Tuesday, 6 October 2009

Tod’s Shows More Signs Of Recovery – 6/10/09

Italy's Tod's rose as much as 3.5 percent to levels last reached in December 2007, after UBS upgraded the luxury shoe and bag maker to "buy" from "neutral", according to a Reuters article.

UBS says it sees potential benefits for Tod’s from increased store traffic and expects the negative sales trend of handbags to reverse next year.

The MO Down pegged Tod’s as showing signs of recovery in July (see our report: Tod’s Plays On Their Strengths In Shoes.)

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Who's behind the MO DOWN

Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury, www.moluxury.com.au