Tod’s, down -4.3% this past quarter, while retail follows an uptrend
Tod’s: presents the new quarter statement and announces a -4.3% drop in sales revenue caused by the wholesale channel. Roger Vivier is the only brand of the group to experience growth.
During the first three months of 2019, the consolidated sales revenue of the Tod’s group amounted to 216.4 million euros, down -4.3% from the same quarter in 2018.
A downtrend characterised all the group’s brands except Roger Vivier, which rose by +16.2%, while Tod’s was down by -11%, Hogan by -3.1% and Fay by -6.4%: responsible for this trend was the negative performance of the wholesale channel both in Italy and abroad (-21.7%), while the results of retail were instead rewarding with a +9.2% increase. “The return of retail revenue growth is a positive signal – commented Diego Dalla Valle in a statement – confirming that the right strategic choices were made”. “Just as satisfactory is our e-commerce channel –he adds – which continues to grow at a double-digit rate, and we are providing it with support via the tools and manpower needed to ensure it experiences further growth while become stronger”. He then announced new investments to make the products and brands of the group more competitive and desirable, along with the opening in one month of a new store in via Montenapoleone “which will establish a new way of thinking for future stores, with the transformation of the store into a tool for communication at the service of clientele, with an omnichannel approach”.