Tod’s Shifting From Cozy Loafers To Regenerate Income – Business Expert

“We are trying to send the message that Tod’s is not any longer simply a great producer of high-quality shoes, but also that it is more and more becoming a ‘maison’,” Chief Financial officer Emilio Macellari told Reuters. For luxury goods companies, handbags, wallets and other accessories are easier to sell because they don’t require a particular fit. A clothes line helps drive those accessory sales by giving the label – and the shop window – the allure of a collection and ensuring magazine spreads. Lately a slowdown in China, once the sector’s growth engine, has hit profits across the luxury goods business. But Tod’s high reliance on lower-margin shoes is widely seen as being to blame for sharper falls in sales and profits than its peers have seen.

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