Rieker
Geox summed up the financial results of the first half
04.08.2015 5723

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.
5
1
Rating

Latest News

BeInOpen Forum will give an opportunity to declare about themselves 10 young brands from the world of fashion

The New Fashion Industry Forum BeInOpen will be held digitally on June 4 and announce the return of the Open Stage format, in which 10 young fashion brands will have a chance to present their project on ...
23.04.2021 100

Lamoda launched a section of exclusive items and collections for its XNUMXth anniversary

The Russian online platform for selling fashion goods celebrates its tenth anniversary. By this date, a special section of exclusive goods from world brands has been launched, which were specially created for the celebration of the decade ...
23.04.2021 118

Detsky Mir expands its presence in the Urals

New stores of the Detsky Mir chain have opened in Chelyabinsk and Yekaterinburg. The tenth in a row in Chelyabinsk and the ninth in Yekaterinburg. Both new stores occupy 1000 sq. M. ...
22.04.2021 155

Turkish Eksposhoes will be held in June

The Turkish exhibition of shoes and leather accessories Eksposhoes will again be held in Antalya from 2 to 4 June 2021 and is glad to host buyers from ...
21.04.2021 173

Tod's Group has appointed Chiara Ferragni to the Board of Directors

The appointment of Chiara Ferragni, an Italian model and influential fashion blogger, to the board of directors of the Italian fashion group Tod's, was an important step for the famous brand of the same name, moccasins, as well as chic Roger Vivier shoes to conquer ...
21.04.2021 181
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning