×
155
Fashion Jobs
LIFESTYLE BRANDS
Area Manager-Projects Execution (Telangana &Amp; Andra Pradesh)-Hyderabad
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Financial Manager - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Training Manager, Planet Fashion - Bangalore
Permanent · BENGALURU
DA MILANO LEATHERS PRIVATE LIMITED
Assistant Manager- Payroll
Permanent · DELHI
UNIVERSAL MANAGEMENT CONSULTANTS
Head of Human Resource
Permanent · BENGALURU
UNIVERSAL MANAGEMENT CONSULTANTS
Head of Human Resource
Permanent · DELHI
KOELLE DESIGNS PRIVATE LIMITED
Assistant Manager Purchase
Permanent · JAIPUR
CAREERMARK 6
HR Manager
Permanent · HIRIYUR
LINEN DESIGN COMPANY PVT.LTD
Senior Corporate Sales Manager
Permanent · GURUGRAM
UNITED HR SOLUTIONS PVT LTD
Business Development
Permanent · AHMEDABAD
AND DESIGNS INDIA LTD.
Buyer & Planner
Permanent · NAVI MUMBAI
GREENFIELD RESOURCES PVT. LTD.
Business Development Executive
Permanent · AHMEDABAD
GENIUS CONSULTANTS LIMITED
Head of Department - Cost Accountant
Permanent · KOLKATA
LIFESTYLE BRANDS
Brand Training Manager, Peter England - Bangalore
Permanent · BENGALURU
PLACEMENT PANDITS CONSULTING
Operations Manager-Garment Industry
Permanent · GURUGRAM
LIFESTYLE BRANDS
Area Sales Manager-Patna
Permanent · BENGALURU
LIFESTYLE BRANDS
Group Manager - E-Commerce Product (B2B)
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Product, Louis Philippe
Permanent · BENGALURU
PANTALOONS HO
Senior Executive - Marketing
Permanent · PUNE
LIFESTYLE BRANDS
Manager - Trade Channel, Finance
Permanent · BENGALURU
LIFESTYLE BRANDS
Assistant Manager- Design, Casuals- pe
Permanent · BENGALURU
LIFESTYLE BRANDS
Executive -Key Accounts (Mis),lp
Permanent · BENGALURU

Geox’s H1 revenue down 3.5% but e-commerce grows 25%

Translated by
Nicola Mira
Published
today Jul 31, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Geox continues to tumble. The Italian footwear group closed the first six months of the 2019 financial year with a revenue of €399.4 million, down 3.5% compared to the previous year, having already lost 6.5% in 2018 and 1.3% in Q1 2019. EBITDA for H1 2019 was down by nearly 26%, to €18.7 million.


Geox’s revenue decreased by 3.5% in H1 2019 - geox.com

 
The group attributed this negative performance to unfavourable weather in April and May, which hampered the start of the Spring/Summer 2019 season, and to the streamlining of its franchising network, which lost 10% of stores in the last 12 months. The number of directly operated Geox stores instead rose from 436 at the end of June 2018 to 448 as of now.
 
The wholesale channel, which accounted for 46.5% of the group’s revenue, lost 2.8%, while retail sales (accounting for 44% of the total) posted a 0.8% increase. Franchised stores, due also to the reduction in numbers, lost 21.9% of revenue, falling to €37.9 million, while direct e-tail continued to boom, posting a 25% increase in the first quarter and a 26% one in the second quarter.

Geox lost ground in all its main markets: Italy, which generated 29.1% of total revenue, fell to €116.2 million (-6.5%), owing to the group’s store rationalisation policy; the rest of Europe (which accounted for 43.8% of total revenue) fell to €174,8 million (-2.8%); North America lost 8.6%, down to €22.1 million, though online sales rose by 36%.
 
In terms of product categories, footwear, the main business segment for Geox (91.2% of the total), lost 3.3%, falling to a revenue of €364.3 million. Apparel also slumped, falling 5.8% to €35.2 million, though the performance of directly operated stores was positive (+18%).

Copyright © 2020 FashionNetwork.com All rights reserved.