Fly News Breaks for June 10, 2019
News For IPAR From the Last 2 Days
Jul 23, 2019 | 16:07 EDT
With regard to U.S. based operations, CEO Jean Madar said, "Most of the credit for the more than 20% increase in second quarter sales goes to the exceptional strength of GUESS brand scents. We expect that the recent domestic debut of 1981 Los Angeles and upcoming launch of Seductive Noir will further enhance the brand's fragrance franchise. The Abercrombie & Fitch brand also contributed to the increase in sales, helped by the exclusive Authentic duo launch in UK Duty Free stores in April followed by the global rollout in May. In addition, Hollister fragrances generated gains enhanced by the launch of the Wave limited edition duo, plus our first Festival brand extension, Festival Nite. In last year's second quarter, the Anna Sui, Dunhill, and Oscar de la Renta brands produced significant comparable quarter sales, making this year's quarterly comparisons especially challenging. While Anna Sui and Oscar de la Renta are not far behind last year's second quarter, Dunhill is expected to regain some of its lost momentum with the global launch of Century Blue later this year."