Sales decline for Tod’s Group in 2019

Published:  31 January, 2020
Credit: Hogan

For fiscal year 2019, consolidated sales for the Tod’s Group totalled €916.1 million, down 2.6% from 2018, while revenues amounted to €238.4 million in the fourth quarter of 2019, up 1.7% from the same quarter in the previous year.

According to the Tod’s Group, currency fluctuations gave a positive contribution, particularly to the Tod’s and Roger Vivier brands, which have the greatest presence abroad. At constant exchange rates sales would have totalled €905.7 million. In 2019, sales of the Tod’s brand amounted to €461.8 million, down 7.4% at reported rates, while that of Roger Vivier totalled €200.6 million, up 15.6% compared with 2018. Hogan sales were €196.5 million (-4.7%) in the year, with double-digit growth recorded in Greater China, despite the delicate situation in Hong Kong. Sales of the Fay brand amounted to €56.3 million, down 8.2% and mainly attributed to the weakness of the Italian market.

By product category, Group revenue from footwear amounted to €730.8 million (-1.7%) in 2019, while sales from leather goods and accessories totalled €121.7 million (-5.4%). Sales from apparel amounted to €62.7 million in the year (-6.7%).