Van de Velde turnover decreases by 3 percent in 2019

For the fiscal year of 2019 the reported turnover of Van de Velde decreased by 3 percent to 197 million euros (215 million dollars). At constant exchange rates, this amounts to a decrease of 3.6 percent. The company said in a statement, wholesale turnover on comparable basis decreased by 2.2 percent with a decrease in lingerie partially compensated by growth in the swim collection. Retail turnover on like-for-like store basis decreased by 3.7 percent, while turnover on like-for-like store basis of the company’s own eight stores in the US decreased by 3.4 percent, while in Europe, turnover decreased by 3.8 percent.