×
4 402
Fashion Jobs
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Meadowhall
Permanent · Sheffield
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, George Street
Permanent · Edinburgh
HOMESENSE
20066- tk Maxx Homesense Greenwich / Thurrock Security Loss Prevention Advisor Full Time 37.5 Hrs
Permanent · London
COTY
Pan eu Senior Key Account Manager
Permanent · London
DR. MARTENS
Finance Accounting Manager, Korea
Permanent ·
VIVIENNE WESTWOOD
Accounts Payable Assistant
Permanent · LONDON
MULBERRY
Warehouse Administrator
Permanent · SHEPTON MALLET
FRASERS GROUP
PR Manager - Flannels
Permanent · LONDON
EVERLAST GYMS
General Manager - Everlast Gyms
Permanent · EPSOM
BOOHOOMAN
Menswear Buyer
Permanent · MANCHESTER
PRIMARK
Business Analyst - Checkout Management Epos
Permanent · READING
PRIMARK
Business Analyst - Checkout Management Mpe
Permanent · READING
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Stratford (Westfield)
Permanent · London
LEVI'S
Keyholder - 30 Hours Per Week
Permanent · Norwich
L'OREAL GROUP
Prada Beauty Deputy Business Manager, 1.0, Harrods London
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Marks & Spencer - 15 Hours
Permanent · London
ESTÉE LAUDER
Clinique - Account Manager - Boots - 30 Hours
Permanent · Berkshire
ESTÉE LAUDER
Clinique - Consultant - John Lewis - 13 Hours
Permanent · High Wycombe
AESOP
Retail Consultant | Aesop Piccadilly Arcade, London | Full Time
Permanent · London
TK MAXX
Security And Loss Prevention Advisor
Permanent · Preston
TJX EUROPE
Brand & Marketing Administrator
Permanent · Grand Londres
TK MAXX
Loss Prevention Advisor - Glasgow And Surrounding Area - Full-Time- Permanent
Permanent · Glasgow
Ads
By
AFP
Published
Nov 24, 2014
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

S.T. Dupont announces net loss multiplied by six in first half

By
AFP
Published
Nov 24, 2014

French luxury group S.T. Dupont announced on Friday a net loss of 3.8 million euros in the first half of its non-calendar fiscal year, six times higher than in the same period of the previous year, which the company explains by referring to a heavy inventory rundown by its clients.


For the same period during its 2013-2014 fiscal year, the company, which specializes in luxury lighters and pens, announced a net loss of 600,000 euros. 

S.T. Dupont has justified these results by referring to “a general downturn in the luxury market that has led to heavy inventory rundowns by most of its client distributors, combined with a shift in the launch of new products after the summer." 

Its operating loss was 4.4 million euros as compared with 1.7 million in the previous year. Revenues, meanwhile, declined by 24.6% to 26 million euros as compared with 34.4 for the same period in 2013-2014. 

“New product launches occurred in late summer and the recovery of certain export markets helped consolidated revenues return to 2013 levels, in the months of September and October. A sales action plan was implemented in major markets to consolidate the trend," the company noted in a statement. 

Sales were down in all regions with S.T. Dupont stores, and particularly in France, where they were down by 24.1%. 

In the rest of Western Europe, there was a more than 35.9% decline, with a 44% decline in particular in Italy. 

In Asia, a driving force in the previous year, sales were down 12%. 

"Adjustments were made in September 2014. France, Western Europe, not including Italy, and China attained sales levels at or above last year," according to the luxury company.

1 EUR = 0.791952 GBP
1 EUR = 1.24222 USD
 

Copyright © 2023 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.