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Geox summed up the financial results of the first half
04.08.2015 6058

Geox summed up the financial results of the first half

Italian brand Geox has summed up sales for the first half. Shoe sales, which account for 91% of total sales, increased by 10,7% and amounted to 390,4 million euros, compared to the same period last year. Clothing sales, by contrast, fell by 23% to 47,5 million Euros.

After the difficult 2013 year, the brand began with a rise in the 2014, this year the positive trend continued.

The breathing footwear group recorded good results in the home market - sales grew by 6,3% to 142,216 million euros.

In Europe (except Italy), which accounts for 43% of sales, turnover increased by 3,4% to 182,814 million euros.

Growth in North America was 18,6% (+ 3,4% at constant rate) to 28,751 million euros, compared to the same period last year.

As for sales in the rest of the world, growth amounted to 11,8% (2,6% at the same rate), sales - 73,146 million euros.

Sales in the chain's own stores increased by 12,5%, to 184,295 million euros. In franchised stores, sales, by contrast, fell by 5,7% (70,296 million euros against 74,529 million euros in 2014). Wholesale sales grew by 6,5% to 172,336 million euros.

Finally, by June 30, the network consisted of 1 165 stores, 454 of which were directly managed. In the first half of 2015, Geox opened 54 new outlets, and in order to streamline closed 114 stores.

Italian brand Geox has summed up sales for the first half.
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