7/13/2010 12:30 PM ET |
Filed under: Armani
It's a sign of the times.
Armani is reporting a 6% decline in sales for 2009 and naturally they're blaming the recession. Total sales for the year totaled $1.90 BILLION, which was down from 2008's $2.04 BILLION.
But King Giorgio says he isn't too worried because sales figures for the new year are already showing an improvement. He says "The first few months of 2010 have already shown a promising positive momentum".
If things keep looking up we're sure he won't even notice the millions that were missing from last year.
[Image via WENN.]
Tags: giorgio armani, king giorgio, sales decrease