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current news

Rigby & Peller Sales Dropped 20.2% In 2016


(Filed Under wholesale Lingerie News). 2016 retail sales at Rigby & Peller (formerly the Intimacy chain) fell by 20.2% “on a like-for like basis at constant exchange rates.”

Meanwhile, wholesale sales at parent company Van de Velde, which owns the Marie Jo, PrimaDonna and Andres Sarda brands, increased by 3.4%, and retail sales in Europe (where the company operates various chains) increased by 3.5%. Overall, “consolidated turnover” at Van de Velde, for the year, declined 1.1%, from 209.0 million euros (about $221 million at today’s exchange rate) to 206.6 million euros (about $219 million).

The number of Rigby & Peller stores in the U.S. peaked at near 20 some years ago, but gradually shrank to 14 as of the fall of 2015, and then to 10 as of last September.

At the end of last summer, in announcing its interim financial results for the first half of 2016, Van de Velde reported for Rigby & Peller a “decrease of retail turnover in the U.S. by 17.7% on comparable basis, both in local currency as well as in Euro.” At the time it stated, “Retail activities in the USA continue to underperform and will decline in 2016 compared to 2015. As of September 2016, Rigby & Peller USA will put stronger focus on online sales besides the existing store network.”

Full results for 2016 will be reported on Monday, February 20. — NM


more wholesale Lingerie News >>

Published 01-10-2017 by Nick Monjo



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