Mar 14, 2016
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Alpargatas Group grew 16.6% in 2015; $1.1 billion dollars

Mar 14, 2016

Alpargatas, parent company of iconic Havaianas sandals, closed 2015 sales exceeding $1.1 billion dollars. The sales figure represents an increase of 16.6% over 2014.

Havaianas sandals - Alpargatas Group

In particular, Havaianas finished the year with 26 new store openings in Brazil and 15 in international markets. In total, the sandals brand has a network of 532 stores worldwide, and together with the other brands of the group, Alpargatas has 686 retail locations.

By volume, Havaianas and Dupé brands sold a total of 234.7 million pairs in 2015, 6.5% less than the previous year. Most of the decline was due to lower domestic demand. Venieron declined 7.3% in Brazil, while the sales volume decline was 1.4% in international markets.

Alpargatas Group’s operating income was 18.7% over 2014. According to the company itself, the growth is due to the strength of international business compared with the performance in its home market.

In addition, the appreciation of the US dollar, the euro and the Argentine peso against the Brazilian local currency benefited global sales over domestic. In Brazil however, net profit of Havaianas stores increased 9%.

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