We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Mar 29, 20243:49pm

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
mds
Save

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.

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...