Tod's SpA, an Italian manufacturer of luxury shoes and other leather goods, has posted 17 per cent sales rise to €178.7 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to the sales of €152.8 million in the corresponding period of prior fiscal. The company’s retail sales grew 26.8 per cent to €117.3 million (Q1 FY20: €92.5 million).
Tod's SpA, an Italian manufacturer of luxury shoes and other leather goods, has posted 17 per cent sales rise to €178.7 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to the sales of €152.8 million in the corresponding period of prior fiscal. The company's retail sales grew 26.8 per cent to €117.3 million (Q1 FY20: €92.5 million).#
“The figures of the quarter reflect the different impact of the pandemic. We have registered triple-digit growth in China; the results of the Roger Vivier brand stand out. The e-commerce channel was also very strong, with an impressive growth, even higher than our expectations,” Diego Della Valle, chairman and CEO of Tod’s Group, said in a press release.
Tod's SpA, an Italian manufacturer of luxury shoes and other leather goods, has posted 17 per cent sales rise to €178.7 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to the sales of €152.8 million in the corresponding period of prior fiscal. The company's retail sales grew 26.8 per cent to €117.3 million (Q1 FY20: €92.5 million).#
“We recorded excellent results in those areas of the world where we were able to keep the stores open, while the results were weaker in the countries of the western world, penalised by the long periods of closure of the shops,” Valle added.
Tod's SpA, an Italian manufacturer of luxury shoes and other leather goods, has posted 17 per cent sales rise to €178.7 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to the sales of €152.8 million in the corresponding period of prior fiscal. The company's retail sales grew 26.8 per cent to €117.3 million (Q1 FY20: €92.5 million).#
Sales of Tod’s brand for Q1 FY21 grew 5.5 per cent to €76.7 million (€72.7 million), while sales of Roger Vivier jumped 59.0 per cent to €48.6 million (€30.5 million). Hogan brand’s sales rose 11.5 per cent to €44.3 million (€39.8 million), however Fay brand’s sales were down 6.9 per cent to €9.0 million (€9.7 million).
Tod's SpA, an Italian manufacturer of luxury shoes and other leather goods, has posted 17 per cent sales rise to €178.7 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to the sales of €152.8 million in the corresponding period of prior fiscal. The company's retail sales grew 26.8 per cent to €117.3 million (Q1 FY20: €92.5 million).#
“We are very happy with the performance of the Tod's brand and the excellent customer feedback on the new collections, which increasingly combine the DNA of craftsmanship and Italian Lifestyle with creativity and innovation. Roger Vivier maintains his originality, with exclusive and highly desirable products, with enormous potential for growth all over the world. The Hogan collections are very appealing and the Fay products are very attractive and aspirational,” Valle said in the release.
Tod's SpA, an Italian manufacturer of luxury shoes and other leather goods, has posted 17 per cent sales rise to €178.7 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to the sales of €152.8 million in the corresponding period of prior fiscal. The company's retail sales grew 26.8 per cent to €117.3 million (Q1 FY20: €92.5 million).#
Tod’s sales in shoes category grew 19.8 to €148.1 million (€123.6 million). Moreover, leather goods products and accessories sales were up 8.8 per cent to €19.5 million (€17.9 million), while apparel sales marginally declined 1.3 per cent to €11.0 million (€11.2 million).
Tod's SpA, an Italian manufacturer of luxury shoes and other leather goods, has posted 17 per cent sales rise to €178.7 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to the sales of €152.8 million in the corresponding period of prior fiscal. The company's retail sales grew 26.8 per cent to €117.3 million (Q1 FY20: €92.5 million).#
Except for the Greater China region, the company’s sales decreased in all the markets during 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, Greater China’s sales surged 136.7 per cent to €62.8 million (€26.5 million), and Rest of World sales grew 3.4 per cent to €25.5 million (€24.7 million).
Tod's SpA, an Italian manufacturer of luxury shoes and other leather goods, has posted 17 per cent sales rise to €178.7 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to the sales of €152.8 million in the corresponding period of prior fiscal. The company's retail sales grew 26.8 per cent to €117.3 million (Q1 FY20: €92.5 million).#
“As already communicated a few days ago, my family sold a package of shares to the LVMH Group, which thus brought its stake in Tod's to 10 per cent; this operation consolidates the friendship between myself with my family and Bernard Arnault with his family, that is longer than 20 years. We share the values of luxury, quality and products appeal. This may represent an excellent reason to consider further opportunities to be taken together in the future,” Valle said. “Despite the challenging global economic scenario, we are facing the current year with enthusiasm and optimism, very convinced of our products and our strategies.”
Fibre2Fashion News Desk (JL)
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