All Geox articles – Page 2
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ArticleGeox to close 110 stores over 3 years
Geox plans to close about 110 small and less profitable stores over the next three years following net closures of 107 during 2020. The shops will be closed as leases expire in order to avoid paying penalties. The pruning is expected to reduce the company’s annual sales by €65-70 ...
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ArticleStocks of footwear companies fell by 16.3% in 2020
Well functioning financial markets are providers of information and signals. We are analyzing last year’s performance of footwear companies, but also of luxury goods and e-commerce companies with a strong footwear component, to see how markets perceived some of the key players of our industry.
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ArticleGeox suffers accelerated sales decline amid new lockdowns
Geox has suffered a 30.0 percent decline in like-for-like sales in the fourth quarter to date - bringing the like-for-like sales decline in the year so far to 32.0 percent - amid new temporary store closures due to a second wave of the Covid-19 pandemic in its main markets. ...
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ArticleThe casual shoe market grew by 6.0% in 2019
According to a study conducted by Shoe Intelligence in collaboration with Sporting Goods Intelligence, the branded casual footwear market grew by 6.0 percent in terms of invoiced dollars to an estimated level of $20.8 billion in 2019, in spite of strong competition from the athletic footwear brands in the disputed ...
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News briefs
Geox pays July wages of bankrupt logistics provider
Geox , through its unit Xlog , paid the wages for the month of July of about 380 employees of the logistics company Venere , a unit of the Milanese group CGS currently being liquidated after being declared bankrupt. The payment was reached after Xlog reached an agreement ...
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ArticleGeox sees gradual recovery after H1 sales drop by 39.0%
Geox has reopened all its directly-operated stores (DOS) temporarily closed due to the Covid-19 pandemic and is seeing a gradual recovery in its performance after first half sales took a hit from store closures during lockdowns. Yet it cautions that uncertainties about the “still very much ongoing” pandemic make ...
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Article
Geox’s Q1 sales fall by 30%
Geox ’s sales fell sharply in the first quarter of 2020, which was heavily affected by temporary store closures due to the Covid-19 pandemic in all regions the company is present. It warned that the second quarter will be worse.
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Article
Geox sees 20% drop in DOS sales during Q1
Geox expects sales of its directly-operated stores (DOS) to have declined by 20 percent in the first quarter because of the impact of Covid-19. In the 12 weeks to March 22, comparable sales for DOS dropped by nearly 15 percent because of store closures, first in Italy and then ...
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Article
Geox’s FY net loss widens on one-off charges, lower sales
Geox ’ net loss for the last financial year widened to €24.8 million from €5.3 million in 2018 as the company booked €15.0 million in one-off costs, against €9.8 million the previous year, and suffered a 2.6 percent decline in sales to €805.9 million (see Shoe Intelligence Vol. 22 n. ...
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