Latest news with #Geox
Fashion United
31-07-2025
- Business
- Fashion United
Geox Spa H1 revenue down 4.7 percent
Geox Spa, listed on the Euronext Milan market managed by Borsa Italiana, has approved its consolidated results as of 30 June 2025. The first half of the 2025 financial year recorded a drop in turnover of approximately 15 million euros (-4.7 percent) compared to the first half of the previous financial year. Excluding the impact of the closure of the branches in China and the US, the drop is equal to 6.1 million euros (-1.9 percent), according to a press release. Gross margin remained stable in percentage terms on revenue (51.2 percent), thus resulting in a reduction in absolute terms of approximately 7.7 million euros. Geox H1 results impacted by weak consumer sentiment The company recently appointed a new chief executive officer: Francesco Di Giovanni, who has replaced Enrico Mistron. The new appointment is part of a process to accelerate the company's transformation. "The first half of the 2025 financial year continues to be influenced by complex general market conditions. Macroeconomic indicators confirm a still weak consumer dynamic, conditioned by a climate of low confidence and a consequent significant contraction in demand. Despite the context, we remain fully focused on executing the initiatives set out in our industrial plan, maintaining a rigorous approach focused on the most profitable markets, process optimisation and cost containment," specified Geox management. They added that during the first half, "the first part of the 30 million euro capital increase was successfully completed as defined by the financial manoeuvre, with full subscription by our shareholders. This result strongly motivates us and confirms the relaunch path undertaken." EBITDA (excluding the adjusted IFRS 16 impact) totalled 8.6 million euros compared to 4 million euros in the first half of 2024. The adjusted operating income was positive and amounted to 0.6 million euros compared to negative 5.5 million euros in the first half of 2024. The adjusted net result was negative 3.1 million euros compared to negative 15.4 million euros in the first half of 2024. Review of Geox results across core markets Revenue generated in Italy represented 29.6 percent of the group's revenue (27.8 percent in the first half of 2024) and amounted to 90.5 million euros, an increase of 1.6 percent compared to 89.0 million euros in the first six months of 2024. Revenue generated in Europe, equal to 47.4 percent of the group's revenue (45.7 percent in the first half of 2024), amounted to 144.7 million euros, compared to 146.4 million euros in the first half of 2024, a slight decrease (1.1 percent), mainly due to the negative performance in the DACH area and the Iberian Peninsula. Revenue from other countries totalled 70.1 million euros, down 17.5 percent (17.8 percent at constant exchange rates) compared to the first half of 2024, due to negative performance in both the multi-brand and direct channels. This decrease is mainly attributable to the different geographical scope, which in the first half included revenue generated in the US and China for a total amount of approximately nine million euros. Footwear represented 91.9 percent of consolidated revenue, standing at 280.7 million euros, with a decrease of 3.8 percent (4.0 percent at constant exchange rates) compared to the first half of 2024. Revenue from apparel sales totalled 8.1 percent of consolidated revenue, standing at 24.6 million euros, down 13.6 percent at current exchange rates (14.0 percent at constant exchange rates) compared to 2024. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
Fashion Network
30-07-2025
- Business
- Fashion Network
Geox posts 4.7% revenue drop in H1 2025 as market conditions remain challenging
Italian footwear and lifestyle brand Geox began 2025 on a softer note, reporting first-half revenues of €305.3 million (£262.6 million), a 4.7% decline compared to the same period last year. Excluding the impact of store closures in the United States and China, the drop narrowed to 1.9%. Despite the revenue dip, the company posted improved profitability, with EBITDA reaching €34.2 million (£29.4 million), reflecting an 11.2% margin on sales—up from €29.1 million (£25 million) in the first half of 2024. 'The first half of financial year 2025 continues to be impacted by difficult macroeconomic conditions,' Geox said in a statement. 'Consumer spending remains weak, shaped by low confidence and a significant drop in demand. Despite this, we are staying focused on our Business Plan priorities—targeting more profitable markets, streamlining operations, and managing costs.' The company noted that these strategies are already improving operating margins and reinforcing confidence in its long-term plan. The Spring/Summer 2026 sales campaign began in May and will run through to September. Initial customer response has been positive, with the company citing strong interest in the updated style and commercial positioning of the collection. Geox also confirmed that it successfully completed the first phase of a €30 million (£25.8 million) capital increase outlined in its Financial Manoeuvre, with full shareholder participation. 