328
Fashion Jobs
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · KWUN TONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
FRESH
Senior/Retail & Education Executive, tr Apac
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Repair Operations Specialist
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Specialist - Client Development
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Senior Specialist - Client Development
Permanent · HONG KONG
BENEFIT COSMETICS
Retail & Operations Manager
Permanent · HONG KONG
CHRISTIAN DIOR COUTURE
Logistics Officer - Sales Administration
Permanent · CAUSEWAY BAY
LORO PIANA
Client Development Manager
Permanent · HONG KONG
BOBBI BROWN COSMETICS
Senior Education Manager, Bobbi Brown, Apac
Permanent · HONG KONG
L'OREAL GROUP
Supply Chain Planner
Permanent · HONG KONG
ADIDAS
Director, Sustainable Sourcing - Chemical, Water & Waste Management
Permanent · HONG KONG
HYPEBEAST
Account Manager
Permanent · HONG KONG
HYPEBEAST
Brand Partnership Manager
Permanent · HONG KONG
HYPEBEAST
Accounting Officer
Permanent · HONG KONG
DR. MARTENS
(Assistant)Accounting Manager
Permanent · TSIM SHA TSUI
ABBOTT
Sales Representative
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
By
Reuters
Published
May 7, 2020
Download
Download the article
Print
Text size

Safilo sales slide due to coronavirus store lockdowns

By
Reuters
Published
May 7, 2020

​Italian spectacles maker Safilo reported a steep decline in first-quarter sales on Wednesday as the coronavirus prompted the temporary closure of most of its stores.


Safilo/Jimmy Choo


Sales in the first quarter were down 11.5% at constant currencies at 221.1 million euros ($239 million).

First-quarter adjusted earnings before tax, interest, depreciation and amortization margin shrunk to 2.6% from 8.1% a year ago.

The company warned that that the fall in sales in the current quarter would be worse than in the previous one due to the almost complete shutdown of its distribution channels.

Safilo also said that it expects the re-start in May and June as governments start lifting lockdown measures to be very gradual and patchy, contributing to lower sales for the quarter.

As people stayed at home to curb the spread of the virus, online sales grew by almost 25% at constant currencies in the first quarter, increasing to 6% of total sales from 4% a year ago.

Rival EssilorLuxottica also reported a slump in first-quarter sales on Tuesday and warned of an even bigger hit in the current quarter for the same reason.

© Thomson Reuters 2024 All rights reserved.