Italian luxurious items producer Tod’s Q1 ’21 gross sales up 17% to €179 mn

Tod’s SpA, an Italian producer of luxurious footwear and different leather-based items, has posted 17 per cent gross sales rise to €178.7 million in its first quarter (Q1) FY21 ended on March 31, 2021, in comparison with the gross sales of €152.8 million within the corresponding interval of prior fiscal. The corporate’s retail gross sales grew 26.8 per cent to €117.3 million (Q1 FY20: €92.5 million).

 

“The figures of the quarter replicate the totally different influence of the pandemic. We’ve registered triple-digit progress in China; the outcomes of the Roger Vivier model stand out. The e-commerce channel was additionally very robust, with a formidable progress, even increased than our expectations,” Diego Della Valle, chairman and CEO of Tod’s Group, stated in a press launch.

 

“We recorded wonderful ends in these areas of the world the place we had been in a position to maintain the shops open, whereas the outcomes had been weaker within the nations of the western world, penalised by the lengthy intervals of closure of the outlets,” Valle added.

 

Gross sales of Tod’s model for Q1 FY21 grew 5.5 per cent to €76.7 million (€72.7 million), whereas gross sales of Roger Vivier jumped 59.0 per cent to €48.6 million (€30.5 million). Hogan model’s gross sales rose 11.5 per cent to €44.3 million (€39.8 million), nonetheless Fay model’s gross sales had been down 6.9 per cent to €9.0 million (€9.7 million).

 

“We’re very pleased with the efficiency of the Tod’s model and the superb buyer suggestions on the brand new collections, which more and more mix the DNA of expertise and Italian Life-style with creativity and innovation. Roger Vivier maintains his originality, with unique and extremely fascinating merchandise, with huge potential for progress all around the world. The Hogan collections are very interesting and the Fay merchandise are very enticing and aspirational,” Valle stated within the launch.

 

Tod’s gross sales in footwear class grew 19.8 to €148.1 million (€123.6 million). Furthermore, leather-based items merchandise and equipment gross sales had been up 8.8 per cent to €19.5 million (€17.9 million), whereas attire gross sales marginally declined 1.3 per cent to €11.0 million (€11.2 million).

 

Aside from the Larger China area, the corporate’s gross sales decreased in all of the markets throughout Q1 FY21: Italy by 6.6 per cent to €43.4 million (€46.6 million); Europe (excluding Italy) by 13.1 per cent to €37.7 million (€43.3 million); Americas by 20.4 per cent to €9.3 million (€11.7 million). Whereas, Larger China’s gross sales surged 136.7 per cent to €62.8 million (€26.5 million), and Remainder of World gross sales grew 3.4 per cent to €25.5 million (€24.7 million).

 

“As already communicated just a few days in the past, my household bought a package deal of shares to the LVMH Group, which thus introduced its stake in Tod’s to 10 per cent; this operation consolidates the friendship between myself with my household and Bernard Arnault together with his household, that’s longer than 20 years. We share the values of luxurious, high quality and merchandise attraction. This may occasionally symbolize a wonderful motive to contemplate additional alternatives to be taken collectively sooner or later,” Valle stated. “Regardless of the difficult international financial state of affairs, we face the present 12 months with enthusiasm and optimism, very satisfied of our merchandise and our methods.”

Fibre2Fashion Information Desk (JL)

Tod’s SpA, an Italian producer of luxurious footwear and different leather-based items, has posted 17 per cent gross sales rise to €178.7 million in its first quarter (Q1) FY21 ended on March 31, 2021, in comparison with the gross sales of €152.8 million within the corresponding interval of prior fiscal. The corporate’s retail gross sales grew 26.8 per cent to €117.3 million (Q1 FY20: €92.5 million).

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