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 the exchange rate effect. Footwear sales, amounting to 239.9 million euros (282.6 million dollars), down 10.3 percent or 9.2 percent at constant forex. Apparel sales amounted to 24.6 million euros (28.9 million dollars), down 19.3 percent or 18.9 percent at constant forex.