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The global fashion business journal

Dec 7, 20191:04am

Orchestra stagnates sales in the first half

The French childrenswear company had a 95.7 million euros loss in the first half of the year.

Nov 29, 2019 — 5:11pm
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Orchestra stagnates sales in the first half

 

 

Orchestra on the low. The French childrenswear company has ended the first half of its fiscal year with losses of 95.7 million euros compared to the red numbers of 19 million euros in the same period year-on-year.

 

The company had sales of 280.9 million euros in the first half on the year, only 0.9% more. Revenues through the company’s ecommerce platform increased by 30.3%, up to 10.6 million euros.

 

In its local market, Orchestra increased 0.8%, up to 175.1 million euros while in Belgium and Luxembourg the group’s business dropped by 3.1%, up to 35 million of euros. The company’s international sales, meanwhile, have risen 3.2% to 70.8 million euros.

 

As of the period ended August 31, the childrenswear company had 542 stores, the majority of them, 306 stores, in France. In the first half of the year, the group has shuttered four points of sale.

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