'This result motivates us and confirms the path of revitalisation we are pursuing,' the company said. Revenue from wholesale channels totalled €100.6 million (£86.5 million), down 5.6%, while retail sales declined 2.1% to €124.1 million (£106.7 million). The company highlighted that several store closures took place during the period, but on a like-for-like basis, sales from its directly operated monobrand stores saw a slight increase. Digital sales—including the Geox-owned e-commerce platform and marketplace operations—dropped 7.4% versus the first half of 2024. Geographically, Italy grew 1.6% to €90.5 million (£77.8 million), supported by a 43.8% increase in online sales and stable retail performance (+0.2%). Sales in Europe slipped 1.1% to €144.7 million (£124.4 million), mainly due to weaker results in the DACH region and the Iberian Peninsula. Revenues from "Other Countries" reached €70.1 million (£60.3 million), a 17.5% decrease attributed largely to the absence of sales from the U.S. and China, which contributed approximately €9 million (£7.7 million) in H1 2024. The region was also impacted by ongoing challenges in Russia and nearby markets, although growth in Canada (+14.5%) and the Middle East and Africa (+18.6%) helped offset the decline. In terms of product categories, footwear continued to dominate Geox's business, generating 91.9% of total revenue. Shoe sales reached €280.7 million (£241.4 million), down 3.8% year on year. Apparel sales dropped 13.6% to €24.6 million (£21.2 million). (€1 = £0.86)
Fashion Network
30-07-2025
- Business
- Fashion Network
Geox posts 4.7% revenue drop in H1 2025 as market conditions remain challenging
Italian footwear and lifestyle brand Geox began 2025 on a softer note, reporting first-half revenues of €305.3 million ($351.1 million), a 4.7% decline compared to the same period last year. Excluding the impact of store closures in the United States and China, the drop narrowed to 1.9%. Despite the revenue dip, the company posted improved profitability, with EBITDA reaching €34.2 million ($39.3 million), reflecting an 11.2% margin on sales—up from €29.1 million ($33.5 million) in the first half of 2024. 'The first half of fiscal year 2025 continues to be impacted by difficult macroeconomic conditions,' Geox said in a statement. 'Consumer spending remains weak, shaped by low confidence and a significant drop in demand. Despite this, we are staying focused on our Business Plan priorities—targeting more profitable markets, streamlining operations, and managing costs.' The company noted that these strategies are already improving operating margins and reinforcing confidence in its long-term plan. The Spring/Summer 2026 sales campaign began in May and will run through September. Initial customer response has been positive, with the company citing strong interest in the updated style and commercial positioning of the collection. Geox also confirmed that it successfully completed the first phase of a €30 million ($34.5 million) capital increase outlined in its Financial Maneuver, with full shareholder participation. 'This result motivates us and confirms the path of revitalization we are pursuing,' the company said. Revenue from wholesale channels totaled €100.6 million ($115.7 million), down 5.6%, while retail sales declined 2.1% to €124.1 million ($142.7 million). The company highlighted that several store closures took place during the period, but on a like-for-like basis, sales from its directly operated monobrand stores saw a slight increase. Digital sales—including the Geox-owned e-commerce platform and marketplace operations—dropped 7.4% versus the first half of 2024. Geographically, Italy grew 1.6% to €90.5 million ($104.1 million), supported by a 43.8% increase in online sales and stable retail performance (+0.2%). Sales in Europe slipped 1.1% to €144.7 million ($166.4 million), mainly due to weaker results in the DACH region and the Iberian Peninsula. Revenues from "Other Countries" reached €70.1 million ($80.6 million), a 17.5% decrease attributed largely to the absence of sales from the U.S. and China, which contributed approximately €9 million ($10.3 million) in H1 2024. The region was also impacted by ongoing challenges in Russia and nearby markets, although growth in Canada (+14.5%) and the Middle East and Africa (+18.6%) helped offset the decline. In terms of product categories, footwear continued to dominate Geox's business, generating 91.9% of total revenue. Shoe sales reached €280.7 million ($323.8 million), down 3.8% year over year. Apparel sales dropped 13.6% to €24.6 million ($28.3 million).
The Herald Scotland
04-07-2025
- Business
- The Herald Scotland
5 tips to get the best deals in the Amazon Prime Day sale
93% off Levi's Men's The Trucker Jacket – was £104, now £7.70 85% off Geox trainers – was £94, now £16 77% off Barbie Fantasy Hair Doll – was £46.86, now £13.99 Up to 76% off Xbox One games – CyberPunk 2077 was £45.80, now £14.90 75% off Jumper 16" Laptop with Office 365 – was £750, now £249.99 If you've been eyeing Kindles, Echo speakers, or other Amazon gadgets, Prime Day is your moment. But it's not all tech. In previous years, beauty buys, luxury products, fragrances, and even everyday essentials like toiletries and pet food have seen major markdowns. With back-to-school season on the horizon, it's also a great time to stock up on school supplies. With Prime Day 2025 expected to be bigger than ever, Zoe Morris, savings expert at shares her top tips to help shoppers get the best bang for their buck. "Amazon Prime Day is a must for deal hunters. Some of the biggest savings are typically found on Amazon's own products – think Kindles, Echo speakers, Firesticks, and Ring doorbells," she says. Don't buy on Amazon prime day coming up without doing this — Matty McTech (@setupspawn) June 30, 2025 "If you've had your eye on any of these, it's worth holding out for the big day.' How to get the best deals this Amazon Prime Day 1. Make an Amazon wishlist before the sale starts Avoid impulse buys by listing out what you actually want and need. Add these items to your Amazon wishlist now and note down the 'before' price, so you can act fast when the discounts drop – and see if you're truly getting a good deal. You can make your list here. 2. Use the Amazon app Enable notifications to get real-time alerts on 'Lightning Deals' – limited-time offers that often sell out in minutes. 3. Check out what cashback sites are offering or combine with a rewards bank account or credit card VoucherCodes is rounding up the best offers all in one place, saving you time and money when you're shopping this Prime Day. Keep an eye on the site for hand-tested codes and expert insights to help you save even more. Recommended reading: 4. Check price history Use tools like CamelCamelCamel to track price changes and make sure the deal you're seeing is genuinely a bargain. 5. Know when to wait For big-ticket items like TVs and smartphones, it might be worth holding off until Black Friday in November, when even deeper discounts are likely.
