Rieker
Geox Group reports revenue growth for the first 9 months of 2021
22.11.2021 389

Geox Group reports revenue growth for the first 9 months of 2021

In the first nine months of 2021, Geox's consolidated revenue increased 7,8% (8,9% excluding currency fluctuations) over the same period in 2020 to € 463,5 million, Worldfootwear writes. com.

The company associates the sales growth with the gradual resumption of the traditional retail operations, starting from the second quarter.

Geox's wholesale channel revenue in the reporting period increased 13,3% year-on-year to € 250,9 million, representing 54,1% of the group's total revenue.

Sales through the franchise channel, representing about 7,6% of the group's total turnover, reached 9 million euros in the first 2021 months of 35,4. Revenue from direct stores (traditional retail and online), accounting for 38,2% of the group's total revenue, reached € 177,1 million, up 1,4% compared to the same period in 2020.

Sales in Italy, which account for 24,1% of the group's total revenue, rose 9,4% in the first nine months of this year to € 111,8 million, up from € 102,3 million in the same period in 2020.

Geox stressed that the performance in Italy was impacted by the lower percentage of closed stores. During this period, revenue from Europe as a whole, which accounts for 45% of the group's total revenue, rose 3,3% to € 212,8 million, compared to € 205,9 million in the same period last year.

The North America region reported 4,2% revenue growth (5,3% excluding currency fluctuations) to € 19,1 million in the first three quarters of 2021, comparing to € 18,3 million in the same period in 2020.

The company reported a decline in sales in the Asia-Pacific region, caused by a reorganization carried out in Japan, which led to the closure of the branch and the transfer of business to a distributor from 2022. In China, sales rose 6,9%, and in Eastern Europe, sales rose 23%.

Footwear sales accounted for 91,4% of the Group's consolidated revenues in the first nine months of fiscal 2021, amounting to € 423,7 million, representing an increase of 9,9% (10,9% excluding currency fluctuations) over the same year period 2020.

Apparel sales in the reporting period decreased by 10,1% year-on-year (8,5% excluding currency fluctuations) to 39,8 million euros.

In the first nine months of 2021, Geox's consolidated revenue increased by 7,8% (8,9% excluding currency fluctuations) compared to the same ...
3.3
5
1
1
Rating
Euro Shoes Exhibition

Latest News

CCC reports record revenue in the third quarter of 2021

The Polish CCC group, a footwear manufacturer and retailer, reports record revenue of 452,6 million euros (2,1 billion PLN) in the third quarter of 2021. The share of internet sales in the group's revenue amounted to ...
05.12.2021 97

Giuseppe Zanotti presented the current models of women's shoes for the winter

Comfort and warmth combined with elegance - these shoes are presented in the current collection of the Italian luxury brand Giuseppe Zanotti.
02.12.2021 271

Wildberries entered the Turkish market

The Russian online retailer Wildberries launched sales in Turkey, expanding its geography of presence to 18 countries. Wildberries presented to new customers about 5,6 million items of goods from 163 thousand international brands. The assortment includes clothes and ...
02.12.2021 240

M&G Italia will place a test batch of shoe blanks at factories in Dagestan

The Italian footwear manufacturer M&G Italia and the Ministry of Industry and Trade of Dagestan have agreed to place a test batch for the production of blanks for Italian footwear at factories in the Republic of Dagestan, TASS writes with reference to the press service ...
02.12.2021 306

Detsky Mir places 1,5 million orders on Black Friday

Black Friday was held in the Detsky Mir online store from November 22 to 28. It was also possible to place an order through the retail mobile application. As a result of the action, more than 1,5 million orders were issued for a total of 3 billion ...
02.12.2021 208
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning