Giglio.com Navigates Headwinds With European Push as 2025 Sales Decline 14%

MILAN – Italy’s Giglio.com continued to consciousness the pinch of macroeconomic headwinds, dented user confidence, geopolitical instability and commercialized wars successful 2025.

Amid an iffy outlook for luxury players, the online retailer, which functions arsenic a marketplace and is listed connected the AIM Italia programme of the Milan Stock Exchange dedicated to tiny and medium-sized companies, logged a 14 percent driblet successful income past twelvemonth to 39.5 cardinal euros, compared to 46.2 cardinal euros successful 2024.

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However, preliminary first-quarter income successful 2026, updated until March 15, suggest an betterment successful business, with full income crossed geographies projected to alteration 3 percent arsenic of March 31. The diminution was offset by Europe, which is increasing 22 percent, and Italy, up 6 percent. These regions are the best-performing ones, since the rest-of-the-world country is forecast to autumn 36 percent.

In fact, Italy and Europe — accounting for 73.2 percent of income successful 2025 — drove the apical enactment past year, down 3 percent and 9 percent, respectively, and lone partially offsetting a 28 percent diminution successful the remainder of the world.

“It’s a challenging infinitesimal for our industry, which caters to an assemblage purchasing discretionary products. The institution has demonstrated resilience successful navigating these conditions. Focusing connected Europe not lone indicates that we person identified a portion wherever the show is unchangeable but besides reflects a strategical redirection of investments to guarantee this portion offsets show challenges elsewhere,” said Giuseppe Giglio, president and co-chief enforcement serviceman of Giglio.com, successful an interview.

Speaking astir 2025 and existent trends, Giglio said “the U.S. is facing important challenges owed to declining user assurance and wide fears astir an uncertain future. A weakened dollar, peculiarly against the euro, continues to interaction our competitiveness with customers.”

He elaborated by explaining that “the dependence of large currencies connected the dollar has led to a contraction, further exacerbated by the unpredictability of tariffs, which tin lone beryllium described arsenic chaotic. We are operating successful the dark: forecasting, budgeting, and managing fiscal show person go extraordinarily analyzable nether these conditions.”

Giglio addressed the Middle East war, saying that the market, contempt inactive a tiny information of the business, “had been showing growth… but we present look unsustainable transportation delays, and were forced to halt orders successful the portion for 15 days aft the archetypal bombing.”