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Geox S.p.A. BOD approves financial results for Q1 2007

15 May '07

3 min read

By distribution channel, “Geox Shop” record a significant growth, up 53% compared to the same period of 2006. At the end of the first quarter of 2007, this channel represented 20% of sales. Sales in the Geox DOS opened by at least 12 months (comparable store sales) increased by 15% (17% at the end of April).

Multibrand shops still represent the Group's main distribution channel, accounting for 80% of sales as compared to 84% of the same period of 2006, with a 24% growth. In Italy the multibrand channel generated 71% of sales, for a total of Euro 79.6 million, with a 10% increase.

The Geox Shop channel (franchising and DOS) represents the remaining 29% of domestic sales for a total of Euro 32.1 million, with a 31% increase. On the international markets, the multibrand channel represents 85% of sales for a total of Euro 173.9 million, up 31%. The Geox Shop channel recorded sales of Euro 29.7, million with a 87% increase.

As of March 31, 2007 the overall number of Geox Shop was 564 (449 of which in franchising and 115 DOS). During the first quarter 47 new Geox Shops have been opened, of which 2 in Italy, 24 in Europe and 1 in the US. The new openings include, among the others, shops in: Rome, Paris, Los Angeles, Tokyo, Montreal, Toronto, Vancouver.

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Geox S.p.A

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