Before September, Tod 'S Group Sales Fell 3.7% Year-On-Year.

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The sales report for the first 9 months of SPA showed that sales fell 3.7% to 757 million 700 thousand euros, or 841 million US dollars, in the 9 months to September 30th.

Among them, sales of direct outlets decreased by 6.1% compared with the same period last year, which was 453 million 600 thousand euros, or 503 million 500 thousand US dollars.

Emilio Macellari, chief financial officer, points out that more digital strategies serve as a channel for communication and make improvements and releases, and the Internet update cycle is fast, in order to adapt to distribution and provision.

The group will change shop collections every two months.

In the first 9 months of 2016, Tod

Sales fell by 7.5% to 419 million 400 thousand euros, the main source of group revenue; Hogan sales fell 2.8% to 171 million 900 thousand euros; Fay sales grew 4.1% to 45 million 500 thousand euros; Roger Vivier sales rose 6.9% to 119 million 800 thousand euros compared to the same period last year.

The group's core footwear category decreased by 2.9% to 633 million euros, leather goods and accessories sales fell 10.3% to 103 million 800 thousand euros, and clothing sales increased 0.9% to 49 million 500 thousand euros.

The group did not make any changes in price fixing. The price of handbags ranged from 1200 to 1400 euros, offering 800 to 900 euros for the introductory products and 1700 to 1900 euros for bags.

Thanks to the slowdown in tourism, sales in Italy dropped by 4% to 243 million 900 thousand euros; other parts of Europe dropped 0.7% to 188 million 300 thousand euros compared with the same period last year; sales in the United States dropped 6% to 69 million 500 thousand euros; in the Greater China region, income dropped 8.9% to 152 million 900 thousand euros, almost entirely due to the weakness of consumption in luxury markets in Hongkong and Taiwan, and more than half of the mainland China showed signs of improvement.

Sales in other countries increased by 1.6% to 131 million euros, and the company highlighted two digit growth in South Korea.

As of September 30th, the group had counted 266 Direct stores and 103 franchised stores, while the total income for the third party was 341 million euros.