Tod’s posts lower leather goods revenue in 2018

Worldwide
Published:  24 January, 2019

Overall sales for Tod’s Group totalled €958.2 million in 2018, at constant exchange rates, remaining rather flat (-0.5%) over the previous year’s figures. At reported rates, revenues totalled €940.4 million (-2.4%), with the Tod’s and Roger Vivier brands as the most affected by currencies fluctuations due to their higher presence outside of Italy.

In 2018, Tod’s brand sales amounted to €509.5 million, with “good results” achieved in the Americas and in Asia, while Europe is said to have been affected by lower purchases of tourists and political and economic uncertainties in Italy. Hogan revenues were €207.5 million in the year, up +1.8%; according to the Group, the weakness of the Italian market was more than offset by the solid double-digit growth recorded abroad. Sales of Roger Vivier totalled €179 million at constant rates (-0.2%). The brand is also said to have recorded good results in Asia, but “suffered in Europe”, especially with regards to sales to tourists. Sales of the Fay brand totalled €61.3 million; a -3.4% decrease compared with 2017, and mainly attributed to the weakness of the domestic market.

In terms of product category, revenues from shoes were €758 million in 2018, in line with the figure registered in 2017, while sales of leather goods and accessories totalled €131.8 million, down -3% year-on-year. Sales of apparel were €67.5 million, slightly below the 2017 figure.