Yves Saint Laurent<\/a>, said it witnessed a sharp acceleration of online sales, up 47.2% in the first six months of the year and up 72.4% in the second quarter, compared to 2019.<\/p>\nThe sharp rise in online sales can be attributed to a larger online market presence early in 2020, and through the reduction of in store experiences and retail environments during lockdowns.<\/p>\n
Bottega Veneta reported an 8.4% fall in revenue year-on-year to \u00a3546 million, whilst Yves Saint Laurent\u2019s revenue dropped 30% to \u00a3615.5 million.<\/p>\n
Gucci also saw a drop of 33.5% compared to the same period in 2019, reporting a revenue of \u00a32.75 billion.<\/strong><\/p>\nKering\u2019s overall online sales accounted for 18% of revenue in the second quarter, up from under 10% at the start of the year.<\/strong><\/p>\nFran\u00e7ois-Henri Pinault, Kering Chairman and Chief Executive Officer, said: \"It is fair to say that the first half of 2020 has been the\u00a0toughest period we have faced<\/strong>\u00a0- we stand in solidarity with all who are suffering through this situation and acknowledge the remarkable contribution of all our associates.<\/p>\n\"Our results today underscore the extent of the disruption exacted by the pandemic on our operations. Even more importantly, the resilience of our performances<\/strong>\u00a0validates our model and supports our confidence that we will come out of this crisis even stronger. We\u00a0entered 2020 in a particularly solid position<\/strong>\u00a0- our global scale, the desirability and agility of our brands, and our values of sustainability and responsibility, all are key assets in weathering current conditions.<\/p>\n\"Our strategic vision is only reinforced by the crisis and, with the benefit of our sound financials, innovativeness and digital expertise, we are pursuing its implementation with consistency and determination.\"<\/p>\n
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Kering sales down 43.7% in Q2 - TheIndustry.fashion<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n