Geox announces sales growth for first half of 2011
04/08/2011
The company’s chairman and founder, Mario Moretti Polegato, commented: “Geox closes the first six months of the year with a solid net cash position of EUR 66 million, with sales up by 3%, boosted by double-digit growth in emerging markets, especially Russia, China and Eastern Europe, but also by a positive trend in more mature markets. The plan to expand the network of monobrand shops is continuing. More than 100 new stores will be inaugurated during the current year, most of them run by franchising partners, which confirms yet again the strength of the Geox brand. I am also satisfied with the prospects for the second half of the year as the autumn-winter order backlog from our multibrand and franchising customers has gone up by 8%.”
Share this story:
