GEOX news and archive

Geox reports 8.2 percent drop in H1 turnover

Geox S.p.A., has reported consolidated sales in the first half of 414.1 million euros (483.5 million dollars), down 8.2 percent or 7.2 percent at constant forex, compared with the previous year, which the company said were affected by performance in the first quarter, characterised by lower discounted sales and the delayed start to the spring...

People

Kofi Annan joins Geox Ethics Committee

Former UN secretary-general Kofi Annan is entering the fashion industry. Italian apparel and footwear brand Geox has issued a statement announcing that Annan has joined its Ethics and Sustainable Development Committee. Annan, who won the Nobel Peace Prize in 2001, is going to help the company update its code of ethics. He will also ensure the...

Management

Geox Q1 net sales decrease 11.2 percent

Geox S.p.A. first quarter consolidated net sales amounted to 264.5 million euros (311.6 million dollars), a decrease of 11.2 percent or 10 percent at constant forex. The company said, performance in the first quarter was mainly affected by the unusual weather conditions, the planned optimisation of the store network, fewer promotional sales and...

Management

Geox posts profit growth in FY17, names Matteo Macsazzini its new CEO

Geox S.p.A. has said that the company’s 2017 consolidated net sales amounted to 884.5 million euros (1,089 million dollars) were in line with last year, down 1.8 percent at current forex and 1.7 percent at constant forex with the growth of the wholesale partially compensating for the planned optimization of the mono-brand store network. The...

ManagementFeatured

Geox posts stable net sales growth in FY17, names ex-Gucci executive its new CEO

Geox S.p.A., in a statement announcing unaudited preliminary results for the year said that consolidated net sales amounted to 884.5 million euros (1,084.5 million dollars), down 1.8 percent at current and down 1.7 percent at constant forex, with the growth of the wholesale channel partially compensating for the planned optimization of the...

Management

Geox nine month revenues decline 0.9 percent

Consolidated revenues for the first nine months of 2017 at Geox amounted to 732.7 million euros (850 million dollars), which the company said were substantially in line with last year, representing 0.9 percent decline at current forex and 1.3 percent at constant forex, with the growth of the wholesale channel partially compensating for the...

ManagementFeatured

Geox reports slight increase in H1 net sales

For the first half of 2017, Geox said consolidated net sales increased by 0.2 percent but were down 0.7 percent at constant forex to 451.1 million euros (529 million dollars). Footwear sales represented 90 percent of consolidated sales, amounting to 408.2 million euros (479 million dollars), in line with last year but down 1.3 percent at...

Retail

In Pictures: Geox unveils new store concept 'X Store'

Footwear and apparel retailer Geox has unveiled its newest store concept in Milan, Italy which aims to bring together technology, design, sustainability, and well-being. Known as the 'X Store' concept, the new design preserves and enhances existing architectural features in the building, such as glass windows, columns, ceilings and exposed...

Report

Geox Q1 apparel sales rose 4.5 percent

Geox consolidated revenues for the first quarter of 2017 increased by 1.2 percent or 0.1 percent at constant exchange to 297.9 million euros (324 million dollars). Footwear sales amounting to 267.4 million euros (291 million dollars), increased 0.8 percent or declined 0.2 percent at constant forex. Apparel sales of 30.5 million euros (33 million...

ManagementFeatured

Geox FY net sales up 3 percent, footwear sales rise 3.9 percent

2016 consolidated net sales at Geox increased by 3 percent to 900.8 million euros (952 million dollars), a 3.3 percent rise at constant forex. Footwear sales represented 91 percent of consolidated sales, amounting to 815.5 million euros (862 million dollars), with a 3.9 percent or 4.2 percent increase at constant forex compared to 2015. Apparel...

Report

Geox appoints Gregorio Borgo as its new CEO

Geox board meeting, chaired by Mario Moretti Polegato appointed Gregorio Borgo to the board and as the company’s new Chief Executive Officer, with effect from January 12, 2017. Born in Turin in 1964, Borgo previously worked for Pirelli Group where he was GM for operations in the tyre sector until December 31, 2016. As part of this role, he was...

Report

Geox nine months revenues up 4.3 percent

Geox consolidated revenues for the first nine months of 2016 increased by 4.3 percent to 739.3 million euros (805 million dollars) or 4.7 percent at constant forex. Footwear sales, which accounted for about 90 percent of consolidated sales, amounting to 668.9 million euros (728 million dollars), increased 4.6 percent or 4.9 percent at constant...