Tod's nine-month sales slip; hit by Italy weakness, Hong Kong protests
Share:
MILAN (Reuters) - Italian luxury group Tod's posted a fall in nine month revenues and said it would be "challenging" to meet analysts' full year profit forecasts as it steps up investments to bolster sales hit by a weak domestic market and turmoil in Hong Kong. The closely watched same-store sales figure fell by 4.7% in the period, signalling a small deterioration compared to a 4.5% drop in the first half of the year, the shoes and leather goods company said on Wednesday. Overall sales fell to..