298
Fashion Jobs
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
L'OREAL GROUP
Retail And Education Manager
Permanent · HONG KONG
TORY BURCH
Senior Manager, Retail Training, Asia
Permanent · HONG KONG
Translated by
Nicola Mira
Published
Jan 11, 2017
Reading time
2 minutes
Download
Download the article
Print
Text size

Italian menswear industry forecasts 0.9% revenue rise in 2016, initial outlook for 2017 weak

Translated by
Nicola Mira
Published
Jan 11, 2017

According to estimates presented at Pitti Uomo 91 by Sistema Moda Italia (SMI), the Italian fashion and textile industry federation, Italian menswear is expected to close 2016 with modest 0.9% revenue growth, reaching almost €9 billion. In 2015 revenue rose by 1.4%. The estimate reflects a slowdown in export sales, while Italian domestic demand's rate of decline has slowed but this seems to have chiefly benefited those businesses that are not exclusively focused on manufacturing.


Italian menswear is expected to close 2016 with a modest growth - pittimmagine.com

    
However, Italian manufacturing output in 2016, net of the sale of imported goods, is expected to post a marked recovery by rising 1.2%, compared to a 3.5% shortfall in 2015.

Over the same period, Italian export sales are forecast to grow by 1.9%, for a value of nearly €5.8 billion. This increase is lower than the 2.3% rise recorded in 2015, chiefly owing to the performance in emerging countries, as well as to the weaker-than-expected trend of USA domestic demand.

Imports on the other hand are forecast to buck the trend and fall by 0.5%, for a total value just below the €4 billion mark.

Geographically, exports and imports to/from the EU are both reportedly growing (+3.9%), while conversely the business with non-EU countries is expected to decline by 0.9% in both directions.

In Europe, the best revenue performances are expected to come from Germany (+7.1%), the UK (+7.7%), Spain (+13.5%) and Austria (+5.5%). France on the other hand, despite being once again Italian menswear's foremost market, accounting for 9.9% of worldwide revenue, is expected to decrease by 2%.

Outside the EU, the US is set to slide again into third position overall, by losing 10% compared to 2015, after the first nine months of that year recorded a remarkable 16.2% increase. Asia on the other hand is very dynamic: Hong Kong and Japan are expected to grow by 14.6% and 11.3% respectively, with China up 5.6% and South Korea by 1.8% only. Menswear exports to Russia are instead declining, with an expected 0.8% shortfall.  
  
According to a sample survey by SMI, 2017 began weakly for Italian menswear: initial Spring/Summer 2017 orders are down both domestically (-4.3%) and internationally (-3.4%). Despite this, the companies within the SMI panel display a cautious optimism for 2017: 86% of them expect a "stable" economic situation compared to 2016, while the remaining 14% hope for an improved market performance.

Copyright © 2024 FashionNetwork.com All rights reserved.