Shoemaker Geox cuts full-year sales outlook, wholesale weighs on Q1 figures
By Reuters API Published May 14, 2024 Italian shoemaker Geox cut its full-year sales growth outlook on Tuesday, citing inflationary pressures as it reported a double-digit yearly drop in first-quarter revenues due to weakness in its wholesale channel. Reuters The maker of breathable, waterproof footwear now expects 2024 revenue to drop by a mid-single-digit percentage [...]read moreShoemaker Geox cuts full-year sales outlook, wholesale weighs on Q1 figures