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Geox eyes expansion to open up to 140 stores next year

27
Dec '05
Geox SpA, the expansive Italian footwear maker, has announced its plans to continue retail expansion to open up to 140 stores mainly abroad next year.

The Montebelluna-based company looks to open between 100 and 140 stores next year, bringing the total number of stores to almost 500.

The company operates 343 stores at the end of September stated it would focus new openings on France, Spain and Germany. It already has more than 200 stores at home; only 40 new stores will open next year.

The company announced it expected sales to rise by 32 percent to €450 million current year. In the first half of next year alone, sales are predicted to rise 30 percent on the base of strong spring/summer 2006 order book.

The company already sold approximately 12 million pairs of shoes at the end of the year, and also expects growth to be driven by its clothing ranges.


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