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36 Etam

ETAMQ2 brought further gains in Europe

SECOND quarter results published by French distribution group Etam showed higher sales in Europe, up by 6.7 per cent to EUR 202.4m, while it limited to 5.6 per cent the sales decline in China, against 15.2 per cent in the preceding quarter. In Europe, the Etam and Undiz chains performed well, producing sales gains of 8.1 per cent while the 1,2,3 fashion chain progressed by a meagre 1.4 per cent.




The disappointing performance of the 1,2,3 fashion chain suggests once again that the group could have much to gain from concentrating its resources on its intimate apparel core business.

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