Summary of financial reports of 15 companies in the global fashion industry in fiscal year 2020
The following is a summary of the financial reports of 15 companies in the global fashion industry in fiscal year 2020 (for reference only):
LVMH Group: Revenue in 2020 was 53.87 billion euros, a year-on-year decrease of 17%.
Kering Group: 2020 revenue of 13.7 billion euros, down 17.5% year-on-year.
Richemont Group: 2020 revenue of 15.6 billion euros, down 8% year-on-year.
Nike: Revenue in fiscal year 2020 was US$37.4 billion, a year-on-year decrease of 4%.
Adidas: Revenue in 2020 was 19.8 billion euros, a year-on-year decrease of 16%.
Inditex Group (Zara): 2020 revenue of 20.7 billion euros, down 28% year-on-year.
H&M: Revenue in 2020 will be SEK 187.2 billion, down 18% year-on-year.
Burberry: Revenue in fiscal year 2020 was 2.74 billion pounds, down 11% year-on-year.
Capri Holdings (Michael Kors, Versace, Jimmy Choo): Fiscal 2020 revenue of $4.5 billion, down 45% year-over-year.
PVH Corp. (Tommy Hilfiger, Calvin Klein): 2020 revenue of $9.2 billion, down 32% year over year.
Ralph Lauren: Revenue in fiscal year 2020 was $6.1 billion, down 30% year-on-year.
Tapestry (Coach, Kate Spade, Stuart Weitzman): Fiscal 2020 revenue of $4.8 billion, down 22% year over year.
Salvatore Ferragamo: 2020 revenue of 920 million euros, down 33% year-on-year.
Prada: Revenue in 2020 was 2.58 billion euros, a year-on-year decrease of 24%.
Tiffany & Co.: 2020 revenue of $4.3 billion, down 8% year-over-year.
These figures show that the global fashion industry has been severely impacted by the new crown epidemic in fiscal year 2020, resulting in a decline in revenue for many companies. Factors such as the stagnation of tourism, retail store closures and reduced purchasing power of consumers have affected the operation of the fashion industry. However, it should be noted that these data only represent a specific fiscal year and a specific company, and the financial status of each company may vary due to different business strategies and market positioning.
