At comparable overseas forex change charges, consolidated fourth quarter web gross sales had been virtually unchanged from these of 2019.
For the total yr, web gross sales declined 24.5% to $539.0 million from 2019’s report gross sales of $713.5 million. At comparable overseas forex change charges, consolidated 2020 web gross sales declined 25.6%.
Gross sales within the remaining quarter far exceeded expectations and had been in actual fact, higher than our third quarter, traditionally our strongest,” stated Jean Madar, chairman and CEO of Inter Parfums.
In accordance with Madar, a number of of the corporate’s largest manufacturers closed the yr with “spectacular” numbers. Montblanc, Jimmy Choo, Coach and Anna Sui grew fourth quarter gross sales by 9.8%, 13.4%, 18.0% and 62.3%, respectively, from the 2019 fourth quarter, he stated.
Except for Coach Goals, which was launched in early 2020, and the preliminary rollout of Anna Sui Sky in China and Hong Kong towards the tip of final yr, Inter Parfums postponed most of its deliberate 2020 new product launches. It plans to launch them this yr.
“Our 2021 new product pipeline is plentiful, with new entrants for our European operations that embody ladies’s scents for the Jimmy Choo, Kate Spade, Lanvin and Rochas manufacturers,” famous Madar.
For the US, Inter Parfums has perfume duos unveiling for the Abercrombie & Fitch and Hollister manufacturers, and ladies’s scents debuting for the Anna Sui, GUESS, MCM, and Oscar de la Renta manufacturers. Broader distribution of Anna Sui Sky all through Asia can also be deliberate.
Inter Parfums, which as ranked No. 21 in Happi’s Top 50 Report, stated it plans to difficulty full outcomes for the 2020 fourth quarter and full yr on or about Monday, March 1.