×
61 209
Fashion Jobs
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Danbury
ULTA BEAUTY, INC.
co - Sales Manager
Permanent · Pensacola
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Houston
ULTA BEAUTY, INC.
General Manager
Permanent · Annapolis
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Old Orchard - Part Time
Permanent · Skokie
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Glendale - Part Time
Permanent · Glendale
BLOOMINGDALE'S
Outlet Keyholder Selling, Livermore - Full Time
Permanent · Livermore
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Newport Beach - Full Time
Permanent · Newport Beach
ESTÉE LAUDER
Director, Technical Consumer Design
Permanent · Melville
ESTÉE LAUDER
Business Intelligence & Analytics Lead
Permanent · Melville
ESTÉE LAUDER
Finance Manager, Selling, North America
Permanent · New York
ESTÉE LAUDER
Retail Beauty Sales Manager - Clinique - 40 Hours - Columbus, oh
Permanent · Columbus
ESTÉE LAUDER
Keyholder - Cosmetics Company Store - 20 Hours - Tanger Outlets Southaven - Southaven, ms
Permanent · Southaven
TAPESTRY
Design Director, Concept
Permanent · New York
TAPESTRY
Product Manager
Permanent · New York
TAPESTRY
Manager, Legal Affairs
Permanent · New York
TAPESTRY
Project Manager, Store Construction
Permanent · New York
ROSS STORES
Store Protection Specialist
Permanent · Apopka
BANANA REPUBLIC
General Manager - San Francisco Centre
Permanent · San Francisco
LULULEMON
Store Business Lead | Shops at la Cantera
Permanent · San Antonio
LEVI'S
Manager, Ecommerce Fraud & Payment
Permanent · San Francisco
SALLY BEAUTY CORPORATE
Warehouse Supervisor
Permanent · Justin
By
Reuters
Published
Feb 9, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Handbag maker Longchamp bucks luxury goods slowdown

By
Reuters
Published
Feb 9, 2016

French handbag maker Longchamp enjoyed improved sales growth last year, bucking a slowdown in the luxury goods industry.

Family-controlled Longchamp, known for its best-selling Pliage bags, said on Tuesday revenue rose last year by 10 percent at constant currencies to 566 million euros (438 million pounds), up from 8 percent growth in 2014.

Longchamp


Longchamp's performance comes as sales growth has slowed in the luxury goods sector, hit by weaker demand in China and low oil prices reducing Russia and Middle Eastern purchasing power.

Rival Kate Spade saw its same-store sales rise strongly last year, while Coach's fortunes have been improving.

Longchamp said its sales growth benefited from new stores in Asia and solid demand in Europe, with the Chinese now its second-biggest customers behind the French.

Longchamp, which opened three stores in mainland China bringing the total number to 25, said sales there had risen 30 percent at constant currencies, a growth level reminiscent of what many luxury brands enjoyed in China five years ago.

Longchamp said sales fell in Paris around 20 percent in November and December after the attacks on the French capital and it expected it would take at least a few months for tourists to return after some cancelled trips.

"In Paris, we are still not back to the levels we saw before the attacks," Longchamp Chief Executive Jean Cassegrain told Reuters in an interview.

Cassegrain said he was not too concerned about the company's sales globally, as although Paris was its number one city in terms of revenue, shoppers would visit its outlets in places like Amsterdam or Tokyo instead.

This year, he said the brand expected the same level of sales growth as in 2015.

$1 = 0.8962 euros

 

© Thomson Reuters 2021 All rights reserved.