85
Fashion Jobs
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
PUMA
Key Account Manager, Marketplace E-Com
Permanent · HO CHI MINH CITY
ON RUNNING
Head of Footwear Sourcing
Permanent · HO CHI MINH CITY
By
Les echos
Published
Mar 25, 2009
Download
Download the article
Print
Text size

Tiffany rises on stock exchange despite drop in end of year sales

By
Les echos
Published
Mar 25, 2009

"Tiffany has clearly not been immune from global economic turmoil in recent months,” conceded the Chief Executive of the New York jeweler, commenting on a statement that confirmed the group had seen lower sales in the final quarter of 2008 across the board.



The second largest jeweler in the world registered a decline of 20% of sales at $841.2 million, scarcely better when considering the effect of exchange rates (-19%) and even worse sales were recorded at comparable stores (-23%) against a backdrop of -29% across the Americas.

For the year the group had a turnover of $2.86 billion, a decrease of 3% on 2007.
In this context, and whilst the profit margin has been eroded, Tiffany has recorded that net profit fell by 76% in the fourth quarter to $31.1 millions, or 25 cents a share.
Excluding costs linked to reorganisation and other exceptions, profit per share reached 85 cents (above the 79 cents estimated by analysts). This performance has reassured the financial community: in New York these gains have been dubbed the most important in the last three months.

Furthermore, the group has stated that 600 employees have accepted early retirement, part of a plan to reduce the number of staff by 10% and save an additional $60 million in 2009.

Copyright © 2024 Les Echos. All rights reserved.