In Europe, Luxottica invests in relationships with clients, premium products targeting individual points of sale and after-sales service.
Strategy
Figures
In 2008, the wholesale division’s net sales to 3rd party clients in Europe amounted to euro 1,077.2 million (up 5.5% on 2007), which was around 51.5% of its total sales compared to 59.9% following consolidation of the Oakley business.
In Asia, Luxottica invests in region-specific collections and brand experience in points of sale.
Strategy
Figures
The wholesale division’s net sales to 3rd party clients in the rest of the world rose 41.3% to euro 527.8 million, accounting for 25.2% of its total sales against 21.9% the previous year.
Net sales by Luxottica’s wholesale division in the United States and Canada
Net sales in the United States and Canada reached US$ 716.9 million, which is 23.3% of the division’s total net sales in 2008, against 18.1% in 2007.
This robust 67.8% increase was due to consolidation of the Oakley business and improved sales by house brands, especially Ray-Ban and Vogue. In euros, sales in North America rose by a more modest 57.7% due to the effect of the weak dollar.
Strategy for emerging markets:
Figures
The wholesale division’s net sales to 3rd party clients in the rest of the world rose 41.3% to euro 527.8 million, accounting for 25.2% of its total sales against 21.9% the previous year.