Kering reported sales of Volcom declined 3.5 percent in the first quarter to €55.2 million and was down 6.3 percent on currency-neutral basis.
Kering said in a presentation, “Volcom still impacted by difficulties with action sports retailers in the US; good performance in own retail channel (+12 percent)”
Kering also owns the majority of the shares in Puma, which reported its results earlier this week. Its core business is its wide range of luxury brands including Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga and Brioni.
Photo courtesy Volcom
