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current news

Etam Reports Decline in 3q Sales

(Filed Under Financial and General Interest News). French lingerie chain Etam saw third quarter sales fall 3.8 percent to €269.4 million, or $371 million, due to currency depreciation and a weak end-of-season turnout from shoppers.

By region, sales were down 7.2 percent in Europe, while sales in China rose 3.9 percent to €89.3 million, or $124 million.

"The Etam Group has geared itself up to deal with uncertain consumption in Europe in a challenging economic climate and to benefit from China’s growth," the company wrote in a statement. "It is taking the commercial and management steps needed to uphold all its commitments."

The Etam Group currently operates 4,466 locations in 39 countries around the world.

more Financial and General Interest News >>

Published 10-21-2011 by Katherine Rautenberg

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