×
314
Fashion Jobs
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Bihar)
Permanent · Bihat-IV
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Bihar)
Permanent · Bihpur
ZYDUS WELLNESS
Excellent Opening For Area Sales Manager
Permanent · Indore
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Gujrat)
Permanent · Ahmedabad
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager /Sales Manager/Jharkhand
Permanent · Lohardaga
CIEL HR SERVICES PVT LTD
Mechanical Maintenance Manager
Permanent · Coimbatore
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Gujrat)
Permanent · Gandhinagar
EARTH BUDDY
Area Sales Manager
Permanent · Gurugram
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (mp)
Permanent · Bhind
ALUDECOR LAMINATION PVT LTD
Area Sales Manager-Agra
Permanent · Agra
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager(Haryana)
Permanent · Sonipat
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Rajasthan)
Permanent · Karauli
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sale Manager(Punjab)
Permanent · Batala
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Himachal) All District
Permanent · Dalhousie
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Uttar Pradesh)
Permanent · Sitapur
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales - Hojai
Permanent · Hojai
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sale Manager(Haryana)
Permanent · Kurukshetra
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sale Manager(Haryana)
Permanent · Rewari
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sale Manager(Uttarakhand)
Permanent · Uttarkashi
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (mp)
Permanent · Morena
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sale Manager(Punjab)
Permanent · Tarn Taran Sahib
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager /Sales Manager/up
Permanent · Kushinagar
By
Reuters
Published
May 7, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Safilo sales slide due to coronavirus store lockdowns

By
Reuters
Published
May 7, 2020

​Italian spectacles maker Safilo reported a steep decline in first-quarter sales on Wednesday as the coronavirus prompted the temporary closure of most of its stores.


Safilo/Jimmy Choo


Sales in the first quarter were down 11.5% at constant currencies at 221.1 million euros ($239 million).

First-quarter adjusted earnings before tax, interest, depreciation and amortization margin shrunk to 2.6% from 8.1% a year ago.

The company warned that that the fall in sales in the current quarter would be worse than in the previous one due to the almost complete shutdown of its distribution channels.

Safilo also said that it expects the re-start in May and June as governments start lifting lockdown measures to be very gradual and patchy, contributing to lower sales for the quarter.

As people stayed at home to curb the spread of the virus, online sales grew by almost 25% at constant currencies in the first quarter, increasing to 6% of total sales from 4% a year ago.

Rival EssilorLuxottica also reported a slump in first-quarter sales on Tuesday and warned of an even bigger hit in the current quarter for the same reason.

© Thomson Reuters 2021 All rights reserved.