85 600
Fashion Jobs
SALLY BEAUTY CORPORATE
IT Director - Finance & HR
Permanent · DENTON
SALLY BEAUTY CORPORATE
Field Director of Loss Prevention & Store Safety
Permanent · DENTON
LEVI'S
Associate Manager, Retail Stores Communications
Permanent · SAN FRANCISCO
NEW BALANCE
Athlete & Product Services Manager
Permanent · BOSTON
NEW BALANCE
sr. Manager, Portfolio Management | Operations
Permanent · LAWRENCE
THE REALREAL
Field Sales Account Manager (Account Luxury Manager)
Permanent · NEW YORK
TREK
Service Manager
Permanent · CENTERVILLE
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 12 Hrs - Fashion Outlets Niagara Falls - Niagara Falls, NY
Permanent · NIAGARA FALLS
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20hrs - Tejon - Arvin, CA
Permanent · ARVIN
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20hrs - Tanger Outlet Center Midway - Rehoboth Beach, de
Permanent · REHOBOTH BEACH
AVEDA
Keyholder - Aveda - 25 Hrs - Kenwood - Cincinnati, OH
Permanent · CINCINNATI
MACY'S
Asset Protection Detective, FT Myers - Full Time
Permanent · FORT MYERS
MACY'S
Fulfillment Associate, Portland - Full Time (2550)
Permanent · PORTLAND
MACY'S
Asset Protection Detective, Roosevelt - Full Time
Permanent · PHILADELPHIA
MACY'S
Asset Protection Security Guard, Center City - Flex
Permanent · PHILADELPHIA
MACY'S
Asset Protection Security Guard, Center City - Part Time
Permanent · PHILADELPHIA
MACY'S
Asset Protection Detective, Market Place - Full Time
Permanent · CHAMPAIGN
MACY'S
Asset Protection Detective, Barton Creek Square Mall - Part Time
Permanent · AUSTIN
MOVADO GROUP
District Manager
Permanent ·
STAND OUT FOR GOOD
Brand Rep (Sales Associate)
Permanent · EAST RUTHERFORD
UNIVERSITY OF NORTH FLORIDA
Apex Accelerator Coordinator
Permanent · JACKSONVILLE
JCPENNEY
Asset Protection Associate - Patrick Henry Mall
Permanent · NEWPORT NEWS
By
Reuters
Published
May 18, 2009
Download
Download the article
Print
Text size

Esprit falls as recession hits core European markets

By
Reuters
Published
May 18, 2009

HONG KONG - Shares of Esprit (0330.HK), the world's No.6 fashion brand by market capitalization, fell more than 6.7 percent on concern over its earnings outlook amid a recession in its core markets in Europe, in particular Germany, which constitutes half of its revenue.


Esprit Spring 2009

The stock fell HK$3.30 to as low as HK$45.60 with 1.66 million shares changing hands. The stock steadied at HK$46 at 0243 GMT, still down 5.9 percent from its previous close.

Germany's gross domestic product (GDP) dropped 3.8 percent in the first quarter of 2009, a record contraction that exposed the country's export-dependent economy as one of the weak links in the 16-nation bloc that shares the euro currency.

Esprit's Asian markets were also hit. Hong Kong posted a deepening recession with the economy shrinking 4.3 percent in the first quarter from the previous quarter.

Banc of America Securities-Merrill Lynch said in a research note that it had lowered Esprit's rating to "underperform" from "buy" because of reduced confident that its business would recover in the next 12 months.

(US$1=HK$7.75)

(Reporting by Donny Kwok; editing by Chris Lewis)

© Thomson Reuters 2024 All rights reserved.