Geox loss of 3.64 million euros
14.08.2013 6328

Geox loss of 3.64 million euros

Italian footwear brand Geox recorded a net loss of EUR 3.64 million in the second quarter against a profit of EUR 18.9 million in the first semester of 2013.

“This result is due to the difficult economic situation that has gripped the countries of Mediterranean Europe,” a company spokesman comments on the situation.

In Italy, in the main Geox market, the company's total sales turnover fell by 21.8% to 122.5 million euros, while in Europe sales fell by 5.7% to 172.7 million euros.

To counter these difficulties, the Italian group announced its plans to reorganize and rationalize the business in 2014-2016. Geox decided to strengthen its presence primarily in the strategic markets of the company, in China, Hong Kong and Russia.

As of late June 2013, Geox owns 1 boutiques. In the first six months of this year, the Italian brand opened 219 new points of sale in cities such as Beijing, Shanghai, Hong Kong and Singapore, while closing 66 stores.

The Italian shoe brand Geox posted a net loss of € 3.64 million in the second quarter against a profit of € 18.9 million in the first semester of 2013 ...

Latest News

Tamaris presented a new spring-summer collection of the NEWD premium line.

Elegant luxury – that’s what this line of the German brand can be called. The new collection includes premium models that will perfectly complete any look and become a spectacular addition…
21.05.2024 164

Sport Casual Moscow will present collections of sports and hiking shoes, clothing and equipment

The summer exhibition and presentation of Sport Casual Moscow will be held in Moscow, at the Izmailovo Alfa Hotel on June 3-5, 2024 with the support of the Ministry of Industry and Trade of Russia and the Russian Outdoor Group (Russian Outdoor…
21.05.2024 195

Jimmy Choo selects Princess Gauravi Kumari as its brand ambassador for India

Jimmy Choo is strengthening its position in India, the luxury footwear and accessories brand has attracted an Indian princess to its advertising campaign. Jaipur royal family member Princess Gauravi Kumari has been appointed Jimmy Choo India brand ambassador, writes...
21.05.2024 262

France sees a stronger leather trade surplus in 2023.

France sees leather exports grow by 6% in 2023 to reach €1 billion, while imports remain stable at €14 billion. A trade surplus of €5 billion was possible in...
21.05.2024 219

Ronnie Fieg turned Clarks loafers into sandals

The ongoing collaboration between Clarks and Kith sees the British moccasin brand launch two new sandal styles for spring/summer 2024. The new Ridgevale and Brixham silhouettes are available in four colourways...
20.05.2024 463
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning