×
47 108
Fashion Jobs
OLD NAVY
General Manager - Jordan Landing
Permanent · West Jordan
OLD NAVY
Loss Prevention Agent, Multi-Unit - Outlet of Bluegrass
Permanent · Louisville
OLD NAVY
Loss Prevention Agent, Multi-Unit - Outlet of Bluegrass
Permanent · Simpsonville
OLD NAVY
Loss Prevention Agent, Multi-Unit - Outlet of Bluegrass
Permanent · Lexington
NORDSTROM INC
Asset Protection Agent Beverly Connection Rack
Permanent · Los Angeles
NORDSTROM INC
Asset Protection Agent Fig at 7th Rack
Permanent · Los Angeles
NORDSTROM INC
Loss Prevention Security Ambassador International Plaza
Permanent · Tampa
NORDSTROM INC
Asset Protection Agent Valencia Promenade Rack
Permanent · Santa Clarita
NORDSTROM
Asset Protection - Agent - Chicago Rosemont Fashion Outlets Rack
Permanent · Rosemont
NORDSTROM INC
Asset Protection Agent Grove at Farmer's Market
Permanent · Los Angeles
NORDSTROM
Security Ambassador - Houston Galleria
Permanent · Houston
NORDSTROM
Asset Protection - Agent - Village Square Rack
Permanent · Northbrook
NORDSTROM
Asset Protection - Agent - Harlem Irving Plaza Rack
Permanent · Norridge
NORDSTROM
Asset Protection - Agent - Kildeer Village Square Rack
Permanent · Kildeer
NORDSTROM
Asset Protection - Agent - Woodfield Rack
Permanent · Schaumburg
TJ MAXX
District Manager - Boston, ma
Permanent · Boston
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Laurel
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Gaithersburg
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Worcester
KOHLS
Full-Time Loss Prevention Officer
Permanent · South Bend
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Terre Haute
COTY
Assistant Brand Manager
Permanent · New York
By
Reuters
Published
Aug 28, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Steinhoff nine-month sales fall 6% as COVID-19 restrictions hit

By
Reuters
Published
Aug 28, 2020

South African retailer Steinhoff International Holdings on Friday reported a 6% decline in sales for the nine-months to June 30, due to COVID-19-related trading restrictions imposed worldwide.


Pep&Co



Steinhoff, which is also listed in Frankfurt, said sales from continuing operations for the period fell to 6.8 billion euros ($8.08 billion) from 7.2 billion euros in the same period the previous year.

The retailer said while almost all of its stores had reopened by the end of June, a significant amount of trade had been lost while they were closed.

“Since lockdown restrictions began to be lifted from early May, revenues are trending back to, and in some cases above, pre-COVID-19 levels,” the retailer said.

Its cash position from operations at the end of the period was better than what it had estimated at the beginning of the pandemic.

Sales at Pepkor Holdings, a majority-owned subsidiary based in South Africa, fell 10% while sales of furniture retailer Conforama and Greenlit Brands, a household goods retailer and manufacturer in Australia and New Zealand, declined 18% and 1% respectively.

Pepco Group, another subsidiary which owns British discount retailer Poundland, was the only retailer to lift sales by 2% as revenue recovered when restrictions were eased.

Steinhoff said Poundland continued to reduce its property costs by renegotiating 100 store leases during the period.


Plans to possibly list its Australian Fantastic Group retailer remain in the early stages, with no definitive decision taken yet, the retailer said.

In July the company proposed to pay around $1 billion to settle outstanding claims from shareholders who lost money when the company revealed holes in its accounts in 2017, totalling over 9 billion euros.

© Thomson Reuters 2021 All rights reserved.