×
74
Fashion Jobs
PUMA
Executive, Marketing
Permanent · Hong Kong
SHISEIDO
Senior Manager, Supply Chain Management
Permanent · Hong Kong
SHISEIDO
Manager - Marketing, Shiseido Fragrance Division And dg Beauty
Permanent · Hong Kong
AESOP
Regional Training & Performance Manager
Permanent · Hong Kong
AESOP
Assistant Marketing Manager, Brand Partnership
Permanent · Hong Kong
AESOP
Regional Customer And Store Experience Manager
Permanent · Hong Kong
AESOP
Retail Consultant | Hong Kong And Macau
Permanent · Central
SHISEIDO
Contract Accounting Officer, Finance And Accounts
Permanent · Hong Kong
SHISEIDO
Manager - Business Planning, Ipsa
Permanent · Hong Kong
SHISEIDO
Manager - Ecommerce & CRM, Nars
Permanent · Hong Kong
PUMA
Executive, Key Account - Partner Store
Permanent · Hong Kong
SHISEIDO
Accountant - Financial Planning & Analysis, Finance And Accounts
Permanent · Hong Kong
SHISEIDO
Assistant Manager/Senior Officer - Demand Planning, Ipsa
Permanent · Hong Kong
PUMA
Coordinator Sample Accessories
Permanent · Hong Kong
SHISEIDO
Assistant Manager - Inventory Planning, Supply Chain Management
Permanent · Hong Kong
PUMA
Developer Apparel
Permanent · Hong Kong
GUSTO LUXE (FORMERLY REUTER COMMUNICATIONS)
PR Intern
Internship · 香港
PUMA
Intern Projects & Analytics
Internship · Hong Kong
PUMA
Assistant Manager Business Process Solutions
Permanent · Hong Kong
PUMA
Assistant Accountant
Permanent · Hong Kong
AESOP
Regional fp&a Analyst, Asia
Permanent · Hong Kong
AESOP
Office Coordinator
Permanent · Hong Kong
By
Fibre2Fashion
Published
Aug 12, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Fossil Group sales jump 59% in Q2, raises FY21 outlook

By
Fibre2Fashion
Published
Aug 12, 2021

Fossil Group, the watches and lifestyle accessories specialist, has reported a 59 per cent sales acceleration to $410.9m in Q2 of FY21 ended on July 3, compared to $259m a year ago. The company has raised its FY21 outlook and expects sales to rise between 14 to 17 per cent.


Instagram: @fossil


“Our strong second quarter performance reflects solid operational execution across all channels and regions in a challenging consumer environment,” Kosta Kartsotis, chairman and CEO at Fossil Group, said in a press release. “We are encouraged by improving consumer demand in our largest markets and our core category of traditional watches.”
 
Digital sales for Q2 surged 10 per cent representing 41 per cent of total sales. Gross profit improved to $221.8 million (up from $140.6 million), while operating expenses were $207.5 million ($177.4 million). The net loss during the quarter reduced to $1.2 million ($22.5 million).

Sales from the Americas region jumped 67 per cent to $176.7 million ($105.8 million), and Europe sales expanded 56 per cent to $124.4 million ($79.5 million). Furthermore, sales from Asia during second quarter grew 50 per cent to $103.5 million ($69.2 million).
 
“Looking ahead we are pleased that our digital initiatives, brand-building efforts and ongoing transformation activities are positioning the business to deliver sustained sales and earnings growth over the long-term,” Kartsotis concluded in the release.

Copyright © 2022 Fibre2Fashion. All rights reserved.