298
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
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
By
Reuters
Published
Jan 7, 2015
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Wet Seal lays off 3,700 as it closes 338 stores

By
Reuters
Published
Jan 7, 2015

Struggling apparel retailer Wet Seal Inc said it laid off about 3,700 full- and part-time employees on Wednesday as it went ahead with the closure of 338 stores.

The closures follow the failure to re-negotiate meaningful concessions from landlords, the company said.


The closed stores accounted for almost half of Wet Seal's net sales of about $317 million in the nine months to Nov. 1.

The company said it now expected to operate 173 stores.

The retailer, which caters largely to teenagers, said last month that it was exploring strategic and financial alternatives and could file for bankruptcy protection if it failed to meet immediate liquidity needs.

Wet Seal has reported falling year-on-year sales growth for the past five quarters.

The closures will result in pre-tax charges of $5.4 million-$6.4 million, Wet Seal said.

Many teen apparel retailers have been losing market share to fast-fashion brands such as H&M, Forever 21 and Inditex's Zara, which bring the latest styles from the runway to their stores within weeks.

Delia*s Inc and private-equity owned Deb Shops filed for Chapter 11 bankruptcy protection last month.

Online retailers such as Amazon.com Inc have also been eating into the market share of apparel retailers, by offering deeper discounts.

A year ago, Wet Seal had a total of 7,413 full- and part-time employees.
California-based Wet Seal's stock rose nearly 11 percent to 6 cents in early trading, having lost about 97.6 percent of its value in 2014.

1.00 USD=0.663241 GBP

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