×
350
Fashion Jobs
NIKE
India Logistics Partner Management Manager
Permanent · Bengaluru
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Jharkhand All District)
Permanent · Chatra
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager /Sales Manager (up)
Permanent · Mirzapur
FINO PAYMENTS BANK
Territory Sales Manager - Merchant & Distributor Onboarding - wb
Permanent · Cooch Behar
SUGUNA FOODS PRIVATE LIMITED
Area Sales Manager-Animal Health Products Sales (Bangalore)
Permanent · Bengaluru
MUTHOOT FINCORP LTD
Area Manager - Chennai
Permanent · Chennai
SUGUNA FOODS PRIVATE LIMITED
Area Sales Manager-Animal Health Products Sales (Bangalore)
Permanent · Bengaluru
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Bihar)
Permanent · Katihar
ZASHED FASHIONTECH PVT. LTD.
Head of Sourcing
Permanent · NEW DELHI
ZASHED FASHIONTECH PVT. LTD.
Head of Production & Merchandising
Permanent · NEW DELHI
SUHANIPITTIE
Assistant Marketing Manager
Permanent · HYDERABAD
VIJAY SYSTEMS ENGINEERS PVT LTD ( UMBERGOAN)
Production Manager
Permanent · Vapi
VIDVAS HR SOLUTIONS PRIVATE LIMITED
sr Manager - Production . Only Leather Bags Exp - Chennai
Permanent · Chennai
SHREE SADGURU MASALA & SPICES IND PVT LTD
Regional Sales Manager
Permanent · Navi Mumbai
MAGNATEK ENTERPRISES
Looking For Area Sales Manager
Permanent · Chennai
BANDHAN LIFE SCIENCE PRIVATE LIMITED
Area Sales Manager
Permanent · Kolkata
WINGS PHARMACEUTICALS
Area Sales Manager - Generic Division
Permanent · Ludhiana
FIRST SOLUTION
Agency Development Manager/Recruitment Development Manager(Insurance)
Permanent · Pune
NCL INDUSTRIES LIMITED (BISON PANEL)
Area Sales Manager - Hyderabad (Boards Division)
Permanent · Hyderabad
LN GLOBAL CAREER SERVICES LLP
Required Regional Sales Manager For Pharmaceutical Company
Permanent · Chennai
LN GLOBAL CAREER SERVICES LLP
Required Zonal Sales Manager For Pharmaceutical Company
Permanent · Chennai
LEVI'S
Group Product Manager
Permanent · Bengaluru
By
Reuters
Published
May 16, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Geox sales dive 11%, gives cautious revenue outlook amid store revamp

By
Reuters
Published
May 16, 2018

Italian shoemaker Geox gave a cautious outlook for full year revenue after a steep first quarter sales drop due to a retail overhaul, lower discounted sales and poor weather.

Geox's first-quarter sales fell 11.2 percent to 264.5 million euros ($314 million) - Geox


While confirming that it expected profitability to grow for the full year, Geox said on Tuesday that a certain degree of prudence for revenue forecasts would be required.

Geox also said that its retail overhaul at directly-operated stores was ‘substantially’ completed but it was still working to to rationalise third-party outlets.

The company, which earlier this year appointed former top Gucci executive Matteo Mascazzini to replace Gregorio Borgo as its chief executive, said first-quarter sales fell 11.2 percent to 264.5 million euros ($314 million).

But Geox said that its performance in April and May was recovering as the weather improved, with like-for-like sales for directly-operated stores showing ‘strong’ improvements.

Geox chairman and founder Mario Moretti Polegato said that poor weather conditions contributed to lower footfall and sales as well as slowing down order shipping.

Lower discounted sales were due to the decision to reduce stock levels for the winter season in order to protect margin performance and support cash generation, Polegato said.

© Thomson Reuters 2021 All rights reserved.