×
73 918
Fashion Jobs
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · MIAMI
VF CORPORATION
The North Face: Public Relations Manager, Lifestyle And Influencer Marketing
Permanent · Denver
THE REALREAL
Loss Prevention Agent
Permanent · Secaucus
THE REALREAL
Loss Prevention Security Guard
Permanent · Secaucus
URBN
Urbn Information Security Engineer
Permanent · PHILADELPHIA
URBN
Terrain Visual Manager - Doylestown, PA - Opening Soon
Permanent · DOYLESTOWN
BATH & BODY WORKS
Senior Buyer, Ariba Technology Management
Permanent · COLUMBUS
GAP
General Manager- Main st- Freeport
Permanent · FREEPORT
OLD NAVY
Assistant General Manager, Customer Operations - Las Americas
Permanent · SAN DIEGO
PAUL SMITH
Visual Merchandising Manager
Permanent · NEW YORK
URBN
Nuuly Senior Associate, Growth Marketing - Paid Search
Permanent · PHILADELPHIA
SACK OFF 5TH
Asset Protection Investigator
Permanent · LAWRENCEVILLE
SACK OFF 5TH
Asset Protection Investigator
Permanent · SUNRISE
COLUMBIA
Associate Product Line Manager - Men's Sportswear
Permanent · PORTLAND
COLUMBIA SPORTSWEAR COMPANY
Information Security Risk And Compliance Analyst
Permanent · SALEM
CLARKS
Global Compliance Manager
Permanent · NEEDHAM
CLARKS
Visual Merchandising Manager
Permanent · NEEDHAM
GAP
General Manager - Upper Darby Gap Outlet
Permanent · UPPER DARBY
NORDSTROM
Retail Stock & Fulfillment - Thousand Oaks
Permanent · Thousand Oaks
NORDSTROM
Asset Protection - Agent - Valley Fair
Permanent · San Jose
NORDSTROM
Asset Protection - Security Ambassador l Street Rack
Permanent · Washington
NORDSTROM
Retail Sales - Kids' Apparel & Shoes - International Plaza
Permanent · Tampa
Translated by
Barbara Santamaria
Published
Nov 15, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Alpargatas revenue slides as sales fall globally

Translated by
Barbara Santamaria
Published
Nov 15, 2017

Net global sales of Brazilian group Alpargatas fell 3.3% in the third quarter. The owner of flip flop brand Havaianas said revenue reached 951.1m reais ($286m, 242.3m euros), as its performance weakened both in Brazil and abroad.


Havaianas


In Brazil, net revenues fell by 1.1% to 670m reais ($201m, 170.8m euros) compared with the third quarter of 2016, but the biggest fall was recorded in Argentina, where the brand saw revenues drop 11.3% to 172.2 million reais ($51.6m, 43.8m euros).

Meanwhile the Sandals International division, which is responsible for the brand’s international business (excluding Argentina), reported sales of 108.4m reais ($32m, 27.6m euros) for the three months between July and September, down 1.8% on the same period last year.

The results reveal the brand performed better in Brazil than in its international markets, repeating 2016’s trend when Alpargatas reported weak international sales and double-digit growth in Brazil.

The group, which announced its financial results this week, attributed the decline in sales in Argentina to the growing competition from global brands, which impacted Topper’s sales in the market.

In Brazil, Mizuno and Osklen sales increased during the third quarter, but the rise couldn’t offset the poor performance of its sandals division. However, the group said its gross margin grew in its domestic market as a result of increased Mizuno profitability and Havaianas’ cost cutting plan.

Alpargatas’ international division reported lower volumes and a decrease in revenue in both dollar and euros.
EBITDA also fell 14.9% in the third quarter, and consolidated net income totalled 71.3m reais ($21m, 18m euros), down 15% on the previous year.

Net revenues for the nine months of 2017 reached 2.61bn reais ($786m, 667.2m euros), falling 12.4% compared with the same period in 2016.

Copyright © 2023 FashionNetwork.com All rights reserved.