World Footwear

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Declining sales by Tod's

May 17, 2017 Italy
Declining sales by Tod's
Consolidated sales for the Tod’s group in the first quarter of 2017 reached 238.5 million euros, down by 4.4% from similar period in the previous year (down by 5% at constant rates)
Sales of the Tod’s brand totaled 123 million euros in the first quarter of 2017, a 6.7% decrease compared to the same period of the previous year, mainly driven by the performance of the footwear segment, also affected by a different timing of deliveries.

Revenue of the Hogan brand reached 59.4 million euros driven by a weak Italian market, in particular in the wholesale channel, and the Fay brand generated 14.6 million euros (broadly in line with the previous period in 2016).

Sales of the Roger Vivier brand totaled 41.3 million euros, up by more than 15% from the same period of the previous year. Very strong results were registered in all markets, excepted for the US, which continued to be penalized by the sharp drop in tourist traffic.

Revenues from the footwear segment totaled 190.2 million euros, a decline compared to similar period of 2016, mainly driven by the wholesale channel. Sales of leather goods and accessories totaled 32.4 million euros, broadly aligned with the same quarter in 2016. Sales of apparel totaled 15.7 million euros, with a very small decrease from quarter one in 2016.

In the first quarter of 2017, domestic sales totaled 79.4 million euros; a 8.7% decrease compared to the same period in 2016, mainly as a result of a weakness experience in the wholesale channel, mainly in provincial cities. Tod’s revenue totaled 57.3 million euros in the rest of Europe and 16.8 million euros in America. The group’s revenues in Greater China totaled 50.3 million euros, up by 3.6% from similar period in 2016.

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