Giordano Archives - Inside Retail Asia
The China-US trade war and an unseasonably warm winter have been blamed for Giordano sales falling 11 per cent in the first half of the year.
Giordano International is set to report a second successive quarter of heavy sales decline.
Hong Kong casual apparel brand Giordano International has reported a small increase in sales for last year – and a small dip in profit.
Giordano sales slid 5.2 per cent in the September quarter, according to a trading update by the fast-fashion retailer.
Giordano Middle East has opened six new stores and relaunched its e-commerce platform.
Apparel retailer Giordano says sales growth in its key Hong Kong and Macau market has become “increasingly sluggish”.
Fashion brand Giordano is scrambling to remove an advertising campaign slammed as “sexist”.
E-commerce has helped boost the first-quarter bottom line for Giordano International, particularly in China.
E-business last year was particularly strong for apparel retailer Giordano International.
Giordano International third-quarter sales edged ahead in most markets, with the exception of its South Korean JV.
In a turnaround from a 1.6 per cent drop in the first quarter, Giordano International had a 3.4 per cent rise in half-year group sales to HK$2.6 billion.
India’s Flipkart is planning to enter the brick-and-mortar space as a master franchisee for foreign brands.