April 29, 2019 0

BIC reports decline in stationery sales

BIC reports that stationery net sales decreased by 2.3% during Q1 and 5.8% on a comparative basis.

In Europe, net sales grew slightly. BIC says it outperformed a declining market and delivered strong e-commerce growth.  In France, it gained 1.6 points value share thanks to a solid performance of its new product the Gelocity Full Grip.

In North America net sales increased low-single digit. In a flat market, sales performance was driven by continued  growth in the gel segment and in e-commerce.  In Latin America, net sales decreased high single-digit.

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Business Products Group International LLP ®