In The First Half Of Fiscal Year, Luxury Group Tod 'S Net Profit Fell 26%

Like P LVMH and a href= http://sjfzxm.com/news/index_f.asp, LVMH group, Kai Yun group (Kering) and Compagnie (Financi Financi re Richemont), the company also suffered a brutal blow in the luxury market, mainly due to the rectification campaign of the Chinese government against corruption and the adverse fluctuations of the exchange rate.

In the same period, pre tax profits accounted for 21.6% of sales, and recorded 103 million euros, or about 141 million US dollars, down 21%.

LADYMAX fashion network reported earlier that LVMH group announced a 4.3% decline in profits in the first half of the year, while the net profit of Kai Yun group also recorded a 4.7% decline.

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< p > however, Diego Della Valle, chairman and chief executive officer of Tod 's, remains optimistic about the future and explains that the group has always limited its development in the medium term. He believes that the medium-term development plan will be effective in the near future.

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Since P "Tod" s has been optimizing its distribution network in Italy since 2012, its performance has been dragging its overall achievements.

Such a strategy especially combating two brands of Hogan and Fay which are heavily dependent on Italy.

In the first half of the fiscal year, Tod 's Group SpA's performance in Italy dropped by 7.8% compared with the same period last year, and its revenue shrank to 148 million euros, which is 203 million US dollars, accounting for 30% of the group's total sales.

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< p > < < a href= > http://sjfzxm.com/news/index_f.asp > > < /a > division, the Americas mainly due to the cost of renovation of the shops, the sales performance in the first half of the year has dropped by 2.7%, and the income in the Greater China region has dropped by 7.6%, to 1.

1 billion 700 million euros, or about 161 million US dollars, but Macellari said it favors the autumn market in Greater China.

In addition to the above, regional performance increased by 16%, especially in Korea, Singapore, Japan and the Middle East.

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< p > by brand classification, Tod 's is still the main source of group performance, accounting for 60%, although the brand's current exchange rate performance fell 2 percentage points, recorded 290 million euros, or about 397 million dollars.

Under the same exchange rate, the sales performance of the brand increased by 0.8 percentage points.

The performance of Hogan and Fay fell by 6.1% and 4.9% respectively, only 104 million 500 thousand euros (143 million 200 thousand US dollars) and 22 million 800 thousand euros (31 million 200 thousand US dollars).

Roger Vivier revenue rose 1.4% (5% at a constant exchange rate), recording revenue of 59 million 800 thousand euros, or about $81 million 900 thousand.

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< p > from the < a > category < /a >, the shoe series continue to remain in the core position of the group, with sales reaching 373 million euros (US $512 million), and the current exchange rate performance fell by 2.5% (0.4% under the constant exchange rate).

Affected by the decrease in demand in the Greater China region, the performance of leather goods products dropped by 2.8% (a 0.7% gain at a constant exchange rate).

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< p > Tod "s" bad performance is obvious to all.

LADYMAX fashion network has reported that, by the brand's continuous impact on Italy's distribution channel reform and exchange rate fluctuations, Tod 's SpA recorded an operating profit of 13.3% in the first fiscal quarter of this year, only 46 million 300 thousand euros, or about 63 million 400 thousand dollars, operating profit of 53 million 400 thousand euros, or 70 million 500 thousand US dollars, in the same period last year.

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