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Luxury goods tods outlet industry profits plunged spared Tods first half net profit tods uk fell 26%
Affected by difficult market environment in China, Italy and the continuous optimization of the retail network of stores two important United States temporarily closed, the luxury goods group Tod's Group SpA recorded a fiscal first-half net tods outlet profit fell 26 percent to 5.61 million euros, or about $ 7,690,000.
Affected by tods uk difficult market environment in China, Italy and the two continue to optimize the retail network of stores in the United States temporarily closed between important and luxury (thematic reading) half tods outlet of the fiscal year on the Tod's Group tods uk SpA Group recorded a net profit fell 26 percent to 5.61 million euros, or about $ 7.69 million. Group's core brand Tod's proprietary channels and wholesale channels in both suffered heavy losses. In the past six months, tods online the total tods uk turnover declined by 2.7%, to 477 million euros, or about $ 654 million, at constant tods outlet exchange rates to 488 million euros, or about $ 669 million.
And peer tods uk competitor LVMH Group, the open cloud Group (Kering) and Richemont (Compagnie Financière Richemont), like, Tod's luxury goods market also suffered a cruel blow, mainly due to the Chinese government's anti-corruption rectification actions and exchange rate adverse fluctuations. The same period, EBIT accounted for 21.6% of sales, recorded a 103 million euros, or about $ 141 million, tods outlet a drop of 21%. LADYMAX Fashion Network previously reported,tods online LVMH Group reported first-half profit fell 4.3 percent, while the open cloud Group's net profit also recorded a 4.7% decline.
However, Tod's CEO Diego Della Valle, chairman and chief still remain optimistic about the prospects, and explain the Group has been tods outlet considering the development of mid-limited, he believes that in tods uk the tods outlet near future, the medium-term development plan will achieve results.
Since Tod's exclusive and tods online unique positioning in order to protect the company from 2012 onwards to optimize its distribution network in Italy, so the performance of the region has been in the hind legs dragging the Group's total score. Such a tods outlet strategy particularly severe blow Group's dependence Italy Hogan and Fay brands. Half of the fiscal year, the performance of Tod's Group SpA tods uk in Italy fell 7.8%, tods online revenue has shrunk to 148 million euros, which is $ 203 million and accounted for 30% of total sales.
From the tods outlet geographical division, the Americas, mainly because of the cost of store tods uk refurbishment costing big first half sales fell by 2.7%; revenue in Greater China also fell 7.6 percent, to 117 million euros, or about $ 161 million,tods online but Macellari optimistic about Greater China, said the fall market. Other than the above performance gone up 16% in other regions, especially good performance in South Korea, Singapore, Japan and the Middle East.
By brand look, Tod's is still the main source of tods outlet the Group's results, accounting for 60%, although the brand fell by 2 percentage points in the current exchange rate performance, recorded a 290 million euros, or about $ 397 million. Under the same exchange rate, the brand's sales edged up 0.8 percentage points. Hogan and Fay's performance fell respectively by 6.1% and 4.9%, only 104.5 million euros ($ 143.2 million) and 22.8 million euros ($ 31.2 million). Roger Vivier revenue was up 1.4% (5% at constant exchange rates), recorded a revenue of 59.8 million euros,tods online or about $ 81.9 million.
From the large category, footwear series tods uk continue to maintain the core of tods online the Group's sales amounted to 373 million euros (about 512 million U.S. dollars), the performance under the current exchange rate fell by 2.5% (0.4% at constant exchange rates). Subject to the impact of reduced tods outlet demand for Greater China, leather products sales fell 2.8% (at constant exchange rates 0.7 percent regarded gain).
Tod's poor tods uk performance tods outlet is for all to see. Brand continued to affect distribution channels in Italy by the reforms and exchange rate fluctuations, Tod's SpA first fiscal quarter operating tods online profit recorded a decline of 13.3 percent, only 46.3 million euros, or about $ 63.4 million, tods ukcompared with operating profit of 53.4 million euros, or $ 70.5 million.