In releasing sales results for all the components of its group, Kering said that Puma achieved a 13 percent sales increase to €825.0 million in the first quarter of 2015, up by 4.5 percent in constant currencies. In particular, Puma's sales of footwear recorded accelerating growth, rising by 8 percent, thanks to a good response by the market to its new Ignite line of running shoes and strength in the training category. Apparel continued to grow against the strong quarter of last year, when its sales were boosted by the football World Cup.
The two smaller components of Kering's Sport & Lifestyle division, Volcom and Electric, booked a sales increase of 9.1 percent to €65 million in the quarter, with growth of 5.0 percent on a currency-neutral basis. They were affected by weakness at certain U.S. wholesale accounts and the timing of deliveries in Western Europe.
Overall, Kering's Sport & Lifestyle division recorded a sales increase of 12.7 percent in the quarter to $890 million, or 3.7 percent in constant currencies. Regionally, currency-neutral sales were flat in North America and in Japan. They dropped by 2.0 percent in Europe but grew by 17 percent in Asia-Pacific and by 11 percent in the rest of the world.
The group's Luxury segment, which comprises Gucci and other brands, booked a sales increase of only 10.9 percent to €1,754 million in the quarter, with a drop of 2.6 percent on a comparable basis.
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