×
143
Fashion Jobs
BIMBA Y LOLA
Sales Assistant
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant
Permanent · LONDON
PINK PANTY
Web Manager
Permanent · LONDON
TK MAXX
District Loss Prevention Manager
Permanent · Warsaw
SHISEIDO
Bareminerals Account Manager - Hoopers, Wilmslow (Maternity Cover) (37.5)
Permanent · Manchester
SHISEIDO
Bareminerals Account Manager - Debenhams, Dundee (37.5)
Permanent · Dundee
SHISEIDO
Bareminerals Account Manager - Debenhams, Winchester (Maternity Cover)
Permanent · Hampshire
KIMAI
Marketing Manager
Permanent · LONDON
MICHAEL KORS (UK) LIMITED
Ecommerce Operations Manager, Emea
Permanent · London
SHISEIDO
Account Manager - Debenhams
Permanent · BURY SAINT EDMUNDS
SHISEIDO
Bareminerals Account Manager - Debenhams, Ipswich (37.5)
Permanent · Ipswich
SHISEIDO
Shisiedo Group Fragrance Account Manager - John Lewis, Brent Cross (22.5)
Permanent · London
MAJE
Sales Assistant, Full Time - Canary Wharf, London
Fixed-term · LONDRES
NIKE
Nike Temporary Part Time Athlete (Sales Associate)
Fixed-term · Loanhead
NIKE
Nike Part Time Athlete (Sales Associate)
Permanent · Tillicoultry
THE POSITIVE COMPANY
Journalism And Content Internship
Internship · LONDON
LONE DESIGN CLUB
Creative Store/Set Design, Visual Merchandising Internship
Internship · LONDON
MONCLER
Store Manager London
Permanent · LONDRES
NIKE
Nike Temporary Part Time Athlete (Sales Associate)
Fixed-term · Banbridge
NIKE
Nike Coach (Department Manager)
Permanent · Banbridge
KHLOÉNOVA
Virtual Marketing Rep
Internship · LONDON
GUESS UK
Assistant Manager - Icon o2
Permanent · LONDON

Airport retailer Dufry trims jobs as coronavirus drags down sales

By
Reuters
Published
Mar 13, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

​Swiss travel retail group Dufry is cutting jobs and guiding for a single-digit decrease in organic sales this year as the coronavirus pandemic that prompted U.S. President Donald Trump to ban air travel from Europe hits its business.


Dufry said organic growth contracted 3.8% through March 8, after a 7.3% drop in February - Web Travelmarketsinsider


Dufry, whose shares have fallen more than 50% this year, is taking measures to protect cash flow generation, drive sales and safeguard profitability, the company said, including job cuts and rent renegotiations it expects to generate savings of 60 million Swiss francs ($64.18 million) this year.

“We do not anticipate any liquidity problems during the crises,” Dufry said in a statement on Thursday.

Dufry, which has over 2,400 shops at airports, cruise lines, train stations and other tourist shopping locations said organic growth contracted 3.8% through March 8, after a 7.3% drop in February.

The Basel-based company, with net debt of 3.1 billion francs at the end of December, said it expected to reach negative mid-single digit organic growth in 2020 “provided that the situation improves in the second semester”.

“Currently it’s still challenging to estimate the impact for the full year,” it said.

The World Health Organization (WHO) called the coronavirus outbreak a “pandemic” on Wednesday and the Trump Administration imposed sweeping restrictions on travel from Europe.

© Thomson Reuters 2020 All rights reserved.