Tod's

Discussion in 'Shoes, Shoes, Shoes' started by leyla m., May 12, 2004.

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  1. leyla m.

    leyla m. New Member

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    from the daily:

    Tod's: Sales Up, Profits Down


    Wednesday, May 12, 2004

    The Tod’s Group, owner of such high brow labels as Tod’s, Hogan and Fay, reported that its sales for the first quarter 2004 inched up 1.7% to 105.6 million euro. Based on constant exchange rates, Tod's saw revenue growth of 4.7% from the 103.8 million euro clocked last year during this period.

    The mother brand, Tod’s, backtracked a slight 1.3% to 58.7 million euro in sales. The company assures that its pebbled soled driver shoes and soft leather handbags are still in high demand, though—it’s just that its international presence (read: American) made it more susceptible to the drooping dollar. Speaking of shoes, sales for those dipped 2.8% overall, while Tod’s diversification into leather goods (bags, wallets and the like) proved to be a growth area (up 19.6%).

    On the profits page, the situation was not quite as rosy. Tod’s reported that its pre-tax profit was 9.1 million euro, down over 30% from 14.9 million euro last year. Net income also dropped—nearly in half—to 4.7 million euro. But CEO Diego Della Valle isn’t fazed.

    In a statement, the Italian manager said: “The temporary drop in margins was a natural consequence of the changed ratio between wholesale and retail sales, that entails a delay of the months in which the related revenues are booked. These figures, together with the positive signals currently coming form the markets, allow us to confirm our growth forecasts in terms of both revenues and profits for the year underway.”
    J.J. MARTIN
     
  2. TheSoCalledPrep

    TheSoCalledPrep New Member

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    Does this mean markups?? :( :unsure:
     
  3. sbbbjm

    sbbbjm New Member

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    i like a lot of tod's stuff. so classic. they kinda remind of like a hermes concept.

    their driving shoes are the best
     
  4. TeezBelts

    TeezBelts New Member

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    knockoffs?

    Tod's bags are wonderful, but they are so expensive. Where can one find knockoffs of those wonderful bags? Anywhere online?
     
  5. travis_nw8

    travis_nw8 mmmmmm...fashion....

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    i hope they expand and improve their men's bags- the computer cases are huge! I have always been a fan of the driving shoes but recently tods ( and hogan) seem so 'blah'.
     
  6. LuxuryLover

    LuxuryLover New Member

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    I love the driving loafers too. Everything they do is really great quality
     
  7. Diorling

    Diorling New Member

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    I love Tod's, Im so serious. Ive started collecting thier drivers because I love them so.

    I really like thier bags too. Tod's is just so classicly chic and simple.
     
  8. strawberrywater

    strawberrywater New Member

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    I love my Tod's loafers, they are so comfy.I wanted to get another pair so I hope they don't up the price any more.
     

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