×
287
Fashion Jobs
NIKE
Information Security Risk Analyst (Grc) – Cis
Permanent · Bengaluru
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments (Jersey, Etc) For Garments Buying House, Noida
Permanent · Noida
ZEN TECHNO ENGINEERING PVT LTD.
Production Manager
Permanent · Pune
ADIDAS
Manager Buying & Planning Operations
Permanent · GURUGRAM
ADIDAS
Product Owner Data Foundations
Permanent · GURUGRAM
ADIDAS
Senior Product Owner
Permanent · GURUGRAM
ADIDAS
Product Owner
Permanent · GURUGRAM
CROCS
Associate Demand Planner
Permanent ·
CROCS
HR Manager
Permanent ·
BRIDGING TALENTS
Quality Control Manager ii Retail Fashion Brand ii Jaipur / Bangalore
Permanent · Bengaluru
ALLEGIS GROUP
Opening For Sales Manager - Chennai & Kolkata
Permanent · Chennai
IDFC FIRST BANK
Opening For Area Sales Manager - Corporate Salary Mumbai
Permanent · Mumbai
TAKSHAKA INTERIORS
Req. Production Manager/Executive -Wood Furniture
Permanent · Gurugram
TATA AUTOCOMP
Opening For Production Head at Chinchwad Plant
Permanent · Pune
SKYNET OUTSOURCING SERVICES
Production Manager Api Industries-Bharuch,Ankelshwar Location
Permanent · Bharuch
THE BANYAN HR CONSULTS
Regional Sales Manager For Women's Wear Garments CO For Delhi & Ncr
Permanent · National Capital Region
PEOPLE ALLIANCE WORKFORCE
Quality Manager / Quality Head - Garments Manufacturing Company
Permanent · National Capital Region
NIKE
Senior Technical Product Manager, ed&a – Tpmo
Permanent · Bengaluru
RANDSTAD
Area Sales Manager
Permanent · Gurugram
3F INDUSTRIES
Technologist/Production Manager For Our Amino Acid Plant
Permanent · Chennai
3F INDUSTRIES
Chemical Technologist/Production Manager For Our (Cbg) Plant
Permanent · Chennai
NEWGEN
Sales Manager (South India)
Permanent · Chennai
Published
Mar 23, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Esprit profit warning comes as store traffic "subsides"

Published
Mar 23, 2020

Struggling Hong Kong-listed retailer Esprit has issued a profit warning on the back of the COVID-19 outbreak.


Esprit


It said this week that measures implemented in a number of countries around the world have resulted in the closure of a significant number of stores, especially impacting its business in Europe.

It said "apparel retail sentiment is at its lowest level possible and store traffic in the group’s retail stores and its partners’ points of sale has subsided entirely".

And unlike some retailers that have said their supply chains haven't been too badly affected so far, it added that "the logistics of the supply chains of merchandise shipments are significantly affected”.

It now expects the pandemic to "significantly adversely impact" its sales in the second half of the financial year that ends on June 30. As a result, it also expects to incur "a considerable loss" in the half. However, it couldn't say exactly what that loss would be given the current uncertainty.

It's slightly worrying as well that, unlike many others in a similar situation, it didn't include a statement about how confident it feels for the group's prospects longer term. But that's perhaps no surprise given that it has been struggling for some time with a turnaround that has proved elusive so far.

In the year to June 30 2019, its results were better than expected, but it still made a net loss of HK$2.14bn (£219m/€248m/US$274m). Revenue was higher than analysts had predicted but still came in at a year-on-year drop to HK$12.9bn from HK$15.4bn.

Copyright © 2023 FashionNetwork.com All rights reserved.