×
14 185
Fashion Jobs
NORDSTROM
Asset Prevention Security Ambassador Downtown Seattle
Permanent · Seattle
NORDSTROM INC
Business Intelligence Analyst - Merchandise Operations
Permanent · Seattle
NORDSTROM INC
District Loss Prevention Manager, ny
Permanent · New York
ROSS STORES
Store Protection Specialist
Permanent · La Habra
L BRANDS
Asset Protection Officer, Morse rd (2nd Shift 3pm - 11pm)
Permanent · Columbus
BATH & BODY WORKS
sr. Manager, Carrier Strategy
Permanent · Columbus
VICTORIA'S SECRET
Brand Operations Manager-Crystal Mall
Permanent · Waterford
L BRANDS
Asset Protection Officer, Morse Crossing - 3rd Shift (11pm-7am)
Permanent · Columbus
VICTORIA'S SECRET
Brand Operations Manager-Coconut Point
Permanent · Estero
BATH & BODY WORKS
District Manager - Bath & Body Works - North Austin - Austin, tx
Permanent · Waco
VICTORIA'S SECRET
Brand Operations Manager-Valley West
Permanent · West Des Moines
L BRANDS
Asset Protection Officer, Broad st -1st Shift 7am-3pm
Permanent · Reynoldsburg
L BRANDS
Asset Protection Officer, New York City
Permanent · New York
BATH & BODY WORKS
Senior HR Generalist - Home Office
Permanent · Reynoldsburg
VICTORIA'S SECRET
Brand Operations Manager-White Marsh
Permanent · Baltimore
VICTORIA'S SECRET
Asset Protection Investigator, Victoria's Secret (Southland Mall - Hayward, ca)
Permanent · Sacramento
PINK
Brand Operations Manager-Solano
Permanent · Fairfield
VICTORIA'S SECRET
Product Owner
Permanent · Reynoldsburg
ESTÉE LAUDER COMPANIES
Manager, Creative Operations, Creative Content Hub, North America
Permanent · New York
ESTÉE LAUDER
Director, Ecommerce, North America - dr.Jart+
Permanent · New York
JCPENNEY
Product Manager - Site Management Tools & Cms
Permanent · Plano
JCPENNEY
Financial Planning Senior Analyst - Stores Finance
Permanent · Plano
By
AFP
Translated by
Nicola Mira
Published
Sep 16, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ferragamo posts net loss in H1, reports sales rise in China since July

By
AFP
Translated by
Nicola Mira
Published
Sep 16, 2020

Italian luxury label Salvatore Ferragamo recorded a net loss of €86 million in H1 due to the Covid-19 pandemic, but has reported that there has been a sharp rise in sales in China since July.


Perfumes by Ferragamo


Ferragamo’s H1 revenue fell by 46.6%, down to €377 million, with a 60.1% shortfall in Q2, as the label stated in a press release published on Tuesday. The decline was caused by the worldwide lockdown measures introduced in response to the pandemic, which led to the closure of a number of Ferragamo stores, and to a halt in international connections and tourism.

Given the uncertainty still surrounding the pandemic's evolution, Ferragamo has not published any forecast for this year. However, it indicated that, in the months of July and August, business recovered significantly in China, South Korea and online. Asia-Pacific still remains the group's main market, accounting for 44.3% of sales, though revenue fell by 39.9% on an annual basis in the region in H1. Sales declined in the EMEA region too (which accounts for 22.8% of the total), losing 51.7%, and they fell by 54.4% in North America, by 37.4% in Japan, and by 54.6% in Central and South America.

Ferragamo has been beset by brand positioning problems, and experienced two tough years in 2017 and 2018. Last year, it began to get back on track, though the pandemic put the brakes on its recovery.

On Tuesday, the group confirmed its medium and long-term objectives, saying it intends to “continue to strengthen Salvatore Ferragamo’s position among the luxury industry’s leaders.”

 

Copyright © 2021 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.