Tod’s leather goods sales down 9.4%

Published:  27 January, 2017

Sales of leather goods and accessories for the Tod’s brand declined 9.4% in 2016 to €142.5 million compared with fiscal 2015. However, an improvement was recorded in the fourth quarter.

Consolidated sales for the Italy based footwear and leather goods Group, which owns the Tod’s, Fay, Hogan and Roger Vivier brands, were just over €1 billion in fiscal 2016, down 3.2% from fiscal 2015. Overall sales totalled €246.3 million in the fourth quarter of 2016, down 1.5% from the same quarter in 2015, this “implies a significant improvement compared to the first nine months of the year, and confirms the success obtained by the Autumn/Winter collections, thanks to their focus on iconic and evergreen products”, said the Group in a statement.

Sales for the Tod’s brand totalled €559 million in 2016, representing a 6.7% decrease compared with the previous year, attributed to “the sharp decline of traffic in the stores, in particular of tourists”. Revenues for Hogan were €214.2 million in the year, down 3.2%, mainly due to a lower performance in home market Italy, according to the Group.

Positive sales results were given by the Fay and Roger Vivier brands, whose revenues increased 5.3% and 6.6%, respectively, to €62.6 million and €166.3 million in fiscal 2016.