298
Fashion Jobs
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
L'OREAL GROUP
Retail And Education Manager
Permanent · HONG KONG
TORY BURCH
Senior Manager, Retail Training, Asia
Permanent · HONG KONG
By
Reuters API
Published
May 5, 2023
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Adidas optimistic as Q1 sales beat expectations

By
Reuters API
Published
May 5, 2023

Adidas' first quarter was better than expected, the company said on Friday, with sales down 1% compared to the same period last year, as investors hope for the German sportswear giant to turn its fortunes around.



Analysts were expecting a 4% decline in sales compared to the first quarter of 2022, according to consensus estimates compiled by the group.

Adidas reported a modest operating profit of €60 million and a gross margin down to 44.8% as higher supply chain costs and increased discounting weighed on results. Analysts had expected a profit of around €15 million.

Adidas, which last year ended a lucrative partnership with US rapper Kanye West, who now goes by the name Ye West, has not said what it plans to do with its stock of unsold Yeezy shoes.

The discontinuation of the Yeezy business weighed on sales in the quarter by about 400 million euros, Adidas said, mainly in the North America, Greater China and EMEA regions.

"The decline in lifestyle and the loss of Yeezy is of course hurting us," said chief executive Bjorn Gulden, who said he was optimistic for the rest of the year.



 

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