MILAN — A spike in the footwear and leather goods categories and gains across all geographic markets, led by Asia, lifted Tod’s SpA’s revenues and profitability in the first quarter ended March 31. Sales at the Italian luxury house rose 17.1 percent to 243.7 million euros, or $341.2 million, compared with the same period the previous year. The firm, which controls the Tod’s, Hogan, Fay and Roger Vivier brands, said earnings before interest, taxes, depreciation and amortization climbed 33.6 percent to 65.1 million euros, or $91.1 million, and earnings before interest and taxes surged 36.2 percent to 55.9 million euros, or $78.2 million.
“I’m really satisfied with the outstanding Q1 results: sound sales growth, for all the brands, in all the product categories and across all the geographical areas, outstanding organic growth, huge improvement of operating profitability,” said chairman and chief executive officer Diego Della Valle. “Considering the same good results of the orders’ collection for the next fall-winter season, I believe that our group will deliver strong results also in the current year, confirming its huge growth potential, based on the high quality of products and the exclusivity of our brands, more and more appreciated by customers.”
The core Tod’s brand kicked off the year with 19.3 percent growth, totaling sales of 121.2 million euros, or $169.7 million, in the first quarter. Hogan gained 14.5 percent to 91.8 million euros, or $128.5 million, and Fay 9.5 percent to 23.9 million euros, or $33.4 million, mainly driven by the Italian market. Roger Vivier, which is still in a start-up phase, climbed 54.7 percent to 6.6 million euros, or $9.2 million. Dollar figures are converted at average exchange rates for the periods to which they refer.
Footwear continues to be the group’s driving force, and this category in the period posted a 16.2 percent increase, reaching sales of 181 million euros, or $253.2 million. Tod’s-branded handbags and accessories helped boost the group’s leather goods division, which grew 21.6 percent, reaching revenues of 34.6 million euros, or $48.4 million. Apparel sales rose 17.8 percent to 28 million euros, or $39.2 million.
Revenues gained in all markets around the world. Italy, the group’s main region, grew 15.5 percent, with sales of 140.5 million euros, or $196.7 million, and the rest of Europe gained 13.5 percent. While reducing the number of its independent clients, the U.S. market grew 5.3 percent to 12.2 million euros, or $17 million.
Revenues for the rest of the world area grew 32.9 percent, totaling 41.1 million euros, or $57.5 million. The company said it saw “excellent results” in Mainland China, Hong Kong and Macau. It also stated that “Japan is recovering vigorously and with tenacity,” following the earthquake, tsunami and nuclear crisis that hit the country in March.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews