World Footwear

Companies

Tod’s consolidates sales

Dec 17, 2015 Italy
Tod’s consolidates sales
The Italy-based luxury goods group announced 3.1% growth in third quarter sales. For the nine months period sales increased by 5.1%

Diego Della Valle, Chairman and CEO of the Group, stated: “Our group achieved good results in the third quarter, which are even more meaningful if we consider the weakness of some important markets for luxury goods. (...) We are focused on manufacturing very exclusive products, with marketing and advertising campaigns consistent with the DNA of each brand. (…) Considering the current environment, we can confirm our expectations for this year”

In the third quarter sales totaled 271.6 million euros (+3.1% as compared to Q3 2014), with alll the product categories registering positive performances. In the first nine months of 2015 consolidated sales grew by 6.2% reaching 786.9 million euros. At constant exchange rates sales would have been 745.3 million euros, up by 0.6% from similar period last year.

Sales of the Tod’s brand totaled 453. 3 million euros in the first nine months of 2015, up by 5.1%, which reveals an acceleration as compared to the first half of 2015. The brand achieved positive results in all the markets where it’s distributed, with the only exception of the Chinese one, which continues to be affected by the overall weak consumption environment.

Hogan revenues reached 176.8 million euros, up by 3.1% from similar period in 2014.  The entire collection of shoes achieved positive results and the brand confirmed it continues to register strong results in all the markets where it’s expanding, including Greater China.

The Fay brand registered sales of 43.8 million euros, which are broadly aligned with the turnover of the same period of 2014. Finally, revenues of Roger Vivier totaled 112.1 million euros, up by 20.1 %, confirming the outstanding performance of this brand across the globe.

Sales from the shoes segment continued their growth, confirming the group’s leadership in its core business, with revenue in this segment totaling 621.3 million euros in the first nine months of 2015, up by 8.1%. Sales from leather goods and accessories totaled 115.7 million euros, up by 0.3%, and sales from apparel reached 49 million euros, with a slight decrease.

In the first nine months of 2015, domestic sales totaled 254.1 million euros, up by1.9%. In the rest of Europe, the group’s revenue totaled 189.7 million Euros, up by 11.6% from the same period of 2014; with double - digit growth rates in all the major countries for the group.

In the Americas, sales totaled 73.9 million euros, increasing by 19.1%. In Greater China sales totaled 167.8 million euros. At reported rates, mainland China, which accounts for more than half of this area, registered positive results, while the performance in Hong Kong was still negative, due to the sharp reduction in traffic.

Finally, in the area Rest of the World the group’s revenue totaled 101.4 million euros, up by 12.9% from the first nine months in 2014, with outstanding results in Japan and in Korea.

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