×
254
Fashion Jobs
THINK FIRST DIGITAL
Hiring For Event Production Manager - Mumbai
Permanent · Mumbai
LUPIN
Opportunity For Area Manager - Mass Marketing - Lupin Ltd
Permanent · Pune
SOBHA
Manager - Sales at Sobha Nesara, Kothrud - Pune
Permanent · Pune
MIDAS HYGIENE INDUSTRIES PRIVATE LIMITED
Area Sales Manager - Punjab
Permanent · Jalandhar
PETPOOJA
Area Sales Manager || Software Sales (Pos) || Petpooja
Permanent · Navi Mumbai
FLEETX
Assistant Area Sales Manager/ Area Sales Manager
Permanent · Haldia
FLEETX
Area Sales Manager
Permanent · Tirunelveli
MINIVEL SERVICES
Area Sales Manager - Insurance Company
Permanent · Bengaluru
POLYCAB
Area Sales Manager
Permanent · Chennai
ACME SERVICES PRIVATE LIMITED
Purchase Manager For a Leading Textile Brand
Permanent · Mumbai
SBFC FINANCE
Area Sales Manager And Sales Manager- Loan Against Property
Permanent · Ahmedabad
BUSY INFOTECH
Area Sales Manager - Amritsar / Ambala / Shimla
Permanent · Ambala
GRAND CHEMICAL WORKS
Area Sales Manager- Lucknow (gt Fmcg)
Permanent · Lucknow
GRAND CHEMICAL WORKS
Area Sales Manager - Jaipur (gt)
Permanent · Kota
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
SURYA FOOD AGRO LTD
Production Manager
Permanent · Greater Noida
SHYAM STEEL INDUSTRIES
Require Area Sales Manager For Different Locations at Bihar
Permanent · Madhepura
PINKODE REALTY LLP
Hiring For Asm/Sales Managers
Permanent · Mumbai
FRQ BRO
Area Sales Manager - Oppo
Permanent · Pudukkottai
FLEETX
Area Sales Manager
Permanent · Tirunelveli
TEACHMINT
Area Business Manager
Permanent · Hubballi
Translated by
Nicola Mira
Published
May 12, 2017
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Geox revenue grows in first quarter 2017

Translated by
Nicola Mira
Published
May 12, 2017

Italian footwear manufacturer Geox has closed the first quarter 2017 with a 1.2% increase in sales, reaching €297.9 million. "I'm satisfied by our group's first quarter results. Revenue grew thanks to the positive performance of the wholesale channel, where sales increased by 6.3%. Overall, our growth was driven by strong results in Russia, Eastern Europe and China, as well as by a boom in online sales, which increased by more than 30%," said Mario Moretti Polegato, the group's President and founder.
 

Geox shoes - Geox


Shoe sales, which accounted for 90% of consolidated revenue, remained stable at +0.8% compared to 2016, reaching €267.4 million. As for ready-to-wear apparel, which for the time being accounts for only 10% of consolidated revenue, its sales grew by 4.5%, up to €30.5 million.

Market-wise, Italy remains Geox's leading country, with a 33.5% share of sales and a revenue on par with 2016. The rest of Europe generated 42.3% of sales, down 1.9%, North America generated 4.9% of sales, down 7.8%, and the rest of the world accounted for 19.3% of sales, up 14.2% thanks to strong results across all markets, except for Hong Kong.

As for the distribution channels, wholesale accounted for 53.2% of sales (+6.3%), and retail for 46.8% of the total (-4%, with 18.8% of sales coming from franchised stores and 28.8% from directly owned ones). According to Mario Moretti Polegato, "these results are proof of the power and effectiveness of our strategic decisions, focused on solid, profitable growth. I am confident we will produce a positive performance this year, generating a level of profits consistent with our objectives."

Copyright © 2022 FashionNetwork.com All rights reserved.