52
Fashion Jobs
ZALANDO
Head of Engineering - Emerging Propositions
Permanent · HELSINKI
ZALANDO
Engineering Manager - Emerging Propositions
Permanent · HELSINKI
NEW YORKER
Haemme Extra- Myyjiä New Yorkerin Myymälään Mikkeliin
Permanent · MIKKELI
ESTÉE LAUDER COMPANIES
MAC Make-up Artist (20h/Week) - Sokos Tampere
Permanent · TAMPERE
ESTÉE LAUDER COMPANIES
Beauty Advisor (30h/Week) - Stockmann Helsinki
Permanent · HELSINKI
BEST SELLER
Sales Supporter/Visual Merchandiser
Permanent · HELSINKI
NAME IT
Myyjä Name IT Jyväskylä Seppä
Permanent · JYVÄSKYLÄ
JACK & JONES
Store Assistant Till Jack&Jones/ Vero Moda Jakobstad
Permanent · JAKOBSTAD
JACK & JONES
Kesätöihin Myyjäksi Jack & Jones Kouvola Veturi
Permanent · KOUVOLA
PARFUMS CHRISTIAN DIOR
Beauty Consultant - Sokos Helsinki
Permanent · HELSINKI
PARFUMS CHRISTIAN DIOR
Beauty Consultant - Oulu, Finland
Fixed-term · HELSINKI
PARFUMS CHRISTIAN DIOR
Beauty Consultant - Tapiola
Fixed-term · HELSINKI
ESTÉE LAUDER COMPANIES
Category Trainer For Skincare in Finland (Maternity Cover)
Permanent · HELSINKI
ESTÉE LAUDER COMPANIES
MAC Make-up Artist (20h/Week) - Sokos Tampere
Permanent · TAMPERE
ESTÉE LAUDER COMPANIES
Beauty Advisor (30h/Week) - Stockmann Helsinki
Permanent · HELSINKI
ESTÉE LAUDER COMPANIES
Beauty Advisor - Sokos Helsinki (Fulltime Temporary)
Fixed-term · HELSINKI
ESTÉE LAUDER COMPANIES
Full Time Beauty Advisor - Vantaa Airport, Helsinki
Permanent · HELSINKI
ESTÉE LAUDER COMPANIES
Estee Lauder Companies - Multi Counter Manager - Stockmann, Turku
Permanent · TURKU
PARFUMS CHRISTIAN DIOR
Open Application - Beauty Consultant
Permanent · HELSINKI
LOUIS VUITTON MALLETIER
Client Advisor
Fixed-term · HELSINKI
PARFUMS CHRISTIAN DIOR
Beauty Consultant - Stockmann Turku
Permanent · HELSINKI
NAME IT
Myymäläpäällikkö Name IT Jyväskylä Seppä
Permanent · JYVÄSKYLÄ
By
Reuters
Published
May 9, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Adidas expects "normalisation" in 2018 after strong growth, sees ongoing sourcing shift from China to Vietnam

By
Reuters
Published
May 9, 2018

Adidas CEO Kasper Rorsted said on Thursday that the firm expects sales growth to “normalise” this year after two years of strong expansion, and that it will continue its footwear sourcing shift from China to Vietnam.



Adidas



“We do expect a certain normalisation this year, following the second consecutive year of strong double-digit growth rates,” Kasper Rorsted said according to a speech text he was giving at the annual general meeting.

He reiterated a target for sales to grow around 10 percent in 2018 on a currency neutral basis, down from 16 percent in 2017.

The chief executive also added that the firm expects a shift in its sourcing of footwear from China to Vietnam to continue although he shrugged off concerns on Wednesday about the possible imposition of U.S. tariffs on Chinese-made shoes.

Factories in Vietnam produced 44 percent of Adidas footwear volume in 2017, up from 31 percent in 2012, while Chinese suppliers made 19 percent, down from more than 30 percent in 2012, Kasper Rorsted told a annual meeting of shareholders.

"I'm not going to rule out that this trend is going to continue," he said, adding: "China is still an important procurement market, irrespective of trade duties."

Rorsted noted that there was still a lot of uncertainty over what sectors could face new U.S. tariffs. "We might be hit by import duties but it will also apply to our competitors."

German rival Puma , which makes about a third of its products in China, said last month that it is working on contingency plans to move some production from China to other Asian markets if U.S. tariffs are imposed.

Shares in Adidas were hit last week after it predicted that sales in western Europe will stall in the second quarter.

 

© Thomson Reuters 2024 All rights reserved.