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Department Manager (Quản lý Ngành Hàng) - Khu Vực Ocean Park Gia Lâm
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3pl Business Expert - Allocation
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Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Mega Mall Royal City
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Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Vincom Times City
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Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Aeon Mall Tân Phú
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Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Tại Vincom Plaza hạ Long
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Visual Merchandiser (Phụ Trách Trưng Bày Làm Việc Tại Cửa Hàng) - hà Nội Based
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Visual Merchandiser (Phụ Trách Trưng Bày Làm Việc Tại Cửa Hàng) - hồ Chí Minh Based
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Nhân Viên tư Vấn Bán Hàng Khu Vực Royal City - hà Nội (Bán Thời Gian và Toàn Thời Gian)
Permanent · HANOI
By
Reuters
Published
Apr 21, 2022
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Kering Q1 sales lifted by U.S., Europe

By
Reuters
Published
Apr 21, 2022

Gucci owner Kering said on Thursday its sales rose 21% on a like-for-like basis over the first quarter, as strong demand for its high-end fashion labels in the United States and Europe helped offset disruption to business in China due to COVID-19 lockdowns.


Bottega Veneta - Fall-Winter2022 - Womenswear - Milan - © PixelFormula



Group sales for the three months ending in March came to 4.96 billion euros ($5.4 billion), slightly above a forecast for 4.89 billion from Citi analyst Thomas Chauvet, who tops Refinitiv Eikon's rankings for Kering estimates in terms of estimate accuracy.

Kering's star label Gucci, which accounts for over half of the French luxury group's annual sales, clocked 13.4% growth, with a strong performance in the United States, Western Europe and Japan, while COVID lockdowns disrupted business in mainland China.
This figure fell below Chauvet's estimate for 23% growth and marked a deceleration from last quarter.

"The quarter is ahead of expectations overall by 5.6%," said Luca Solca, analyst with Bernstein, noting that Gucci was "one step behind" consensus forecasts while flagging an "impressive performance" from smaller labels.

Yves Saint Laurent posted 37.2% growth, while sales at Bottega Veneta grew 16.3%.

“The fundamentals of the luxury market in China remain intact,” Kering Chief Financial Officer Jean-Marc Duplaix told journalists in a call, noting the resilience of Chinese consumers after crisis periods, the growing middle class and appetite in the country for luxury brands.

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