364
Fashion Jobs
L'OREAL GROUP
[l'Oreal Korea] Kiehl's - CRM & Trade Mkt sr. Specialist~Manager
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (jr.) Claim Substantiation Specialist - Corporate Regulatory Affairs
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (sr.) Product Manager - Kerastase Marketing Team, Ppd
Permanent · SEOUL
UNDER ARMOUR
Associate, HR Administration
Permanent · SEOUL
ARKET
Visual Merchandising Manager
Permanent · BUSAN
PUIG
Marketing Manager
Permanent · SEOUL
JAEGER
[Jaeger Lecoultre] Marketing & Communication Director
Permanent · SEOUL
ESTÉE LAUDER COMPANIES
Corporate Account Executive For Travel Retail Korea, Estee Lauder Companies
Permanent ·
ESTÉE LAUDER - BRAND
Assistant Education Manager, Estee Lauder
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] Luxe Div. - Lancome E-Commerce Specialist
Permanent · SEOUL
COS
Instore Visual Merchandiser Manager_seoul/Gyeonggi
Permanent · SEOUL METROPOLITAN AREA
AESOP
Shinsegae Gwangju - Retail Consultant
Permanent · GWANGJU
COACH
Manager, Ecommerce
Permanent · SEOUL
ADIDAS
Manager, Business Planning & Analysis, Wholesales
Permanent · SEOUL
HENKEL
Adhesive Key Account Manager For Sports And Fashion Market
Permanent · BUSAN
HENKEL
Consumer Brands General Manager Assistant
Permanent ·
HYPEBEAST
Brand Partnership Manager
Permanent · SEOUL
ADIDAS
Manager, Retail Marketing - Originals, Brand Adidas
Permanent · SEOUL
ADIDAS
Manager, bu - Football Apparel, Brand Adidas
Permanent · SEOUL
SWAROVSKI
District Manager (Travel Retail)
Permanent · SEOUL
SHISEIDO
E-Key Account Manager, Cosmetics&Fragrance (Korean Only)
Permanent · SEOUL
ADIDAS
sr. Manager, Process Excellence & Analytics, Scm
Permanent · SEOUL
By
Reuters
Published
Jul 21, 2009
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Next raises profit guidance

By
Reuters
Published
Jul 21, 2009

By James Davey

LONDON (Reuters) - Fashion retailer Next (NXT.L) raised its profit guidance on Tuesday 21 July after clothing sales were boosted by good weather in early summer.



"As a result of better full price Next Retail sales and improved clearance rates, we have added a further 15 million pounds to our internal profit forecast for the first half," the firm said in a trading update brought forward a week.

Next said product negotiations and sourcing had also gone better than planned, leading it to anticipate that its bought-in gross margin for the second-half would be better than expected.

"As a result we have also added 15 million pounds to our internal profit forecast for the second half." Next said like-for-like sales in 394 stores that traded continuously in the 25 weeks to July 18 were down 1.9 percent, comfortably beating guidance the firm gave on May 6 for a fall of between 4 and 7 percent in first-half like-for-like sales.

"We estimate that the warm temperatures have improved these Next Retail sales by between 2 percent and 3 percent," it said.

"In addition, we have been much happier with the design and fashion content of our ranges across all product areas."

Next Directory sales were up 1.1 percent, while total sales for the Next brand were up 1.3 percent.

For the second half, the group forecast that Next Retail's like-for-like sales would be down between 3.5 and 6.5 percent as it expected consumers to continue to moderate their spending, given an expectation that unemployment will continue to rise.

Shares in Next, which have risen by 70 percent over the last year, closed on Monday 20 July at 1,648 pence, valuing the business at 3.25 billion pounds.

(Reporting by James Davey, editing by Myles Neligan/Will Waterman)

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