×
66
Fashion Jobs
SHISEIDO
Singapore - Marketing Manager, Fragrance
Permanent · Singapore
ESTÉE LAUDER
Marketing Executive, Estee Lauder, Travel Retail Apac
Permanent · Singapore
SHISEIDO
Marketing Executive, Laura Mercier
Permanent · Singapore
SHISEIDO
Singapore - Training Manager, Shiseido
Permanent · Singapore
SHISEIDO
Travel Retail - Brand Manager, Anessa & Elixir
Permanent · Singapore
SHISEIDO
Singapore - Marketing Manager, Shiseido
Permanent · Singapore
ESTÉE LAUDER
Marketing Manager, Origins, Aveda, Lab Series, Adf, Travel Retail Apac
Permanent · Singapore
LEVI'S
B2B Ecommerce Coordinator
Permanent · Singapore
LEVI'S
HR Operations Specialist
Permanent · Singapore
ESTÉE LAUDER
Manager, Integrated Marketing, Travel Retail Apac
Permanent · Singapore
LEVI'S
Digital Selling Operations Manager
Permanent · Singapore
ESTÉE LAUDER
Marketing Executive, la Mer, Travel Retail Apac
Permanent · Singapore
ESTÉE LAUDER
Assistant Marketing Manager, Mac, Travel Retail Apac
Permanent · Singapore
SHISEIDO
Travel Retail - Brand Manager, Prestige (Ipsa/The Ginza/Baum)
Permanent · Singapore
SHISEIDO
Singapore - Marketing Manager, Nars
Permanent · Singapore
SHISEIDO
Singapore - General Manager, Prestige Division
Permanent · Singapore
SHISEIDO
Asia Pacific - Regional Marketing Manager, Shiseido
Permanent · Singapore
SHISEIDO
Asia Pacific - Regional Marketing Manager, Laura Mercier
Permanent · Singapore
SHISEIDO
Travel Retail - Finance Analyst
Permanent · Singapore
LEVI'S
Regional Total Rewards Manager
Permanent · Singapore
LEVI'S
Manager, Trade Compliance - Regional
Permanent · Singapore
L'OREAL GROUP
Regional E-Commerce Business Data Analyst
Permanent · Singapore
By
Reuters
Published
Nov 12, 2015
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ferragamo sales stagnate in Q3 amid China, U.S. weakness

By
Reuters
Published
Nov 12, 2015

Sales at Salvatore Ferragamo stagnated in the third quarter as softer consumer spending in China and fewer tourists travelling to the United Stated hit the Italian luxury group.

Ferragamo said revenues totalled 298 million euros in the three months between July and September, a touch below a Thomson Reuters SmartEstimate of 304 million euros and in line with the previous year. At constant currencies, sales fell 1 percent.


Asia Pacific, which is the biggest market for the Florentine shoemaker, saw a 5 percent decline in sales in the first nine months of the year when stripping out currency moves.

Ferragamo said trends in Hong Kong deteriorated further in the third quarter. By contrast, Japan saw a strong performance in the same period also thanks to Chinese tourists.

Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at 53 million euros in July-September, or 17.7 percent of sales. Analysts had looked for an EBITDA of 58 million euros, according to Thomson Reuters SmartEstimate.

Like-for-like sales at Ferragamo's own retail network, which account for 60 percent of group sales, fell 2 percent in the first nine months due to a weak third quarter after a flat first half.


 

© Thomson Reuters 2021 All rights reserved.