×
6 011
Fashion Jobs
STELLA MCCARTNEY
CRM Manager
Permanent · LONDON
URBN
Anthropologie Service And Selling Manager - Guildford, UK
Permanent · GUILDFORD
URBN
Urban Outfitters Stockroom Receiver - Oxford, UK
Permanent · OXFORD
MULBERRY
Solutions Architect
Permanent · LONDON
CALZEDONIA GROUP
E-Commerce Logistics Coordinator
Permanent ·
NEXT
Delivery Coordinator - mk 1 Milton Keynes
Permanent · MILTON KEYNES
ADIDAS
Flagship Specialist - Operations (18hrs), Adidasldn, Oxford Street, London
Permanent · LONDON
BOOHOO GROUP
Technical Delivery Manager
Permanent · MANCHESTER
PRIMARK
Wms Project Manager
Permanent · ISLIP
TJX EUROPE
tk Maxx Loss Prevention Officer Full Time Staines
Permanent · Staines-upon-Thames
STELLA MCCARTNEY
Global Marketing Director
Permanent · LONDON
GAME
Ecommerce Merchandiser
Permanent · BASINGSTOKE
SPORTS DIRECT
Retail Front of House Operations Supervisor
Permanent · WEMBLEY
PATAGONIA
Dealer Service Operations Specialist (F/M/D)
Permanent · MANCHESTER
PRETTYLITTLETHING
Senior Product Owner
Permanent · MANCHESTER
PRIMARK
Stockroom Retail Assistant
Permanent · WATFORD
PRIMARK
Wms Project Manager
Permanent · ISLIP
PRIMARK
Engineering Manager, Digital
Permanent · READING
ESTÉE LAUDER
Clinique - Consultant - Marks & Spencer - 8 Hours
Permanent · Glasgow
ESTÉE LAUDER
Clinique - Consultant - Boots - 18,5hrs
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Browns - 10hrs
Permanent · Beverley
ESTÉE LAUDER
Clinique - Consultant - Boots - 18hrs
Permanent · Glasgow
Ads
Published
Mar 7, 2017
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Geox sales rise 3% in 2016

Published
Mar 7, 2017

Italian footwear specialist Geox has recorded a revenue of 900.8 million euros, or growth of 3% compared to 2015. Net profit fell from 10 to 2 million euros. Its EBITDA has similarly dropped, standing at 47.5 million euros in 2016, compared to 61.8 million the previous year.



Geox - Geox


Sales have been pushed high by the brand’s wholesale network, a segment that has seen growth of 11.7% on the global scale, as well as the brand’s online business which has soared by over 30%. The footwear segment represents 91% of the company’s revenue, at 815.5 million euros (+3.9% year-on-year) while apparel has slipped by 4.6% (85.2 million euros).

European sales comprised 44% of its total turnover of 396.6 million in 2016 (+5.6%).

“Russia and Eastern European countries have been the countries to most significantly contribute to the upturn, while Austria, Switzerland and the UK have also been very satisfactory with double-digit growth,” commented Mario Moretti Polegato, president and founder of ‘the breathable shoe’ company which achieves 30% of its sales in its domestic market. In North America, sales have plunged by 60 million euros, a drop of 3.4%.

The Italian company is redefining the network, opening stores in new markets and streamlining its business in existing markets. As such, it opened 104 stores in 2016, simultaneously leaving behind 104 boutiques. 21 points of sale have been closed in Italy, 15 in other European countries, and 64 elsewhere in the world. Geox, which has 1161 monobranded points of sale, has recently changed General Manager: Gregorio Borgo (ex-Pirelli) has taken over from Giorgio Presca, who left with severance pay of 4.35 million euros.
 

Copyright © 2023 FashionNetwork.com All rights reserved.