THE RETAIL BULLETIN - The home of retail news
20 years serving the retail industry
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
Omnichannel Retail 2022
Retail HR 2022
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Tod’s sees jump in first half sales

Luxury brand Tod’s has seen a jump in sales in the first half of its financial year after it experienced strong revenue growth in China. In… View Article

FASHION

Tod’s sees jump in first half sales

Luxury brand Tod’s has seen a jump in sales in the first half of its financial year after it experienced strong revenue growth in China.

In the six months to 30 June, sales came in at €398.4 million compared to €256.9 million in the prior year.

Tod’s said it had been very satisfied with the level of trading in areas where its stores had been regularly open and that online sales had been  boosted by previous investments made in its digital division.

Looking at each of the group’s brands, sales at Roger Vivier surged by 83.6% while Hogan and Fay saw their revenues increase by 38% and 35% respectively. Meanwhile, Tod’s achieved an uplift of 50.9%.

During the period, the group’s net loss reduced to €20.7 million compared to a loss of €80.6 million in the first half of 2020.

Diego Della Valle, chairman and chief executive of Tod’s, said: “The second quarter of the year confirmed an acceleration of the group’s performance, especially in the areas of the world where the stores are working at full capacity. Very strong growth in China, while the areas penalised by the absence of tourists are still weak.”

Tod’s also revealed that its new autumn/winter collections have sold well since their arrival in-store.

Della Valle added: “I believe that the increase in volumes and the quality of revenues, together with the careful control of overhead costs, will
allow us to achieve a gradual improvement in margins.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News