Tod's sales fall 5%, weighed down by Italy, Hong Kong
Share:
MILAN (Reuters) - Revenues at Italian luxury group Tod's dropped 5% at constant exchange rates in the first nine months of 2019 as a weak domestic market and protracted turmoil in Hong Kong weighed on the shoemaker's efforts to reverse a trend of falling sales.Closely watched same-store sales fell by 4.7% in the period, signalling a small deterioration compared to the 4.5% drop in the first half of the year, the shoes and leather goods company said on Wednesday.Overall sales decreased to 678..