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BRIEF-Luxottica CFO sees retail margins improving in 2017
March 2, 2017 / 9:52 AM / 9 months ago

BRIEF-Luxottica CFO sees retail margins improving in 2017

March 2 (Reuters) - Luxottica Group CFO Stefano Grassi tells analyst call:

* Retail performance will improve in 2017 from a margin standpoint, many stores opened in 2016 will become profit accretive in the second half of 2017

* In 2016 Luxottica’s adjusted operating margin for the retail segment fell by 100 basis points, hit by investments in digitalization and shop openings Further company coverage: (Reporting by Milan Newsroom)

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