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April 11, 2008
Armani Plans 50 New Doors As Profits Spike
Profits at Armani increased 17% last year to $396 million on revenues that climbed 8% to $2.2 billion. The company said that it saw consistent growth across its product line and in all sales regions.
Armani said it plans to open 50 new stores worldwide this year, in more mature markets. It opened 49 new doors last year.
The company also predicted that wholesale orders for its fall collections would increase by 7% this year, thanks to the diversity of its product line.
Posted by Blacks on April 11, 2008 09:34 AM
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