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The global fashion business journal

Jan 29, 202010:16am

Orchestra increases sales by 0.7% in first nine months after restructuring its store networks

The French children’s fashion company has ended the period with a revenue of 485 million dollars, although its pace has slowed down.

Jan 10, 2020 — 5:51pm
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Orchestra increases sales by 0.7% in 3RD quarter after restructuring its stores networks

 

 

Orchestra’s pace slows down. The French children’s fashion company has ended its first nine months of the year. with a revenue of 485 million dollars, 0.7% more than in the same period last year.

 

The company’s sales have been driven by its growth abroad, where it has increased its revenue by 3.8%. In France, the group’s sales have fallen by 0.1%, while in Belgium, the Netherlands and Luxembourg, the group’s revenue has fallen by 1.1%. The company considers these two regions as its main markets.

 

The company has continued to reorganize its stores network during the period. Orchestra has ended its third quarter with 534 stores, eleven less than the same period a year ago. However, the company has raised its stores network by 0.3%.

 

In addition, ecommerce has also grown positively during the period, recording a growth of 18.3%. In its local market, sales on its online have risen by 11.9%.

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