×
51 771
Fashion Jobs
SUNDANCE
Buyer, Market Apparel
Permanent · SALT LAKE CITY
ADIDAS
Senior Manager Buying (Concept Stores)
Permanent · Portland
NEW BALANCE
Loss Prevention Officer (Day Shift)
Permanent · Skowhegan
L'OREAL GROUP
Mgr/sr Manager-Demand Planner
Permanent · Newport Beach
L'OREAL GROUP
Kiehl's Since 1851 - Director of Ecommerce
Permanent · New York
L'OREAL GROUP
Salon Business Partner (Saloncentric) - Troy, mi
Permanent · Troy
ABERCROMBIE AND FITCH CO.
Asset Protection Investigator
Permanent · Concord
OLD NAVY
Asset Protection Lead - Outlts @ Little Rock
Permanent · Little Rock
OLD NAVY
Assistant General Manager, Merchandising - Northcross
Permanent · Huntersville
OLD NAVY
External Asset Protection Lead - Franklin Park
Permanent · Toledo
OLD NAVY
General Manager - Four Flaggs
Permanent · Niles
OLD NAVY
Assistant General Manager, Merchandising - Crossings of Decatur
Permanent · Decatur
OLD NAVY
Assistant General Manager - Festival Mkt@Dogwood
Permanent · Flowood
OLD NAVY
General Manager - Barrow Crossing
Permanent · Bethlehem
OLD NAVY
Asset Protection Service Representative -Sports Arena Plaza
Permanent · San Diego
OLD NAVY
Buyer, Girl's, Outlet
Permanent · San Francisco
OLD NAVY
Asset Protection Agent - Fulton Street
Permanent · New York
OLD NAVY
General Manager - Franklin Park
Permanent · Spokane
OLD NAVY
Assistant General Manager, Merchandising - Brickyard Square (New Store)
Permanent · Epping
OLD NAVY
Assistant General Manager - Eagan Promenade
Permanent · Eagan
OLD NAVY
General Manager - Conyers Crossroads
Permanent · Conyers
OLD NAVY
Asset Protection Manager - Utah
Permanent · Salt Lake City
By
Reuters
Published
Mar 10, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ferragamo faces 'perfect storm' as coronavirus spreads

By
Reuters
Published
Mar 10, 2020

Italian luxury group Salvatore Ferragamo said first-quarter revenues could fall by up to one third due to the spreading coronavirus outbreak, and said it was impossible at this stage to evaluate the full impact of the health crisis.

Salvatore Ferragamo


Ferragamo said it was postponing some product launches, limiting investments to essential projects, cancelling some orders from suppliers and keeping a lid on costs to deal with what its executives called an “unbelievable” situation.

“This is a perfect storm, it’s very hard to make any kind of predictions in terms of duration, magnitude and impact,” Chief Executive Micaela Le Divelec Lemmi told analysts after the group reported a 4.3% drop in core profits for 2019.

She said that the virus emergency was affecting “all markets, all geographies, all sectors,” adding that all luxury groups were grappling with the uncertainty.

Chief Financial Officer Alessandro Corsi said that as things stood the company expected sales in the first three months of 2020 to have fallen by between one fourth and one third when compared with last year’s revenues.

© Thomson Reuters 2021 All rights reserved.