Maisons du Monde : Q3 marks further drop in sales: -15.3%
>Disappointing Q3 sales: € 213.5m vs € 239.7m estimated - In Q3, Maisons du Monde reported sales down 15.3% to € 213.5m, below our estimate of € 239.7m (-11%). On a like-for-like basis, the drop in sales would be 14.3%, although September saw a slightly less pronounced decline of 9.4%. For Q3, we note that by distribution channel, in-store sales (71.7% of sales) fell by 16.1% and online sales by 13.5%. Management said better management of slow-moving stocks led t...Maisons du Monde offers a range of decoration and furnishing items in a variety of styles and themes. At end-2016, Co. operated a network of 288 stores in seven countries, France, Italy, Spain, Belgium, Luxembourg, Germany, and Switzerland. It also operates an e-commerce platform available in 11 countries. Co.'s product offering contains approximately 16,000 stock-keeping units available in a range of prices. The offer falls into two categories: decorative products, such as household textiles, tableware and kitchenware, mirrors and picture; and furniture, such as beds, tables, chairs, armchairs and sofas, cupboards, bookshelves, junior furniture and outdoor furniture.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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