Italy Shoe Brand Geox First Quarter Net Stores Reduced By 44

< p > by the increase in operating costs, Italy leisure shoes manufacturer retailer Geox SpA (GEO.MI) in the first quarter net profit fell 47.1% to 10 million 47 thousand euros, and earnings per share 0.04 euros, a year earlier, 18 million 998 thousand euros, and earnings per share of 0.07 euros. < /p >
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In the first quarter of March 31, 2014, Geox rose 2.3% to 268 million 500 thousand euros in the first quarter of March 31, 2014, and 262 million 500 thousand euros in the same period last year. The sales cost rose by 5.6% to 146 million 600 thousand euros, resulting in a 1.5% decline in gross profit, from 123 million 700 thousand euros in the same period last year to 121 million 900 thousand euros, with a gross margin of 170 basis points dropping to 45.4%. Business profits also fell sharply, decreasing from 43.3% euro to Euro P in the same period last year. The operating profit rate dropped sharply to a base point of href=, and net interest rate also dropped to a huge base point. < /p >
< p > by analogy, < a > 1st quarter "/a > Geox" Jian Le Si shoes products sales rose 1% to 232 million euros, 229 million 700 thousand euros in the same period last year, accounting for 86.4% of total revenue; clothing revenue rose 10.9%, from 32 million 895 thousand euros a year earlier to 36 million 476 thousand euros. Italy's domestic market revenue rose 8.3% to 97 million 372 thousand euros, compared with 89 million 924 thousand euros a year earlier; the income of European markets rose 0.1% from Italy in the same period last year, from 8.9% euros in the same period last year to 8.9% euros, from 13 million 464 thousand euros in the same period last year to 12 million 271 thousand euros, and other market income dropped to 1% euros, from the 43 million 290 thousand euro in the same period last year to the euro. According to the channel, the wholesale channel income of many brand shops dropped to the euro in the first quarter, from the euro in the same period last year to euro Geox; the income of the single brand stores rose to Euro euros, and the franchise store income fell, from the euro in the same period last year to the euro, and the direct store revenue rose sharply, from the Euro euro to Euro euro in the same period last year. By region, < /p >
< p > > a > Geox < /a > Jian Le Si maintained the previous 800 million euros sales target and profit and loss balance forecast in 2014, and released the three year plan for 2014. Geox Jian Luo said that it would streamline its business to reduce costs, while focusing on core products and innovation. It would take shutting down measures for unprofitable single brand stores, and new stores must meet profitability requirements. In the first quarter, Geox's stores decreased by 44, mainly in franchised stores, while the direct stores actually increased by 5. Geox said he will improve the commercial structure of Eastern Europe and North Asia and expand the potential of the region in order to expand. < /p >