The company said its Asia-Pacific sales plunged 26%, and North American sales fell 12%.
Chinese sales powered ahead by 36% quarter on quarter, while Asia Pacific sales also grew by 10% in three months.
Richemont is seeing good growth in Europe, supported by Asian tourism which is compensating for slower domestic Asia Pacific sales.
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Coca-Cola is another victim, revealing a 1% decline in Pacific sales.
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Pacific sales declined 1%, but income was up 11%.
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FedEx and Caterpillar, bellwethers for global economic strength, both warned of significantly slowing global sales, Caterpillar reporting its Asia-Pacific sales plunged 26%, and North American sales fell 12% from December through February.
Today China accounts for about half of Pacific Andes' sales, with Europe and North America combined at 40%.
Today China accounts for about half of Pacific Andes' sales, with Europe and North America combined at nearly 40%.
Using brands like Gucci, Hermes, Burberry, Louis Vuitton and Bulgari, the report noted that sales from Asia Pacific, not just China, accounted for 36% of their total sales in the last three years, up from just 10%.
High growth came from Asia Pacific where iPhone unit sales grew 474% year-over-year, Japan grew 183%, and Europe grew 133%.
By region, it expects a mid-teens percentage increase in sales in the Americas, a mid-twenties percentage increase in both Asia-Pacific and Europe, and a modest sales decline in Japan.
Sales in Asia Pacific region and Japan more than doubled over year ago quarter.
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Toy stocks were also down after Jakks Pacific ( JAKK) said sales have been disappointing and forced the company to lower its earnings forecast.
Sales in the Asia Pacific and Africa regions increased 35% during the fourth quarter.
For the past two years, sales in Asia, Pacific and the Middle East grew at a double-digit pace.
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It aims to help provide Scottish food and drink companies with the resources, knowledge and networks to develop significant sales in the Asia Pacific region.
Unfortunately, as you likely know, the major HR development in Q1 was the rightsizing of Cathy Sullivan, Senior Sales Rep for the Pacific Southwest region and Guam.
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Meanwhile, in the Asia-Pacific region, natural gas vehicle sales have grown at an average annual clip of 42% during the past decade, according to NGV Global, a trade group formed in 1986 to promote gas-friendly policies.
Despite Warner's challenges, it is faring slightly better than other major music companies given the strength of its digital business, which has a higher market share than the company's physical sales, according to Pacific Crest Securities analyst Evan Wilson.
The luxury jeweler reported double-digit sales growth in Asia-Pacific and Japan regions and smaller increases in the Americas and Europe.
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Same store sales in the Asia-Pacific region gained 6%.
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Pacific Crest analyst Evan Wilson had originally forecasted sales as high as 14.6 million in 2013.
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Asia Pacific remains the strongest region for Richemont but sales growth has slowed.
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Four percent of its sales come from the Asia-Pacific region, where it manufactures straws and plastic containers for food-service operations.
Diageo said Thursday that sales growth in the Asian-Pacific region, excluding acquisitions, disposals and currency effects, slowed to 4% in the nine months ended March 31 from 10% in the year-earlier period.
And while sales of microchips in Europe during November were up by a reasonable 5.3%, and those in Asia Pacific by just under half that amount, sales in America, the world's largest market for microchips, were still virtually flat.
Asia-Pacific and Japan revenue rose 19%, while sales in Europe, the Middle East and Africa grew 15%.
Sales in North America and Asia-Pacific rose 26.2% and 23.3% respectively, helping to offset a 6.5% drop in sales in Western Europe, excluding Germany where sales were up 1.9%.
Last year, Tiffany, famous for its diamond engagement rings, increased its sales by 29% in its Asia-Pacific market, excluding Japan.
Avon missed expectations for its earnings in the last quarter ending September 11, as weak sales in North America and in the Asia Pacific region pressured top line revenues.
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