×
21 062
Fashion Jobs
NIKE
Technical Product Manager
Permanent · Beaverton
NIKE
Operations Manager, Whq/na Accounts Payable
Permanent · Beaverton
NIKE
Marketplace Operations Manager
Permanent · Beaverton
NIKE
Learning Manager, Digital & Multimedia Development
Permanent · Memphis
NIKE
Distribution Center Area Manager
Permanent · Lake Forest
BATH & BODY WORKS
Manager, Email Marketing
Permanent · Reynoldsburg
BATH & BODY WORKS
Recruiting Senior Manager
Permanent · Reynoldsburg
VICTORIA'S SECRET
Brand Operations Manager-White Oaks
Permanent · Springfield
ULTA BEAUTY, INC.
Salon Manager
Permanent · Chicago
ULTA BEAUTY, INC.
Product Lifecycle And Operations Process Manager
Permanent · Bolingbrook
CLINIQUE
Retail Beauty Training Manager - Clinique - Full-Time - Herald Square - New York, ny
Permanent · New York
ESTÉE LAUDER
Retail Beauty Sales Manager - Estee Lauder - 35 Hours - Galleria Mall - Houston, tx
Permanent · Houston
CONVERSE
Technical Product Manager, Supply And Demand Planning
Permanent · Boston
CONVERSE
Technical Product Manager, Global Sourcing And Manufacturing
Permanent · Boston
CONVERSE
Technical Product Manager, Finance
Permanent · Boston
H&M
Product Owner
Permanent · Secaucus
MAC
Executive Director, Digital Innovation & Design, Mac
Permanent · New York
SMASHBOX
Senior Manager, Ecommerce, North America, Sbx
Permanent · Culver City
ESTÉE LAUDER COMPANIES
Keyholder - Cosmetic Company Store - North Georgia Premium Outlets - Dawnsonville, ga
Permanent · Dawsonville
CLINIQUE
Retail Beauty Sales Coordinator - Clinique - 40 Hours - Arden Fair - Sacramento, ca
Permanent · Sacramento
CLINIQUE
Beauty Sales Manager - Clinique - 40 Hours - Rosedale - Roseville, mn
Permanent · Roseville
ALICE AND OLIVIA
Sales Supervisor - Manhasset, ny
Permanent · Manhasset

EssilorLuxottica sales slump on coronavirus hit, worst yet to come

By
Reuters API
Published
May 5, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Oakley and Ray-Ban maker EssilorLuxottica reported a slump in first-quarter sales on Tuesday and warned of an even bigger hit in the current quarter as the coronavirus outbreak prompted store closures.


Reuters



The eyewear company, which previously suspended its dividend and scrapped its 2020 outlook due to the pandemic, said revenue had declined further in April.

“Second-quarter revenue and profitability will still be negatively impacted by the crisis, and more severely so than in the first quarter,” it said.

The company’s first-quarter sales fell 10.1% from a year earlier to 3.78 billion euros ($4.12 billion).

EssilorLuxottica, which is both a manufacturer and a retailer with a vast shop network, confirmed it could propose a special dividend before the end of 2020 if the recovery after the end of the outbreak is solid.

The company, which makes eyewear for luxury brands such as Chanel, Prada, and Versace, said that sales of prescription glasses were more resilient than sunglasses in China in the first quarter.
Lockdowns aimed at curbing the spread of the virus are forcing people to stay at home, reducing demand for sunglasses.

“Worldwide needs for better vision are structural and likely to fuel pent-up demand when the crisis fades,” the company said.

The company, the result of a merger between French lens makes Essilor and Italian spectacles maker Luxottica, added that sales in China of prescription lenses returned to growth since the end of April as the country returns to normality.

Opticians group GrandVision, for which the company has made a 7.2 billion euro bid which prompted antitrust scrutiny, also reported a decline in first-quarter sales of 4.4% at constant currencies due to the virus.

The Dutch company added that it would revise its 2019 dividend proposal.

© Thomson Reuters 2020 All rights reserved.