85
Fashion Jobs
ADIDAS
Senior Director Product Creation Ftw
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
PUMA
Quality Engineer Cobra
Permanent · HO CHI MINH CITY
By
Reuters
Published
Apr 11, 2009
Reading time
2 minutes
Download
Download the article
Print
Text size

Bain sees 2009 global luxury sales down 10 pct

By
Reuters
Published
Apr 11, 2009

NEW YORK, April 10 (Reuters) - Luxury goods sales worldwide could fall 10 percent this year to $201 billion, with the U.S. market in the greatest retreat, according to a forecast reported on Friday 10 April by the Wall Street Journal.




The forecast, to be released Tuesday 14 April by consultants Bain & Co, updates Bain's earlier forecast of just five months ago, which called for a 7 percent decline in everything from diamonds to designer dungarees.

Bain now expects luxury-goods sales will drop as much as 20% in the first two quarters of this year before stabilizing in the second half, the Wall Street Journal said.

Bain sees U.S. sales of high-end clothing, accessories, tableware, cosmetics and jewelry dropping by 15 percent this year. In Europe and Japan, those sales are expected to decline 10 percent.

Bain sees apparel suffering the most, down 15 percent globally from a year ago.

Sales of jewelry and watches are forecast to slide 12 percent, while those of high-end shoes and other leather goods are expected to decline 10 percent.

The United States, Europe and Japan account for more than 80 percent of worldwide luxury good sales,

Smaller emerging markets are expected to pick up some of the slack, with Bain expecting sales in China to rise 7 percent and those in the Middle East are seen increasing 2 percent, the Wall Street Journal said.

The sharp drop in demand for designer clothing and other luxury goods has been especially hard on upscale retailers, including Saks Inc (SKS.N), which reported that March same-store sales fell 23.6 percent from a year ago, while the newspaper noted that Neiman-Marcus Group Inc [NMRCUS.UL] said its same-store sales dropped 29.9 percent last month from March 2008 levels.

Nordstrom Inc (JWN.N), another high-end retailer, reported March same-store sales fell 13.5 percent from a year ago. (Reporting by Ilaina Jonas; Editing by Jan Paschal)

© Thomson Reuters 2024 All rights reserved.