×
93 012
Fashion Jobs
BOARDRIDERS
Stock Supervisor - Part-Time - Jersey Gardens
Permanent · LAKE FOREST
COLUMBIA SPORTSWEAR COMPANY
Information Security Risk And Compliance Analyst
Permanent · SALEM
COLUMBIA SPORTSWEAR COMPANY
sr Manager Digital Product Management- Product Creation Technology
Permanent · PORTLAND
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time - ny 59th st
Permanent · New York
REISS
Area Manager
Permanent ·
MACY'S
Asset Protection Detective, Francis Scott Key - Standard Part Time
Permanent · Frederick
MACY'S
Asset Protection Detective, Willowbrook - Flex
Permanent · Wayne
MACY'S
Asset Protection Officer, West Virginia - Full Time (2840)
Permanent · Martinsburg
MACY'S
Asset Protection Detective, Walnut Creek Broadway Plaza - Flex
Permanent · Walnut Creek
MACY'S
Asset Protection Officer, West Virginia - Part Time (2840)
Permanent · Martinsburg
MACY'S
Asset Protection Detective, Del Amo Fashion Center - Full Time
Permanent · Torrance
MACY'S
Asset Protection Detective, Tuttle Crossing - Standard Part Time
Permanent · Dublin
TIFFANY & CO
Full Time Branch Security Officer - Cincinnati
Permanent · Cincinnati
TIFFANY & CO
Market Vice President, Mid-Atlantic & Central Market
Permanent · Chicago
PUMA
Associate Manager, Merchandising- Footwear
Permanent · Somerville
PUMA
Senior Manager, Public Relations
Permanent · Somerville
PUMA
Manager, Public Relations
Permanent · Somerville
ASCENA
District Manager, Lane Bryant - Philadelphia
Permanent · Exton
ASCENA
Sales Supervisor- Short Hills, nj
Permanent · Millburn
NORDSTROM
HR Business Partner, Supply Chain - Newark, ca - Hybrid
Permanent · Newark
NORDSTROM
Retail Stock & Fulfillment - Spokane
Permanent · Spokane
NORDSTROM
Asset Protection - Agent - The Shops at Midtown Miami Rack
Permanent · Miami
By
Reuters
Published
Oct 22, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Swatch Group won't renew Calvin Klein licence agreement

By
Reuters
Published
Oct 22, 2019

Swiss watchmaker Swatch Group will no longer make watches and jewellery under the Calvin Klein brand, reducing its exposure to a price segment that is under pressure from smartwatches and other fashion watches.


Calvin Klein


The group, which also makes high-end Omega and cheaper plastic Swatch watches, said in a statement on Tuesday it would not renew the collaboration with Calvin Klein when it expires “in the near future."

Vontobel analyst  René Weber attributed the decision to uncertainties in Calvin Klein Inc.’s management, adding that declining sales across the wider watch segment were also a factor.

Calvin Klein owner PVH Corp unveiled a restructuring plan in January that included the closure of the brand's Madison Avenue flagship in New York, in an attempts to reposition the label in the face of falling sales.

The US brand was until now the flagship brand o the Swatch Group in its fashion watch segment, with models retailing at around 136 to 282 euros. It's a segment that has seen strong competition, both from cheaply produced Chinese watch brands and from the rising smartwatch market, Weber added.

Weber said the decision would reduce group sales by about 2%, calculating the results of the Calvin Klein partnership for the group at 145 million euros in 2018, but said that the earnings contribution was likely zero due to the heavy competition.

Swatch Group shares were flat at 0957 GMT in line with the Swiss market.


Reuters with AFP

© Thomson Reuters 2022 All rights reserved.