Italy luxury shoes and leather products group Tod 's sales grew by 1.5% in the first quarter.

Chairman and CEO Diego DellaValle Confidence in this year's performance. He said that despite the challenges faced by the economic and monetary environment, sales of luxury goods in some important markets continued to be weak, some areas were affected by bad weather and dislike delivery, and their performance was not satisfactory, but the group made significant progress in the current quarter.

　　 Short term profit For the time being, investment has been negatively affected, but in the medium term, the group is confident of recovery or even improvement.

Under the multi brand management mode, the group is expected to become Shoe brand Leading sheep develop better in leather products.

The launch of the new bag has received a good response. It is expected that this year's leather products will show a higher level of performance.

The group will pay special attention to further expand the US market.

The group continued to focus on cost control and achieved good results in store sales. The proportion of sales in direct outlets continued to grow.

Its brand RogerVivier is remarkable, and has achieved good results in all regions except the Greater China region.

Sales in the Greater China region amounted to 53 million 900 thousand euros, accounting for 20.9% of the total sales revenue. The mainland market accounted for nearly half of the Greater China region, and sales increased significantly in the current quarter. However, Hongkong and Macao continued to be weak, with both passenger and consumer spending plummeting.

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From the point of view of sales revenue, the Asia Pacific region is still the leading market of the group, an increase of 11% over the same period last year. The retail channel in China has made a significant contribution. According to the actual exchange rate, the sales growth rate is 22%, and the fixed exchange rate is 9%.

The group retail network includes 375 direct outlets, and wholesale and tourist retail outlets include 262 third party stores, department stores and high-end multi brand stores.