Tod's clothing sales are suffering

Like other luxury brands, Tod's clothing sales are suffering more than accessories, with revenue for the category down 5%.

Tod's high-end shoe brand Roger Vivier didn't manage to offset losses at the Hogan brand, which is highly exposed to the Italian market and therefore more subject to a weaker economic environment.

Tod's Chairman Diego Della Valle said that the company is confident about the second half of the year "on the back of the positive feedback received by our winter collections.