COVID-19 Effects Hurt Salvatore Ferragamo’s H1 Top Line

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MILAN — The month of July is showing improvements in all of Salvatore Ferragamo’s markets, but the closure of stores during the coronavirus pandemic hurt the company’s top line in the first half of the year.

The Florence-based luxury group reported preliminary sales on Tuesday at the end of trading, which showed a 46.6 percent drop to 377 million euros in the first six months ended June 30. This compares with 705 million euros in the same period last year.

Sales in the second quarter fell 60.1 percent, impacted by the pandemic, the lockdown of commercial activities and the lack of international traffic.

As of June 30, the company had 643 points of sales, including 389 directly operated stores and 254 third-party-operated stores in the wholesale and travel retail channels.

In the first half, the retail distribution channel reported a 41 percent drop

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Why My Layoff Hurt More Than a Breakup

Photo credit: RUNSTUDIO - Getty Images
Photo credit: RUNSTUDIO – Getty Images

From Redbook

The end of a relationship is rough, no matter how prepared you are. For me, there was no preparation. I was completely blindsided—and devastated. Did I miss the signs along the way? What if…? “Often, the biggest hit comes in the form of the questioning it makes us do about our own value,” says John Roccia, director of career services at Ama La Vida. “Am I not good enough? Could I have prevented this? And if I could have—how? This leads us to start reexamining every little decision we’ve ever made and looking for flaws, which isn’t great for our self-esteem.”

When I got the news that my position was eliminated, I was shattered. I cried for days and ignored my ex-coworkers’ calls and texts. The feeling I was experiencing was very familiar—dumped.

According to the Labor Department, 30.3 million people have

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