Geox news and archive

Geox and Diadora presidents donate to fight coronavirus

President of Geox, Mario Moretti Polegato and his son, Enrico Moretti Polegato, president of Italian sportswear brand Diadora, have donated one million euros to the Veneto Region in Italy to help manage the health care emergency caused by the coronavirus outbreak. In a statement, Mario Moretti Polegato said: “In this historic moment of extreme...

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Geox records turnover decline of 6.5 percent in 2018

Geox S.p.A., said in a statement that consolidated sales in 2018 amounted to 827.2 million euros (939.8 million dollars), down 6.5 percent or 5.5 percent at constant forex. The company added that 2 percent sales increase was recorded in the last quarter of the year, driven by the 12 percent sales increase in 2018 and 22 percent in the fourth...

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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...

Business

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...

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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...

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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...

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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...

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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...

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Geox H1 net sales increase 5.5 percent

Geox in the first half of 2016 consolidated reported net sales increase of 5.5 percent or 6.1 percent at constant forex to 450.3 million euros (499.1 million dollars). Footwear sales, which accounted for about 91 percent of consolidated sales, amounting to 410.1 million euros (454.5 million dollars), increased 5.1 percent and apparel sales,...

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Geox FY15 net sales rise 6 percent, improves profitability

Geox announcing its 2015 financial results said that consolidated net sales increased by 6.1 percent to 874.3 million euros (965.1 million dollars). EBITDA was 61.8 million euros (67.5 million dollars), 7.1 percent of sales, compared to 42.6 million euros (46.5 million dollars) of 2014. “I am satisfied with the results achieved in 2015, with...