Tod's HK Online Shop

belstaff uk News

Saturday 16 July, 2016

Tods group affected by the luxury industry downturn in the impac

by Administrator | post a comment

Group Tod's recently released the first nine months of earnings, its sales amounted to 7.87 euros (about $8.44), less than the previous Reuters Thomson analysts on average expected 7.89 billion euros (about $8.46). As of September 30, 2015, Tod's group's big Chinese market revenue plunged 14%.
Tod's group and other luxury brands peers suffer the negative impact of the decline in Chinese consumer spending. According to the relevant financial results, its sales rose 6.2%, excluding the impact of the currency, only an increase of 0.6%. Sales rose 8% in the first half, according to the constant exchange rate increased by only 2%.
Tod's group's with name brand TOD's, hogan, Fay and Roger Vivier, brand, divided by the brand, the best is still Roger Vivier, sales increased by 20.1% to 1.121 billion euros (about 1.2555 billion U. S. dollars) and by the constant exchange rates rose 8.9%. Group's internal second brands Hogan total revenue rose 3.1% to 1.768 euros (about $1.9802), according to the constant exchange rate is slightly up 1.8%. Compared to the same period last year, Fay sales fell by 1.1%, while the same exchange rate fell by 1.2%.
Among them, Vivier Roger and Hogan are in the group's internal markets are all recorded positive performance of the brand, including the market has been negative performance, drag a large number of luxury brands in china. Shoe brand Roger Vivier contrarian expansion in September this year in Hong Kong opened the shop, the shop is located in Hong Kong, the most expensive commercial area, Causeway Bay, store covers an area of more than 2260 square feet, the full range of sales of Roger Vivier brand accessories, shoes, bags and fur.
The full acquisition of French brand Roger Vivier is an important program of the TOD's, it from the beginning of 2011 have the production and distribution of the brand franchise, brand use fee of about 12% of the wholesale sales, the concession will be in 2016 due. Macellari Emilio, chief financial officer of the group, said: "Vivier Roger is the group's most profitable brand, and we are currently evaluating the possibility of acquiring it because it will have a big benefit to the group's interests. Negotiations on the acquisition will begin in January 2015." Industry analysis pointed out that if the group can not continue to use the Vivier Roger, it will lose a large part of the business profits.
Vivier Roger brand owners are not someone else, it is Tod 's founder of the Valle Della family of Private Companies, Tod' s group CEO is currently one of the two brothers Della Valle Diego.
By region, in the same exchange rate conditions, the first nine months of Greater China sales fell by 14%, which accounted for 50% of total sales. The group said that although the performance of the mainland's positive performance, but continued weak market performance in Hongkong makes the company still under pressure. As the main battlefield of the Tod's group in Italy during this period rose 1.9%, which is the largest market of the group.
The group's same store sales fell 6.1% in the 45 weeks ended November 8th, with the same store sales, mainly due to weak sales in September and August. By the end of August 2nd, same store sales fell 5.6%.
Tod's has been to gommino loafers known. But after the economic slowdown in China, the luxury goods industry has suffered a more severe blow, Chinese tourists has been transferred to the foreign shopping and a small part of consumer spending in the United States. Tod's group, said stronger volatility subsided after the same store sales trends in the past few weeks showed positive. The nine months before the interest rate tax depreciation amortization profit EBITDA 1.6 euros, generally consistent with earlier expectations, and rose 2.4% over the same period last year. By the end of September in the global Tod's Group operates 255 stores and 95 franchised stores, a net increase of 25 year-on-year and 4.





News for Tuesday 31 May, 2016




Recent News




News archive

News
Your IP Address is: 54.196.101.118
Copyright@2009-2017 Tod's. Powered by tods shoes, news.
. Global Supplier tod's hktods bagTods Singapore