 percent.touted the “excellent” performance of the group, and expressed his pride in the “distinctive brand experiences we created over the past few months, building stronger and stronger connections with our communities.”fashion show held in St.
“January and March were good and February was extremely good on the back of the Chinese New Year. Chinese customers traveled around the world and in Japan and more than last year to Europe. The number is still behind 2019 but not so far, it’s getting closer,” said Santel. Asked about current trading, he said April is the “least important month” for the group, still “positive but showing a normalized trend and not as strong as the first quarter and not meaningful” overall.
Revenues in the Americas were up 14 percent to 96.4 million euros, accelerating compared to the previous quarter, with strong performance in the DTC channel more than offsetting the decline in the wholesale channel. Performance in the region was impacted by the conversions of Nordstrom and Saks from wholesale to DTC business models.“The first quarter in the U.S.
As of March 31, the network of Moncler mono-brand boutiques comprised 275 directly operated stores, three more than at the end of December last year. The Moncler brand also operated 56 wholesale shop-in-shops, a decrease of one unit. In the period, the Europe, Middle East and Africa region, the most important for the brand, recorded revenues of 77.7 million euros, a decline of 12 percent compared with the same period in 2023, with the strong double-digit performance in the DTC channel not enough to offset the decline in the wholesale channel.
In the first three months of 2024 the wholesale channel, which continues to be the most important channel for the brand, recorded revenues of 63.6 million euros, down 23 percent compared to the same period of 2023.
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