Sales are up double-digits at Inter Parfums
Global net sales for the company are up 13.4% over Q3 last year, according to an announcement from Inter Parfums this week. For the quarter ending 30 September sales were at $157.6m; that’s in contrast to $138.9m for the same quarter in 2015. “Both our European and U.S. operations performed exceptionally well during the third quarter,” affirms Jean Madar, chairman & CEO of Inter Parfums, in the press announcement.
Recalculated for comparable foreign currency rates, Inter Parfum’s consolidated Q3 net sales were up 14.8%, according to the press announcement.
In the States
The company points to First Instinct, the new men’s scent for Abercrombie & Fitch as well as Wave for Hollister as sales leaders for the quarter in this country. “New brands accounted for most of the 19% increase in U.S. based product sales,” notes Madar.
“Many of the Hollister namesake stores domestically and internationally are now carrying Wave, and First Instinct recently debuted at the Abercrombie & Fitch flagship stores in New York, Paris, Milan and London,” he adds.
Dunhill does well for Inter Parfums too. That brand’s sales were up 12% over the same quarter last year, “owing to the strength of the Dunhill Icon fragrance franchise, which we are expanding with brand extensions such as Icon Elite that launched in the third quarter,” explains the CEO.
Overseas
The US business is about to get a boost from the Coach brand that’s doing so well overseas just now. “For our European operations, the debut of our signature Coach women's scent exceeded initial expectations,” says Madar. “The global rollout, which began in July of this year, primarily in the U.S., is underway and will continue into 2017.”
Montblanc brand sales were up 11% for the company. Also, according to Madar’s remarks, “Van Cleef & Arpels Collection Extraordinaire did well, resulting in a more than 50% increase in third quarter brand sales compared to the prior year period.”
And while brand sales for Jimmy Choo fragrances were down compared to Q3 of 2015, a look at the last 9 months nearly flattens out the numbers.
