Marco Gobbetti\u2019s exit<\/a> in February 2025. Leonardo Ferragamo continues to serve as chair, overseeing the transitory period.<\/p>\nThe brand\u2019s direct-to-consumer (DTC) channel performed the best in Q1, remaining the company\u2019s strategic focus. Sales were up 5.5% in the quarter, driven by North and Latin America, with a positive performance across all regions excluding Japan. However, the gains were not enough to offset a 19% wholesale decline. The company attributed the drag to a tough comparison base, as well as its ongoing focus on streamlining the wholesale channel, particularly in EMEA (Europe, the Middle East, and Africa).<\/p>\n
Ferragamo\u2019s net sales in EMEA declined 17% in Q1. North America was the strongest-performing market, with net sales up 18.8%. The US is a key focus for Ferragamo. The company highlighted the ongoing renovations of its New York Fifth Avenue and LA Beverly Hills flagships, alongside the opening of two temporary stores. In Central and South America, net sales increased 7%, Asia-Pacific sales were down 5.4%, and Japan saw a 4.4% decline, impacted by a reduction in tourism from China.<\/p>\n
Footwear and leather goods remain Ferragamo\u2019s biggest categories, representing 43.9% and 42% of total sales, respectively. Footwear sales were down 3.4% in Q1, while leather goods sales dropped 22.5%. Apparel sales declined 3.1%, and sales in silk and other categories fell 1.1%.<\/p>\n
\u201cDespite the persistent global instability, exacerbated by the Middle East conflict and its potential short to medium-term consequences, Ferragamo remains focused on executing its strategic plan, leveraging its brand heritage and strengths to drive desirability, refining the product mix, and ensuring the consistency of messaging across all channels,\u201d the company said in a press release. \u201cThe group will continue to prioritize top-line and distribution quality, while maintaining a strong focus on operational discipline and financial sustainability.\u201d<\/p>\n<\/div>\n
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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Salvatore Ferragamo Group\u2019s revenues declined 1.2% year-on-year, on a constant currency basis, to \u20ac209 million in the first quarter of 2026, ended March 31. Ferragamo is still without a CEO following Marco Gobbetti\u2019s exit in February 2025. Leonardo Ferragamo continues…<\/p>\n","protected":false},"author":1,"featured_media":29450,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[125],"tags":[],"class_list":["post-29449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fashion"],"_links":{"self":[{"href":"https:\/\/hunthow.com\/index.php?rest_route=\/wp\/v2\/posts\/29449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hunthow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hunthow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hunthow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hunthow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29449"}],"version-history":[{"count":0,"href":"https:\/\/hunthow.com\/index.php?rest_route=\/wp\/v2\/posts\/29449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hunthow.com\/index.php?rest_route=\/wp\/v2\/media\/29450"}],"wp:attachment":[{"href":"https:\/\/hunthow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hunthow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hunthow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}