×
313
Fashion Jobs
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments-Woven/Knits For Garments Buying House, Noida
Permanent · Noida
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
By
Reuters API
Published
Aug 3, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

L'Oréal sales fall is worse than expected, travel retail suffers

By
Reuters API
Published
Aug 3, 2020

Sales at Maybelline maker L’Oréal fell more sharply than expected in the second quarter, though the French beauty giant managed to contain any major profit erosion as the COVID-19 pandemic forced stores to close.


Lancôme



The company, which also makes luxury brand Lancôme and make-up and perfumes for labels like Armani, sounded a more optimistic note for the second half of the year, saying it was planning product launches and was determined to “find again the path to growth”.

In China, its biggest market, and where lockdown measures were eased several months ago, comparable revenue was up 30% in the April to June period, it added.

Coronavirus lockdowns hit retailers and luxury manufacturers hard as the outbreak spread from Asia to Europe and the United States. L’Oréal sells many of its products in airports, which were also paralysed as tourist numbers dried up and travel retail plunged.

The group was hurt by the closure of hairdressing salons too, and sales of professional products tumbled more than those of other divisions.

However, online sales surged, L’Oréal added, with demand for hair colorants for home use soaring, for example.

But overall revenue came in at €5.85 billion ($6.90 billion) in April-June, down 18.8% on a like-for-like basis, which strips out currency effects and acquisitions. Analysts had on average expected a 13.1% like-for-like sales drop, according to a consensus forecast cited by Berenberg.

The firm's operating margins stood at 18% at the end of the first half of the year, only slightly down from 18.6% at the end of 2019, and it cut expenses in areas such as advertising.

The group posted a net profit of €2.14 billion for the January to June period, down from €2.47 billion a year earlier.

© Thomson Reuters 2023 All rights reserved.