Italian luxury menswear and sneakers brand Golden Goose Has reported a 12 per cent hike in revenue for the first nine months. Earnings for the third quarter alone grew by a rate of 12 per cent to US $ 493.96 million, driven by the direct-to-customer (D2C) segment which generated revenue worth US $ 366.46 million.
Amid a major crisis in the luxury segment, the sneakers and apparel brand has positively increased its revenue rates and the brand said that D2C was the main contributor to growth.
The brand’s Chief Executive Officer Silvio Campara also shared a statement that said, “Against a backdrop of headwinds in the luxury sector, we are committed to sustaining our momentum by enhancing the shift from marketing to experience by putting our customers and community at the centre.”
The wholesale channels of Golden Goose had net revenue of US $ 116.62 million during the third quarter and faced a 4 per cent decline year-on-year.
In terms of geographical performance across the globe, EMEA (Europe, the Middle East, and Africa) contributed 49 per cent of net revenues during the period, while the Americas represented 38 per cent, and APAC (Asia-Pacific) made up 13 per cent of the revenues
