×
95
Fashion Jobs
RITUALS
Wholesale Account Manager - Ireland - Full Time
Permanent · Dublin 2
ESTÉE LAUDER
Clinique - Consultant - Brown Thomas, Galway - 18.5 Hours - Part-Time - Permanent
Permanent · Galway
ESTÉE LAUDER
la Mer - Business Manager - Brown Thomas, Dublin - 37.5 Hours / 5 Days - Full-Time, Permanent
Permanent · Dublin
SHISEIDO
Nars Account Manager- Brown Thomas, Cork (37.5 Hours)
Permanent · Cork City
SHISEIDO
Nars Account Manager - bt2 Dundrum
Permanent · Dublin 16
SHISEIDO
Bareminerals Account Manager - Boots, Belfast
Permanent · New York
SHISEIDO
Bareminerals Dual Site Account Manager - Arnotts, Dublin
Permanent · Dublin 13
ESTÉE LAUDER
jo Malone London - Stylist - Brown Thomas, Galway - 37.5 Hours - Full Time, Permanent
Permanent · Galway
ESTÉE LAUDER
jo Malone London - Stylist - Brown Thomas, Galway - 18 Hours - Part Time, Permanent
Permanent · Galway
RITUALS
Counter Manager - Brown Thomas Limerick (37.5)
Permanent · Limerick
ESTÉE LAUDER
Origins - Guide - Arnotts, Dublin - 30 Hours - Full Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
la Mer - Expert - bt, Dundrum - 22.5 Hours - Part Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
la Mer - Assistant Manager - Brown Thomas, Dundrum - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
Aveda - Advisor - Brown Thomas, Dundrum - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
Origins - Guide - Arnotts, Dublin - 22.5 Hours - Part Time, Permanent
Permanent · Dublin
LEVI'S
Senior Sales Assistant/Keyholder
Permanent · Kildare
SHISEIDO
Designer Fragrance + dg City Consultant - Boots Liffey Valley (37.5 Hours)
Permanent · Dublin 4
SHISEIDO
Nars Makeup Artist - Arnotts Dublin (22.5 Hours)
Permanent · Dublin 4
ESTÉE LAUDER
Estée Lauder - Beauty Advisor - Brown Thomas, Galway - 8 Hours - Part-Time, Permanent
Permanent · Galway
ESTÉE LAUDER
Tom Ford - Fragrance Specialist - Brown Thomas, Dublin - 15 Hours, 2 Days - Part Time, Permanent
Permanent · Dublin
TAPESTRY
Stock Associate i - ce ir Kildare (40 Hours)
Permanent · Nurney Road
ESTÉE LAUDER
Bobbi Brown - Retail Artist Manager - Brown Thomas, Dublin - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
By
Reuters
Translated by
Robin Driver
Published
Jan 28, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Swatch posts first loss in almost 40 years due to pandemic

By
Reuters
Translated by
Robin Driver
Published
Jan 28, 2021

Swatch Group announced its first annual loss since starting business almost 40 years ago on Thursday, as the coronavirus pandemic continues to negatively affect demand in the luxury sector. 


Swatch Group announced its first loss in almost 40 years on Thursday - Photo d'archives/REUTERS/Arnd Wiegmann


The Swiss watchmaker reported a net loss of 53 million Swiss francs ($59.7 million) in fiscal 2020, its first loss since 1983, the year in which the Swatch Group was founded in its current form and launched its plastic Swatch watch. 

Covid-19-related restrictions, which imposed temporary store closures and considerably reduced international travel, pulled down the revenues of the Biel/Bienne-based company, which also sells Tissot, Longines and Omega watches. 

Similarly to other watchmakers, Swatch Group was also affected by the political troubles in Hong Kong, which significantly reduced the number of Chinese tourists visiting the region over the course of the year. 

Unlike Richemont, which was able to compensate for a decline in its watch sales thanks to strong demand for jewelry over the holiday period, Swatch Group has no jewelry operations to fall back on. Furthermore, the company's low-end Swatch and Tissot brands are vulnerable to competition from smartwatches made by the likes of Apple. 

© Thomson Reuters 2022 All rights reserved.