Geox
Geox launches five-year plan to reach over 850 million euros in revenue
The Italy-based company, known for its breathable footwear technology, has launched a five-year plan aimed at bolstering the business that includes 120 million euros of investment
Wholesale continues to weigh on Geox’s performance
In line with the first half, the footwear company has reported a decline in sales for the first nine months of the year, as the wholesale channel continues to weigh on overall performance
Geox shuts down its New York office as part of a strategic review
The Italian-based footwear brand has confirmed the closure of its NYC office, signalling a shift in its US business strategy after a 13.7% fall in North American revenue in the first half of 2024
Geox sales down in the first half
In line with the start of the year, Geox has reported a 9.4% decline in first half sales, on a comparable basis to the same period of last year, as the wholesale channel continues to struggle in most of its markets
Sales decline at Geox
The Italy-based group has reported a sales decrease of 13.5% in the first quarter of the year, as compared to the same period of 2023, mainly due to the performance of the wholesale channel in all regions
Geox appoints new CEO amid slowing sales
The Italy-based footwear group has confirmed a slowdown in sales in 2023, a year marked by “strong uncertainty”, and has announced the appointment of Enrico Mistron as its new CEO
Geox growth slows in 2023
The Italian-based footwear group has seen its growth slow from previous years due to a complex macroeconomic environment and unusual weather events in May and September
Geox reports moderate growth
The Italian-based brand recorded a positive performance in the year to date, but emphasised that the sales growth was moderate as compared to the last two years
Geox announces full year preliminary results ahead of expectations
The Italian brand posted a sales growth of 21% in 2022 over the prior year, sustained by double-digit growth on all distribution channels and across all the main regions
Geox confirms full year outlook
The Italian brand posted revenue growth in the first quarter of 2022, confirming its full year outlook, despite some pressures on margins due to supply chain constraints and the ongoing conflict in Ukraine
Geox closes 2021 with strong performance
The Italian brand posted revenue growth of 13.8% over 2020, reaching 608.9 million euros in 2021, driven by the performance of the wholesale channel and the gradual reopening of stores
Geox reports solid performance
The Italian brand announced revenue of 463.5 million euros in the first nine months of 2021, which reflects the positive impact of the gradual reopening of stores since the second quarter
Geox is closing its Serbian factory
The Italy-based company is closing down its Serbian plant in Vranje. The decline in demand for formal men’s and women’s shoes is pointed as the reason for the closure
Geox: sales still impacted by stores closure
During the first three months of the year, over one third of the network stores by Geox, were temporarily closed due to lockdowns, with a particularly significant suspension of activities in the main markets (Italy, France, Germany and the UK)-
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