×
143
Fashion Jobs
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
LEVI'S
Manager, Retail Merchandising (Ebo)
Permanent · Bengaluru
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
PUMA
Manager Merchandising
Permanent · Bengaluru
PUMA
Project Manager- Operations
Permanent · Bengaluru
PUMA
Manager- Logistics Operations
Permanent · Bengaluru
PUMA
Warehouse Manager-D2C
Permanent · Bengaluru
By
AFP
Published
Feb 2, 2017
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Swatch profits slow in weak market

By
AFP
Published
Feb 2, 2017

Swatch group profits were nearly halved last year as global watch market weakness took its toll, the Swiss company reported Thursday, but predicted "healthy growth" ahead.


Swiss watchmaking industry sales dropped 10% in 2016 - swatch



Swatch owns luxury brands such as Breguet, Omega, Longines, Hamilton and Calvin Klein watches.

Net profit fell 47 percent to 593 million Swiss francs (554 million euros, $598 million), compared with analysts' forecasts centred on 666 million.

Sales were also below target at 7.5 billion francs, compared to expectations of 7.7 billion.

Watch and jewellery sales dropped by just under 11 percent as a marked slowdown in 2015 ran into early 2016, it said.

The end of last year, however, saw fresh movement in sales, especially in China, Swatch said.

"The months of November, December and January showed, particularly in mainland China, very good growth in the Watches and Jewelry segment, with a substantial improvement in operating margin," the group said in a statement.

"Based on the positive development of the last three months, healthy growth is expected for the year 2017," it said.

Swiss watchmaking had a bad year in 2016, when the industry's sales dropped by 10 percent after a 3.3 percent fall in 2015, calling time on five years of uninterrupted growth.
 

Copyright © 2022 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.