It represents the brand's turnover from the sales of finished goods through all of the distribution channels - retail, wholesale and e-commerce, after the deduction of returns, allowances for damaged or missing goods and any discounts allowed.
Also known as ROS - Return on Sales, it measures the percentage of sales revenue that gets 'returned' to the company as net profits after all the related costs of the activity are deducted. The figure is about the latest fiscal year available.
Piumelli's story began in 1958, when Antonio Piumelli opened a small artisan workshop for producing gloves, taking care of the choice of skins, patterns and colors, making products with an innovative style for the era. Since the 1960's, the business has expanded its international market, having a more accurate study and increasing its specialization in sewing art.
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