87 163
Fashion Jobs
ECCO
Third Keyholder
Permanent · ELIZABETH
ECCO
Third Keyholder
Permanent · LAS VEGAS
ECCO
Sales Manager - National Accounts (Remote)
Permanent · LONDONDERRY
ECCO
Third Keyholder
Permanent · ROSEMONT
LULULEMON
Community Specialist | Summit, Springfield Ave
Permanent · SUMMIT
LULULEMON
Expeditor | Cherry Creek
Permanent · DENVER
LULULEMON
Community Specialist | Friendly Center
Permanent · GREENSBORO
NORDSTROM
Customer Service Representative - Hillsdale Shopping Center
Permanent · SAN MATEO
NORDSTROM
Retail Stock - Mercer Mall Rack
Permanent · LAWRENCE TOWNSHIP
NORDSTROM
Manager- Service Experience- Baton Rouge Mall Rack
Permanent · BATON ROUGE
NORDSTROM
Retail Stock - Sugar House Rack
Permanent · SALT LAKE CITY
NORDSTROM
Asset Protection - Agent - Aventura
Permanent · AVENTURA
NORDSTROM
Retail Stock - Northwoods Rack
Permanent · SAN ANTONIO
NEIMAN MARCUS
Business Manager Tom Ford, Beauty (PT, 35 Hours) - FT. Worth
Permanent · FORT WORTH
NEIMAN MARCUS
Sales Manager, Designer Rtw
Permanent · CORAL GABLES
NEIMAN MARCUS
Sales Professional, Beauty
Permanent · NEW YORK
TIFFANY & CO
Manager, HR Business Partner
Permanent · NEW YORK
URBN
Security Officer (Monday-Thursday; Overnight Shift)
Permanent · LEVITTOWN
AMERICAN EAGLE OUTFITTERS
ae - Market Visual Leader - us
Permanent · MCLEAN
CROCS
Supervisor, Distribution Center - 1st Shift
Permanent · LAS VEGAS
NEWELL
Associate Brand Manager, Coleman
Permanent · ATLANTA
NEWELL
Senior Director, Analytics
Permanent · HOBOKEN
Published
Dec 17, 2019
Reading time
2 minutes
Download
Download the article
Print
Text size

Multi-brand owner Unilever lowers sales guidance

Published
Dec 17, 2019

Even the strongest, most diversified businesses are feeling the heat at the moment and on Tuesday Anglo-Dutch consumer products giant Unilever downgraded its sales guidance.


Unilever/Dove



The owner of the Dove, Hourglass, Lynx, Dermalogica, Toni & Guy and more brands wasn't reacting to tough conditions in its domestic UK market, but tougher times elsewhere. 

The company said that it has seen challenges in the latest quarter in some markets, including the economic slowdown in South Asia, which is one of its largest business regions. In addition to this, trading conditions in West Africa have been difficult.

That might have been okay, but it seems that the trading environment in the developed markets where it’s also strong continue to be challenging and it said that while there are early signs of improving performance in North America, a full recovery there will take time.

So what does this mean in terms of its sales? The company said that it now expects underlying sales growth for 2019 to be “slightly below its guidance of the lower half of its 3% to 5% multi-year range”.

That didn't exactly give us much detail and we don't know what exactly ‘slightly below’ means. We also don't know which areas of the company's business are suffering in particular, or whether it's all areas equally. The group makes a very broad range of products including food and drink, household items and beauty/personal care. This latter category is its biggest operating division and so we have to assume that it will be feeling some of the pain.

CEO Alan Jope said: "Due to challenges in certain markets, we expect a slight miss to our full-year underlying sales growth delivery. Looking ahead to 2020, growth will be second-half-weighted. While we expect improvement in H1 2020 versus this quarter, we expect that first-half growth will be below 3%. Our full-year underlying sales growth is expected to be in the lower half of the multi-year range. Growth remains our top priority and we are confident we have the right strategy and investment in place to step up our performance."

Copyright © 2024 FashionNetwork.com All rights reserved.