The shoe and clothes distributor Gino Rossi had PLN 174.4m (EUR 49.5m) of sales in 2007 against PLN 117.4m a year earlier. Its net income amounted to PLN 7.6m against PLN 6.5m. In December, the management cut the net income forecast from PLN 12.5m to PLN 7.5m leaving the sales forecast of PLN 170m unchanged.
“Last year’s collection of Gino Rossi shoes turned out to be too modern. The Poles prefer to buy traditional shoes”, Maciej Fedorowicz, Gino Rossi CEO explained.
The company has 132 outlets in Poland and 29 ones abroad (in Germany, Russia, Lithuania, Latvia, Ukraine, the Czech Republic, Hungary and Georgia). The company offers Gino Rossi, Geox and Vanita shoes, women’s clothes Simple and men’s clothes under the brand Cosimo Martinelli.
(PLN 1 = EUR 0.284)