Tod's posts 4 percent revenue drop in the first nine months

Tod’s SpA sales for the first nine months of 2019 were 677.7 million euros (748.7 million dollars), down 4 percent from the same period of 2018. Retail revenues for the period totalled 466.5 million euros and represented 70 percent of the group’s turnover. In the third quarter, this channel grew by 8 percent, driven by the sound double-digit growth of e-commerce, while the same-store sales growth was negative 4.7 percent in the first nine months. At September 30, 2019, the group’s distribution network composed of 290 DOS and 111 franchised stores.