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Sales of the Italian group Tod’s increased by 17% in the first half of the year, despite a wave due to Covid-19 in China in the second quarter.
Tod’s is doing better than before the covid.
Diego Della Valle, the founder and principal shareholder of the Tod’s accessories and apparel group (eponymous brands, Fay, Hogan and Roger Vivier) announced in a statement that “profits have returned to values above those of 2019.”
Its operating income was $17.7 million compared to a loss of $2.7 million last year.
Its revenue itself grew by 17.4% to $464.7 million (467.5 million euros) in the last six months, partly thanks to Europe and the Americas. China, on the other hand, saw a 19% loss in revenue, due to the health restrictions in place.
New customers
Diego Della Valle added that the Italian group will focus on streamlining and improving the efficiency of the distribution network and developing the omnichannel. The objective is to increase revenues and margins, reaching a wider target.
The Italian house launched a new strategy in 2017 to revamp its brands and attract a new, younger customer base. But the pandemic had disrupted its efforts. After five years of consecutive declines, however, the group’s sales rebounded for the first time last year.
But if Tod’s is once again on a virtuous path, Diego Della Valle said “pay the utmost attention to the evolution of costs related to energy, logistics and raw materials.
Read also >Vranken-Pommery: Sales up nearly 18% in the first half
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Sales of the Italian group Tod’s increased by 17% in the first half of the year, despite a wave due to Covid-19 in China in the second quarter.
Tod’s is doing better than before the covid.
Diego Della Valle, the founder and principal shareholder of the Tod’s accessories and apparel group (eponymous brands, Fay, Hogan and Roger Vivier) announced in a statement that “profits have returned to values above those of 2019.”
Its operating income was $17.7 million compared to a loss of $2.7 million last year.
Its revenue itself grew by 17.4% to $464.7 million (467.5 million euros) in the last six months, partly thanks to Europe and the Americas. China, on the other hand, saw a 19% loss in revenue, due to the health restrictions in place.
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Sales of the Italian group Tod’s increased by 17% in the first half of the year, despite a wave due to Covid-19 in China in the second quarter.
Tod’s is doing better than before the covid.
Diego Della Valle, the founder and principal shareholder of the Tod’s accessories and apparel group (eponymous brands, Fay, Hogan and Roger Vivier) announced in a statement that “profits have returned to values above those of 2019.”
Its operating income was $17.7 million compared to a loss of $2.7 million last year.
Its revenue itself grew by 17.4% to $464.7 million (467.5 million euros) in the last six months, partly thanks to Europe and the Americas. China, on the other hand, saw a 19% loss in revenue, due to the health restrictions in place.
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