567
Вакансии
CALZEDONIA GROUP
Kierownik Salonu / ch Promenada / Warszawa / Nowe Otwarcie
Permanent · WARSAW
H&M
Advanced User
Permanent · ROBAKOWO
H&M
Group Leader/ Lider Grupy
Permanent · CHLEBNIA
H&M
Advanced User
Permanent · CHLEBNIA
ESSILORLUXOTTICA GROUP
Sales Representative
Permanent · KRAKÓW
ESSILORLUXOTTICA GROUP
Cee Operations Controller
Permanent · KRAKÓW
ESTÉE LAUDER COMPANIES
IT Business Partner
Permanent · WARSAW
LEVI'S
Customer Relations Specialist (Otc) M/W/D
Permanent · WARSAW
MICHAEL KORS
Sales Supervisor, Poland, Lodz- Full Time
Permanent · ŁÓDŹ
LIMANGO
Product Owner - Fully Remote Possible
Permanent · WROCŁAW
L'OREAL GROUP
Senior Brand Manager Maybelline New York
Permanent ·
NEWELL
Sales And Operations Planner
Permanent · POZNAŃ
L'OREAL GROUP
Country Digital Project Manager
Permanent · WARSAW
RITUALS
Rituals - Office Coordinator (Warsaw)
Permanent · WARSAW
AVON
Product Safety/Integrity & Regulatory Affairs
Permanent · WARSZAWA
TK MAXX
Pracownik ds. Ochrony Tkmaxx Port Łódź/Pełen Etat
Permanent · ŁÓDŹ
TK MAXX
Pracownik ds. Ochrony Tkmaxx Wrocław Renoma/Pełen Etat
Permanent · WROCŁAW
TK MAXX
Pracownik ds. Ochrony Tkmaxx Wrocław Bielany/Pełen Etat
Permanent · WROCŁAW
L'OREAL GROUP
Project Manager & Administration
Permanent · WARSAW
L'OREAL GROUP
Community Advocacy Specialist, l’Oréal Luxe
Permanent · WARSAW
PANDORA
Business Consultant, Fico Sap Solutions
Permanent · WARSAW
PANDORA
Treasury Operations Specialist
Permanent · WARSAW
Автор
Reuters
Опубликовано
1 июн. 2023 г.
Время чтения
2 минут(-а,-ы)
Скачать
Загрузить статью
Печать
Размер текста

Michael Kors owner Capri cuts revenue forecast as US demand wavers

Автор
Reuters
Опубликовано
1 июн. 2023 г.

Michael Kors parent Capri Holdings Ltd on Wednesday cut its annual sales forecast as demand for its handbags and shoes weakens in the United States, sending its shares down nearly 9% in early trading.


Michael Kors - Fall-Winter2023 - 2024 - Womenswear - New York - © ImaxTree


Demand for high-end goods has softened in the U.S. as shoppers pause luxury indulgence in the face of rising cost of living, also affecting sales of other luxury brands such as LVMH and Gucci owner Kering.

Revenue from the company's biggest brand, Michael Kors, fell nearly 11% to $910 million, while Asia sales rose marginally during the fourth quarter following a rebound in China demand.

Chinese shoppers, unshackled from COVID-19 curbs, have returned to splurging on bags and apparel, driving peer Coach handbag maker Tapestry Inc to raise its annual profit outlook earlier this month despite a slowdown in U.S. luxury purchases.

CFRA Research analyst Zachary Warring said sagging U.S. demand will likely offset easing supply chain pressure as well as tailwinds in Asia for Capri.

"We think that (Americas) business will remain soft probably through the majority of the summertime," Capri CEO John Idol said.

The company lowered its annual revenue outlook to $5.7 billion from its earlier outlook of about $5.8 billion.
Its forecast for first-quarter sales and profit also fell short of analysts' expectations as the company warned of significant decline in its wholesale business as U.S. department stores cut back on orders.

The company's revenue of $1.34 billion beat estimates, even as sales in the Americas segment declined across Capri's three brands during the reported quarter.

Adjusted earnings came in at 97 cents per share, higher than 94 cents that analysts had expected.

© Thomson Reuters 2024 Все права защищены.