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Chanel reported record revenue in 2019



Double-digit revenue growth was achieved in all regions and throughout the entire product line of the brand.
Chanel Calgary boutique

Chanel, the French fashion house, reported a 13% annual growth in revenue, reaching $12.3 billion. For the first time since the launch of the brand, sales exceeded the mark of $12 billion, while the growth in operating profit amounted to 16.6%, reaching a mark of $3.49 billion. 

Chanel started publishing financial reports in 2018 when the reported revenue of the luxury fashion house reached $9.62 billion. Today, as well as three years earlier, Chanel is one of the best-selling luxury brands, second only to Louis Vuitton in terms of revenue.

Chanel finished last year without the leadership of Karl Lagerfeld, who died in February. The position of the creative director was taken by Virginie Viard. According to the annual report, sales of clothing and accessories increased by 28% year-on-year, with double-digit revenue growth “in all regions and all product lines.”

The company expects that its key business indicators will remain under pressure throughout 2020-2021. Most of Chanel's stores and factories were closed within two months amidst restrictions in the United States, Europe, and Asia. To date, about 85% of the French brand's stores have been restored. In 2020, the company expects to make a profit.

More about shopping malls in France



YESTERDAY, USA:
It plans to open about 40 such mini-stores in an area of about 50 square feet, which will sell the brand's goods.
YESTERDAY, USA:
The last of the closed Apple Stores in the U.S. was reopened the other day - it is located in Texas.
DAY BEFORE YESTERDAY, USA:
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Feb 26, 2021, USA:
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Feb 26, 2021, USA:
Shortly, 17 Apple mini-stores will open in hypermarkets across the country. The company intends to start opening such outlets in the fall.
Feb 25, 2021, India:
The vast mall's construction will cost $760 million, and the project is expected to be completed in seven years.
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Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark
AEON MALL Okinawa Rycom GLA:839 585 SF
ADDRESS: 901-2300 Tochi-kukaku seirichinai Awase, Kitanakagusuku Village, Nakagami District, Okinawa
Japan . Ginowan
AEON MALL Okinawa Rycom
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets
Hillcrest Mall GLA:585 758 SF
ADDRESS: 9350 Yonge St, Richmond Hill, ON L4C 5G2
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