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Tod’s Sales Travel Steadily Skyward

MILAN - Tod’s SpA’s first half sales grew by double digits on growing momentum for its bags, shoes and apparel in all markets. <BR><BR>Revenue for the six months ended June 30 rose 15.4 percent to 273.3 million euros, or $336.16 million....

MILAN – Tod’s SpA’s first half sales grew by double digits on growing momentum for its bags, shoes and apparel in all markets.

Revenue for the six months ended June 30 rose 15.4 percent to 273.3 million euros, or $336.16 million. Tod’s said that same store sales rose 7.3 percent. The company will release first half profit figures Sept. 12.

Tod’s chairman and ceo Diego Della Valle said that the company’s backlog of fall/winter orders makes him optimistic going forward.

“I’m really confident on the group’s ability to achieve its targets in the current year and to continue to increase significantly its revenues and profitability…in the coming years,” Della Valle said in a statement.

Specifically, sales at the mainstay Tod’s brand rose 15.1 percent to 164.2 million euros, or $201.97 million. Revenue at Hogan climbed 23.9 percent to 75.4 million euros, or $92.74 million. Clothing brand Fay registered a sales increase of 7.7 percent to 29.5 million euros, or $36.29 million.

For the first time, the company broke out sales for footwear brand Roger Vivier. Sales in the first half rose 72.2 percent to 2.7 million euros, or $3.32 million.


For complete coverage, see Monday’s issue of WWD.