Same-store sales slid 13 per cent year-on-year for Hong Kong fashion group Bauhaus International Holdings for its first quarter, ended June 30.
This was for a weighted average of 176 corresponding shops.
The group’s turnover is mostly from its major in-house labels like Salad, Tough and 80/20, and licensed brands including Superdry.
In Hong Kong and Macau the drop was 15 per cent year on year (73 shops), Taiwan eased 5 per cent (82 shops) and China was down 6 per cent (21 shops).
At the end of the quarter, the group had a total of 210 self-managed shops, four fewer than at March 31.
There were 86 shops in Hong Kong and Macau (no change), 93 in Taiwan (down one) and 31 in China (three fewer).
The group cautions that these are unaudited figures.