Footwear manufacturer and retailer Le Saunda Holdings Ltd said total sales rose 15.2 percent year-on-year in the three months ended November 30th .The firm added in an interim filing to the Hong Kong Stock Exchange that same store sales for the third quarter of financial year 2013-14 expanded by 14.2%. The numbers were buoyed by a reduction in promotional discounts and an increase in retail gross margin.
Leatherbiz reports that UK leather goods brand Mulberry has reported that its profit for the first six months of the year fell 28% after soaring leather prices and investment in a new factory and stores impacted results.
Leatherbiz reports that footwear manufacturing and retail group Brown Shoe Company has reported sales revenues of US$702.8 million for the third quarter of 2013, an increase of 1% compared to the same quarter in 2012.
According to the marketing consultant Bain & Company the Americas surpassed China as leader in the growth of sales in the luxury sector. This recovery is mainly due to increased tourism from China in cities such as Los Angeles and Las Vegas.