Geox news and archive

Geox reports 9.7 percent decline in nine month sales

Italian footwear player Geox reported consolidated sales for the first nine months of 525.5 million euros, down by 9.7 percent or 9 percent at constant exchange rates due to the negative performance of the wholesale channel and franchising, partially offset by the positive trend of the direct digital channel. Commenting on the outlook, the...

Business

Geox closes subsidiaries in China and the US

The Italian shoe manufacturer Geox SpA is streamlining its business activities. On Thursday, the group announced the closure of its subsidiaries in China and the US at the end of the year. Both companies had only made insignificant contributions to sales and were in the red, Geox said, adding that the measures were aimed at increasing efficiency...

Business

Is Geox closing its US business?

Geox is said to be laying off employees in the US and rethinking the future of the market. The Italian shoe retailer is closing its office in New York, Geox CEO Enrico Mistron confirmed to trade magazine Footwear News. It is currently unclear how many employees will be affected by the job cuts. In addition, the company's management is reviewing...

Business

Geox: Declining wholesale business depresses sales

Adverse conditions continued to pose challenges for Geox in the first half of the financial year. The Italian shoe retailer suffered a 9.4 percent drop in sales to 320.4 million euros, Geox announced on Thursday. Compared to the same period last year, sales amounted to 353.6 million euros. The operating result also fell significantly in the...

BusinessFeatured

Sharp decline in wholesale impacts Geox results

Geox reported first quarter sales of 193.6 million euros, down 13.5 percent or 11.7 percent at constant exchange rates due to the performance of the wholesale channel and franchising, partially offset by the positive trend of the digital DOS channel. Considering the uncertain geopolitical and macroeconomic short-term scenario, the company...

BusinessFeatured

Geox appoints new CEO as yearly sales take hit amid ‘extremely challenging’ period

Footwear specialist Geox has announced the appointment of a new chief executive officer alongside the publication of its financial results for 2023, when it saw sales take a slight hit after navigating an “extremely challenging” period. Enrico Mistron is to take on the helm position, succeeding Livio Libralesso, who was said to have agreed to a...

Fashion |In Pictures Featured

LFW AW24: Robyn Lynch unveils collaborations with C.P. Company and Geox

Dublin-born designer, Robyn Lynch reinterpreted Irish dance for her autumn/winter 2024 collection showcased during London Fashion Week in a tribute to her younger sister Adrianna, a professional Irish dancer. Family is always a great source of inspiration from Lynch, and in her show notes she explained: “I vividly remember all these weekends...

BusinessFeatured

Geox sees sales stabilise in 2023

Geox in its preliminary results statement reported 2023 sales of 720 million euros, down 2.2 percent or up 0.3 percent at constant exchange rates, mainly driven by negative DOS performance partially offset by multi brand channel. Fourth quarter results were 17.3 percent below previous year at current exchange, with sales reaching 138 million...

BusinessFeatured

Geox manages to increase sales in a 'complex macroeconomic situation'

Italian footwear player Geox sales for the first nine months of 2023 amounted to 582 million euros, up 2.3 percent or up 4.1 percent at constant exchange due to the positive performance of the multibrand channel partially mitigated by the negative performance of the DOS channel. The company said in a statement that the third quarter results were...

Business

Geox to focus on digital, forecasts annual revenue of 800,000 euros by 2024

Geox, the Italian shoe company best known for its breathable and waterproof shoes, has forecast sales to reach 800 million euros by 2024. The company has put in place an aggressive growth strategy to increase sales 11 percent per year. The company’s chief executive Livio Libralesso said the customer will be central to its operations with a focus...

Business

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...

People

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...