×
171
Fashion Jobs
REFLECTOSAFE
Area Sales Manager - Delhi
Permanent · National Capital Region
R AND R SALONS PRIVATE LIMITED
Requirement of Area Manager
Permanent · Bengaluru
REFLECTOSAFE
Area Sales Manager - Chennai
Permanent · Chennai
AQUAGENICS RESEARCH & DEVELOPMENT INDIA PVT. LTD.
Area Sales Manager
Permanent · Pune
MUTHOOT FINCORP
Area Manager
Permanent · Tiruchirappalli
INFINIX
National Sales Manager
Permanent · MUMBAI
1MG
Sales Manager - Diagnostics
Permanent · National Capital Region
DODLA DAIRY LIMITED
Area Sales Manager -Salem
Permanent · Salem
HALONIX TECHNOLOGIES PVT LTD
Area Sales Manager - Fans & Lighting / Retail Sales
Permanent · Ludhiana
BASIC ENTERPRISES PVT LTD
Area Sales Manager
Permanent · Mumbai
ZEE LABORATORIES LIMITED
Area Sales Manager / Regional Sales Manager
Permanent · Bhopal
CROSS COUNTRY INFOTECH
Production Manager
Permanent · Jodhpur
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
RELIABLE CLOTHING PVT. LTD
Production Manager - Garment Manufacturing Export House
Permanent · Mumbai
KAZO FASHION PRIVATE LIMITED
Garment Technician
Permanent · Noida
UMANO HEALTHCARE PRIVATE LIMITED
Regional Sales Manager / Area Sales Manager- (Pharma Sales) mp
Permanent · Bhopal
OLIVE GREEN CONSULTING LLP
Urgently Looking For Production Manager - Gurgaon
Permanent · Gurugram
MAGICBRICKS
Area Sales Manager
Permanent · Thane
KENT RO SYSTEMS
Corporate Sales Manager
Permanent · Chennai
RELAXO
Area Sales Manager
Permanent · Bargarh
OUTHOUSE JEWELLERY
E-Commerce Manager
Permanent · NOIDA
TOUCH MOBILES
Wanted Area Sales Manager - Touch Mobiles
Permanent · Khammam
By
Reuters
Published
Oct 22, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Kering luxury brands recover from virus hit, though Gucci lags

By
Reuters
Published
Oct 22, 2020

French luxury group Kering confirmed a broad recovery in sales of high-end goods in the third quarter as Asian and U.S. demand helped revenues improve, though its star Gucci brand underperformed rivals.


Gucci - Fall-Winter2020 - Womenswear - Milan - © PixelFormula



Kering, which also owns Saint Laurent, beat market expectations as its comparable sales were nearly unchanged in the third quarter from a year earlier.

Like-for-like sales, which strip out the impact of foreign exchange and acquisitions, dropped by 1.2% in the three months to September, compared with analyst forecasts for an 8% to 13% fall, and after plummeting nearly 44% in the previous quarter.

Like rivals including Birkin-handbag maker Hermes and Louis Vuitton owner LVMH, Kering was hit hard by store closures during lockdowns to combat the coronavirus pandemic.

Gradual re-openings and the easing of lockdowns during the summer helped sales pick up, even though new restrictions are now being imposed across Europe to contain a spike in contagion numbers.

Kering struck a cautious note about the coming months, with Financial Chief Jean-Marc Duplaix saying the outlook remained extremely uncertain.

He added that Gucci had done well in Asia and the United States but had still been penalised by global travel restrictions.
“Gucci has perhaps suffered more than others from the lack of tourist flows,” Duplaix told reporters.

Comparable sales at Gucci, one of the fastest-growing luxury brands of recent years, fell by 8.9% in the period, while all of the group’s other fashion labels grew. Bottega Veneta had a particularly strong performance with sales rising 21%.

© Thomson Reuters 2022 All rights reserved.