Hamilton Spectator
22-05-2025
- Business
- Hamilton Spectator
WALKER BEGINS DRILL PROGRAM AT LAPON CANYON
Vancouver, B.C, May 22, 2025 (GLOBE NEWSWIRE) — Walker River Resources Corp. ('Walker' or the 'Company') (TSX-V: WRR) is pleased to announce that the 2025 reverse circulation ('RC') drill program has begun at the Lapon Canyon portion of the Lapon Gold Project, located within the Walker Lane Gold trend, 60 km SE of Yerington, NV. The initial 2025 drill program at Lapon Canyon will consist of exploration drilling near the historical Lapon Canyon Mine, the 'Central Zone', and the newly discovered 'Hot Spot Zone'. Drill holes are planned to extend known gold-bearing mineralized zones along trend and at depth, as well as to target new areas of mineralization previously untested. Lapon Canyon's 'Hotspot Zone' is a primary target for the 2025 drill program. Following up on the previously unknown, high-grade, near surface Hotspot discovery, made in 2021. The Company will carry out grid-style drilling over the target, testing for extension of the mineralized zone in all directions as well as for continuity with the mineralization of the 'Central Zone'. Grid drilling will consist of pads placed at approximately 30 m centres on section, with up to five holes planned per pad. The mineralization is not visible at surface, as it is overlain by approximately 3 meters of loose colluvium, making the target unexposed, but also making drill road access and pad construction quicker at less cost. Surficial mapping and rock sampling will be carried out at bedrock exposures surrounding the Lapon Canyon gold targets. Structural data collection will be a key objective, as Walker aims to focus in on the structural controls of high-grade mineralization and the broad disseminated deposits enveloping them. The Company also announces it has retained Geoex Exploration (Geox) of Vancouver BC., a full-service mineral exploration consulting firm. Geox will be responsible for the management and supervision of the drilling database, geological mapping, producing drill logs from RC chips, and producing a three-dimensional model of the Lapon Gold project. Initial interpretations of Lapon's historical data have been used to produce a geological model of the Central and Hot Spot zones, which already has greatly enhanced the planning and design of Walker's 2025 drill program. Walker River has completed considerable exploration work to date, with numerous drill hole intercepts that have indicated significant gold mineralization. The drill programs at Lapon Canyon will consist of definition and systematic drilling on section for geological modelling purposes, exploration drilling to discover new gold mineralization, extension of known gold mineralization, in several directions, including at depth. The results from the 2025 drill programs and subsequent data compilation will enable the completion of an initial NI 43-101 compliant mineral resource on the Project. Michel David, President states: 'We are very excited and encouraged by the past drill results which confirm the potential of the project. The 2025 drill program will further define the geological model as to the actual size, geometry, and parameters of the gold mineralization at Lapon.' About the Lapon Gold Project The Lapon Gold Project consists of 149 claims (3103 acres) situated in the Wassuk Range, within the Walker Lane shear zone, a 100 km wide structural corridor extending in a southeast direction from Reno, Nevada. Lapon Canyon (96 claims) is subject to an US $5,000,000 exploration stream earn-in agreement with Nevada Canyon Gold Corp for right to acquire up to a 50% interest in the Project. (news release 02-03-2025). The Project is easily accessible by secondary state roads from the main highway (25 kilometres), and is located approximately 60 kilometres southeast of Yerington, Nevada. A state power grid transmission line passes within three kilometres of the Project. The Lapon Gold Project includes Lapon Canyon, the Pikes Peak claims located 4 kilometres to the north and the Rattlesnake and Range Front claims 3 kilometres to the west and over 600 meters lower than the present drilling at Lapon Canyon. The Rattlesnake, Range Front, and Pikers Peak claims cover over 8 km of possible extensions of the range front zones to the west, north, and south of Lapon Canyon, adding several additional drill target areas to the project. Rattlesnake and Pikes Peak contain numerous historical mining and milling areas that consist of adits at different levels, shafts and underground workings, and a network of existing roads providing access throughout. Little or no exploration work has been carried out on these claims prior to Walker's arrival. It is notable that the Rattlesnake area and adits are on strike with the Lapon Canyon discoveries located 3 km on strike and 600 meters above. Lapon Canyon hosts historical high grade gold mining with approximately 2000 feet of undergoing workings in three adits. Historical underground work returned numerous assay values in the one ounce per ton range, with a sample at the end of the A adit returning 20.6 ounces per ton Au. (NI 43-101, Montgomery and Barr, 2004). FOR FURTHER INFORMATION PLEASE CONTACT: Michel David, CEO & Director Tel: 819 874-0030 Email: info@ Website: Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statements Regarding Forward Looking Information This news release contains certain 'forward-looking information' and 'forward-looking statements' (collectively 'forward-looking statements') within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as 'expects', 'anticipates', 'believes', 'intends', 'estimates', 'potential', 'possible', and similar expressions, or statements that events, conditions, or results 'will', 'may', 'could', or 'should' occur or be achieved There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, social and regulatory uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. The Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.
