TOD’s see exceptional results in 2011
Italian luxury leather goods maker Tod’s said it expected a pick-up in third-quarter sales of its shoes and handbags to continue into the final part of the year.
The TOD’S GROUP, which includes the Fay, Hogan, and Roger Vivier brands, reported double-digit percentage growth in all markets where it is present, led by a 20.5 percent rise in Europe. The acceleration in sales was due to the success of Tod’s autumn-winter collection, the company said.
"I am confident that we can post good results also in the final quarter of the year," Chairman and Chief Executive Diego Della Valle said. "Based on the orders for the forthcoming summer collections, I believe our group will be able to turn in excellent results also in the next financial year," he added.
Sales in the U.S., where Tod’s has potential to grow after Della Valle became the top shareholder in department store chain Saks Fifth Avenue last month, were up 13.5 percent in the third quarter.