Ferragamo Faces Sales Decline Amid Weak Asia-Pacific Demand

The luxury brand struggles with decreased consumer confidence and wholesale challenges affecting its financial outlook.

Ferragamo's third-quarter revenues dropped 7.2% at constant exchange rates, totaling €221 million, missing analyst expectations.
Sales in the Asia-Pacific region fell significantly, with a 20.5% year-on-year decrease, heavily impacting overall performance.
The direct-to-consumer sales channel saw a decline of 5.7% in Q3, while wholesale sales dropped 12.8% due to weak demand, particularly in the U.S.
CEO Marco Gobbetti noted that the challenging macroeconomic environment is delaying the achievement of Ferragamo's financial goals.
Despite the downturn, Ferragamo continues to invest in marketing and retail strategies to engage new audiences and enhance brand potential.