>>
Home / Knowledge / News / Fashion / Apparel sales rise at Geox

Apparel sales rise at Geox

08
Apr '08
The Shareholders' meeting of Geox S.p.A., the Italian company leader in the classic and casual footwear market listed on the Milan Stock Exchange, approved the financial results for year ending December 31, 2007. Shareholders' meeting has also been presented the consolidated financial results.

Mario Moretti Polegato, Chairman and founder of Geox commented: "The results achieved by the Geox Group in 2007 are further confirmation of the strong potential of our brand, the success of our patent and the solidity of our business model. With 2007 we close three years of rapid expansion of the Group, both on the domestic market and, above all, on the European market, a phase that began when the Group was listed on the Milan Stock Exchange in December 2004.

Today Geox is ready to face a new round of expansion, which will lead to a consolidation of our leadership in Europe as well as considerable international growth; this is an objective that we intend to pursue above all by enlarging the network of Geox Shops, which should reach a total of more than 1,500 in 2010”.

THE GROUP'S ECONOMIC PERFORMANCE:
Sales:
Consolidated sales increased 26% (27% at constant exchange rates) to Euro 770.2 million. Footwear sales represented 93% of consolidated sales, amounting to Euro 715.8 million, with a 25% increase compared to 2006. Apparel sales accounted for 7% of consolidated sales equal to Euro 51.8 million, showing a 53% increase.

Italy remains the Group's main market accounting for 38% of sales (43% in 2006) equal to Euro 294.5 million, a 11% increase. Europe (excluding Italy) generated 44% of sales (43% in 2006) amounting to Euro 342.3 million, a 30% increase. The USA reported an increase in sales of 28% (40% at constant exchange rates) and the Other countries reported an increase in sales of 70% (74% at constant exchange rates).


Must ReadView All

Pic: Shutterstock

Textiles | On 20th Jan 2022

Chinese central bank cuts rates on medium-term loans, reverse repos

The People's Bank of China recently cut interest rates of its...

Pic: Shutterstock

Retail | On 20th Jan 2022

Clothing retail sales in US grew 33.1% during holiday season: NRF

Retail sales during 2021’s November-December holiday season grew 14.1 ...

Pic: Shutterstock

Textiles | On 20th Jan 2022

ILO downgrades labour market recovery forecast for 2022

Geneva-based International Labour Organisation (ILO) has downgraded...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

G Tumbarello,

G Tumbarello

Lilly + Sid is an award-winning organic children's clothing company from...

Alberto Gotti,

Alberto Gotti

Danitech was born from the will of a group of technicians to offer the...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Payal Singhal, Label - Payal Singhal

Payal Singhal
Label - Payal Singhal

Leading South Asian fashion designer, <b>Payal Singhal </b>known for her...

Sujata & Taniya Biswas, Suta

Sujata & Taniya Biswas
Suta

Founded by <b>Sujata and Taniya Biswas</b>, Suta is a humble brand which...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Lululemon Athletica Inc
Eastman Chemical Company
Lisa S.P.A.
Truetzschler India Private Limited
Green Fibre
Gokaldas Exports Limited
THE BOMBAY DYEING ;& MFG.CO. LTD
Abit
Seasalt Limited
Boardriders Asia Sourcing Limited
Midas Clothing Limited
Chico’ FAS
Lifestyle
International Textile Manufacturers Federation
Etam Group Strategy Hong Kong Limited
Under Armour Global Sourcing Ltd
Decathlon
Gloria Jeans
H;&M Hennes ;& Mauritz (Far East) Ltd
Groz-Beckert East Asia LLP
NITI Aayog
BIMBA ;& LOLA SL
Helly Hansen Far East Ltd
Walmart
John Varvatos
Recron Polyester from Reliance Industries Limited
Landmark Group
BIANCA
SHAHI Exports Pvt Ltd
Sportmaster Ltd.
T.T. Limited
Babyshop
MAS Active / MAS Kreeda / MAS Bodyline
Arvind Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Page Industries Limited (Bangalore)
Rosset ;& Cia Limited
Splash
Maceton Limited
C;&A Sourcing International Ltd
Tchibo GmbH
IDH – The Sustainable Trade Initiative
OVS Hong Kong Sourcing Ltd.
Guess Europe Sagl,
Aquarelle Clothing Limited
Tory Burch Hong Kong Ltd
Aramark Uniform ;& Career Apparel, LLC
G-Star Raw C.V.
Grasim Industries Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Huntsman (Singapore) Pte Ltd
Hela Clothing Pvt Ltd
Amazon China
Cat Tuong Real Estate Group Joint Stock Company
The Top Form Brassiere Manufacturing Company Limited
Lenzing Aktiengesellschaft
KIABI
Gap International Sourcing Limited
Hirdaramani International Export Private Limited
SYNERGIES HONG KONG LIMITED
Rayonese Textile Inc., Division de Culp Inc.
Vardhman Textile Ltd
Tommy Hilfiger
The LYCRA Company Singapore  Pte. Ltd
Lacoste (Wanchai)
Asos
Varner AS Retail
J ;& P Coats
Phong Phu international JSC (PPJ)
Chori Company Limited
KAS Direct Sourcing
Alix Partners
Sportswear Company Spa
Puma
Benetton Group
Gatsby Africa
TESCO INTERNATIONAL SOURCING LIMITED
Sainsbury's Argos Asia Limited
Bluestem Global Sourcing Limited
Restoque S.A.
PVH Corporation
Sateri (Jiujiang) Fiber Co.,Ltd
Desigual - ABASIC, S.A.
Brandix Lanka Limited
Alison Hayes Romania
Target Corporation (MN)
LC Waikiki
Reiter India Private Limited
Vianney Textil Hogar S.A. De C.V.

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search