×
42 687
Fashion Jobs
CLARKS
Assistant Wholesale Marketing Manager
Permanent · Waltham
ADIDAS
Manager Outbound Operations
Permanent · Spartanburg
ADIDAS
Senior Manager, Performance Marketing - Membership (Digital)
Permanent · Portland
ADIDAS
Logistics Manager
Permanent · Pittsburgh
ADIDAS
Technical Manager Maker Lab
Permanent · New York
GAP
Senior Producer- Digital Operations – International Promotions
Permanent · San Francisco
GAP
General Manager- Macarthur Park
Permanent · Irving
HUDSONS BAY COMPANY (HBC)
Analyst, Supply Chain
Permanent · Brampton
PUMA
Analyst, Business Intelligence - Consumer Insights
Permanent · Westford
L'OREAL GROUP
Buyer - (Purchasing/Procurement/Indirect Sourcing)
Permanent · Berkeley Heights
DESIGNER BRANDS
Director, Marketing Advanced Analytics
Permanent · Columbus
THE REALREAL
Sales Analyst, Business Strategy And Analytics
Permanent · San Francisco
THE REALREAL
Authentication And Brand Compliance Lead
Permanent · Perth Amboy
OLD NAVY
Assistant General Manager, Merchandising - Crossroads at Baileys
Permanent · Falls Church
COTY
E-Commerce Key Account Sales Manager
Permanent · New York
RALPH LAUREN
Ralph Lauren Stores - General Manager, Naples
Permanent · Naples
A & F
Brand Marketing Manager, Abercrombie & Fitch - Emea
Permanent · London
RAG & BONE
Sales Supervisor (Full-Time) - Brentwood
Permanent · Los Angeles
GIII APPAREL GROUP
Denim Design Director
Permanent · New York
ALICE AND OLIVIA
Sales Supervisor - Los Angeles
Permanent · Los Angeles
ALICE AND OLIVIA
Sales Supervisor - Boston
Permanent · Boston
TAPESTRY
Senior Planner, Global Merchandise Planning
Permanent · New York

Geox sales dive 11%, gives cautious revenue outlook amid store revamp

By
Reuters
Published
today May 16, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Italian shoemaker Geox gave a cautious outlook for full year revenue after a steep first quarter sales drop due to a retail overhaul, lower discounted sales and poor weather.

Geox's first-quarter sales fell 11.2 percent to 264.5 million euros ($314 million) - Geox


While confirming that it expected profitability to grow for the full year, Geox said on Tuesday that a certain degree of prudence for revenue forecasts would be required.

Geox also said that its retail overhaul at directly-operated stores was ‘substantially’ completed but it was still working to to rationalise third-party outlets.

The company, which earlier this year appointed former top Gucci executive Matteo Mascazzini to replace Gregorio Borgo as its chief executive, said first-quarter sales fell 11.2 percent to 264.5 million euros ($314 million).

But Geox said that its performance in April and May was recovering as the weather improved, with like-for-like sales for directly-operated stores showing ‘strong’ improvements.

Geox chairman and founder Mario Moretti Polegato said that poor weather conditions contributed to lower footfall and sales as well as slowing down order shipping.

Lower discounted sales were due to the decision to reduce stock levels for the winter season in order to protect margin performance and support cash generation, Polegato said.

© Thomson Reuters 2020 All rights reserved.