×
311
Fashion Jobs
LOVISA
Regional Manager
Permanent ·
THE JUST GROUP
Office Administrator
Permanent · Auckland
ESTEE LAUDER
bb/cl/el/jm/lm/Mac/tf - Freelance Consultant - Auckland - on-Call/Freelance
Permanent · Auckland
JAY JAYS
Christmas Casual - Jay Jays nz - Porirua
Permanent · Wellington
JAY JAYS
Christmas Casual - Jay Jays nz - Lower Hutt
Permanent · Wellington
JUST JEANS
Christmas Casual - Just Jeans nz - Porirua
Permanent · WELLINGTON
JUST JEANS
Christmas Casual - Just Jeans nz - Lambton Quay
Permanent · Wellington
JUST JEANS
Christmas Casual - Just Jeans nz - Lower Hutt
Permanent · Wellington
JUST JEANS
Christmas Casual - Just Jeans nz - Napier
Permanent · Wellington
JUST JEANS
Christmas Casual - Just Jeans nz - Masterton
Permanent · Wellington
JUST JEANS
Sales Assistant - Casual - Just Jeans nz- Porirua
Permanent · Wellington
JUST JEANS
Sales Assistant - Part Time - Just Jeans nz - Porirua
Permanent · Wellington
JD SPORTS
Supervisor - New Store Opening - Hamilton
Permanent · Hamilton
JD SPORTS
Back of House Supervisor - New Store Opening - Hamilton
Permanent · Hamilton
JUST JEANS
Sales Assistant - Casual - Just Jeans nz- Queenstown
Permanent · Queenstown
SMIGGLE
Sales Assistant - Part Time - Smiggle nz - Nelson
Permanent · NELSON
SMIGGLE
Sales Assistant - Full Time - Smiggle nz- Nelson
Permanent · Nelson
JUST JEANS
Sales Assistant - Part Time - Just Jeans nz - Blenheim
Permanent · Nelson
JAY JAYS
Sales Assistant - Full Time - Jay Jays nz - Henderson
Permanent · WEST AUCKLAND
JD SPORTS
3ic
Permanent · Auckland
H&M
Inventory Associate - Contract Ending February 2023
Permanent · AUCKLAND
H&M
Full Time Sales Advisor - Cashel Street Christchurch
Permanent · CHRISTCHURCH
By
Reuters API
Published
Jul 27, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Sales growth at Kering’s Gucci slows in Q2 as China weighs

By
Reuters API
Published
Jul 27, 2022



 Sales at French luxury group Kering's top brand Gucci rose by just 4% in the second quarter, the group said on Wednesday, as a new round of lockdowns weighed on revenues in the key Chinese market.

Overall sales for Kering, which is also home to fast-growing labels Saint Laurent and Bottega Veneta, came in at 4.97 billion euros ($5.03 billion), up 12% on a comparable basis.
The figure was above market expectations for revenues of 4.44 billion euros according to a Visible Alpha consensus cited by UBS.

Gucci's 4% growth in the three months to June compared with a 19% rise over the same period for sales at LVMH's fashion and leather goods division, led by the Louis Vuitton and Dior brands. It also marked a slowdown from 13% growth for Gucci sales in the first quarter of the year.

The group's finance chief, Jean-Marc Duplaix, told reporters it had seen an improvement in China in June as movement restrictions were gradually lifted.

"The Chinese market was impacted by measures to fight Covid, of course, even if June began to show some improvement as these measures eased up," Duplaix said, adding that as much as 35% of Gucci's stores in the country were closed in April and May.
The group is working to reinforce its Gucci management teams in China and is maintaining investments like store openings in the country, he said.
Kering continues to consider the Chinese market "absolutely key" with growth potential that remains "intact in the long run," he added.
($1 = 0.9876 euros)

(Reporting by Mimosa Spencer, editing by Silvia Aloisi)

© Thomson Reuters 2022 All rights reserved.