Italian Luxury Leather Tod’s Goods Hogan Shoes,

The excellent results today, the strong Tods Shoes growth of revenues and,tods handbags, even more, of profitability confirm the effectiveness of the Group’s strategy. Furthermore,TODS, the outstanding start of the sales of our winter collections now in the stores, as well as the positive signals of the next spring summer order collection make me fully confident of the full year results,?said chairman and CEO of the Group, Diego Della Valle.
 
Although Italian luxury leather goods house Tod’s posted a 21.8 percent rise in first-half revenue, the results reveal a flagging sales growth rate in the second quarter. Sales rose to €236.8 million from €194.5 million last year in the first six months ended 30 June. However, despite strong sales, sales tods footwear slowed in the second quarter. The first quarter saw sales increase 33 percent, while calculations for the second quarter revealed a growth of only 8.4 percent. Tod’s will release its first-half profits on 26 September.
 
We knew that we could have seen higher volatility in (second-quarter) sales owing to a change in timing in deliveries versus last year, which we believe most affectyed Fay and Hogan as they are more dependent on wholesale sales,tods outlet,?said Dossin. Retail sales in the company’s directly operated stores rose 17.1 percent to €107.1 million. Tod’s said most of the growth was organic. At the end of the period, Tod’s had 105 directly operated sotres, an increase of only three sales points compared with the same period the Tod’s shoes online year before. The company said that wholesale sales had risen 27.1 percent to €115.4 million.
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