{"id":159986,"date":"2018-04-26T15:33:25","date_gmt":"2018-04-26T15:33:25","guid":{"rendered":"https:\/\/www.theindustry.fashion\/smcp-gets-off-to-strong-start-in-2018-with-15-8-q1-sales-growth\/"},"modified":"2021-08-12T13:52:42","modified_gmt":"2021-08-12T13:52:42","slug":"smcp-gets-off-to-strong-start-in-2018-with-15-8-q1-sales-growth","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/smcp-gets-off-to-strong-start-in-2018-with-15-8-q1-sales-growth\/","title":{"rendered":"SMCP gets off to strong start in 2018 with 15.8% Q1 sales growth"},"content":{"rendered":"<p>SMCP Group, parent of French accessible luxury brands<strong> Sandro, Maje and Claudie Pierlot<\/strong>, has got off to a strong start in 2018 with sales up 15.8% to \u20ac252m in Q1.<\/p>\n<p><!--more-->The business achieved double-digit growth across all of its brands with <strong>Sandro up 11.7%, Maje up 11.8% and Claudie Pierlot up 13.1%.<\/strong>\u00a0Its home market of France achieved growth of just 0.7% but EMEA was up 11.5%, the Americas up 12.9% and APAC up 42%.<\/p>\n<p>Chief executive Daniel Lalonde said he was \"very pleased\" with the performance \"including the<strong> outstanding performance in both Asia and the Americas,<\/strong> which demonstrates the relevance of our business model as well as the ever-growing desirability of our brands. [...] With this strong performance, we are on track to achieve our 2018 full-year guidance.\u201d<\/p>\n<p>The group, which is part of the Chinese conglomerate Shangdong Ruyi, said its stagnant performance in France was down to a market that was in decline and which was<strong> hit by adverse weather conditions and a drop in tourism.<\/strong><\/p>\n<p>Europe, as a whole, had fared much better, despite also being hit by adverse weather, while the US growth was put down to \"digital\u2019s acceleration and successful in-store activation\".\u00a0<strong>APAC too felt the positive impact of digital's acceleration<\/strong> and had also picked up some of the tourist spending that had migrated from Europe.<\/p>\n<p>The group continued with its retail expansion plan with <strong>45 new points of sale opened for Sandro<\/strong> in the past 12 months, 37 for Maje and 15 for Claudie Pierlot, resulting in a net of 93 new openings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":132029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6,10494],"tags":[10212,10862,10211,10210,11414,10261],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SMCP gets off to strong start in 2018 with 15.8% Q1 sales growth - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"SMCP Group, parent of French accessible luxury brands Sandro, Maje and Claudie Pierlot, has got off to a strong start in 2018 with sales up 15.8% to \u20ac252m\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theindustry.fashion\/smcp-gets-off-to-strong-start-in-2018-with-15-8-q1-sales-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SMCP gets off to strong start in 2018 with 15.8% Q1 sales growth - TheIndustry.fashion\" \/>\n<meta property=\"og:description\" content=\"SMCP Group, parent of French accessible luxury brands Sandro, Maje and Claudie Pierlot, has got off to a strong start in 2018 with sales up 15.8% to \u20ac252m\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theindustry.fashion\/smcp-gets-off-to-strong-start-in-2018-with-15-8-q1-sales-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"TheIndustry.fashion\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/theindustryfashion\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-26T15:33:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-12T13:52:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2021\/07\/Sandro-Hong-Kong-FashionWalk-1-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1275\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lauretta Roberts\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:site\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lauretta Roberts\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.theindustry.fashion\/smcp-gets-off-to-strong-start-in-2018-with-15-8-q1-sales-growth\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/smcp-gets-off-to-strong-start-in-2018-with-15-8-q1-sales-growth\/\"},\"author\":{\"name\":\"Lauretta Roberts\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/85b04a16eba8c6cd7a9534c5a4262b89\"},\"headline\":\"SMCP gets off to strong start in 2018 with 15.8% Q1 sales growth\",\"datePublished\":\"2018-04-26T15:33:25+00:00\",\"dateModified\":\"2021-08-12T13:52:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.theindustry.fashion\/smcp-gets-off-to-strong-start-in-2018-with-15-8-q1-sales-growth\/\"},\"wordCount\":255,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"},\"keywords\":[\"Claudie Pierlot\",\"Daniel Lalonde\",\"Maje\",\"Sandro\",\"Shandong Ruyi Group\",\"SMCP\"],\"articleSection\":[\"Finance\",\"News &amp; 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