Izzue Archives - Inside Retail Asia
Hong Kong’s Izzue label is to hold its first show at London Fashion Week this year.
I.T Group sales slipped in the company’s home market, but the fashion retailer is achieving high growth in Mainland China, the US and Japan.
Strong sales growth in Hong Kong despite pressure helped boost third-quarter business for fashion group I.T Limited.
[:en]Hong Kong-based fashion retailer IT says full-year net profit dropped 27.3 per cent to HK$280 million (US$36.11 million).
IT retails upmarket European and Japanese brands and its own brands including 5cm, B+ab and Izzue.
The retailer blamed rising rental and labour costs and weaker retail spending at its major markets for the drop.
Business in China’s mainland grew 16.3 per cent, however it was offset by a 3.3 per cent decline in Hong Kong, as the number of mainland visitors low…