profit Archives - Inside Retail Asia

Asia fuels Prada profit

Italian luxury house Prada has reported a modest profit rise of 0.3 per cent to 627.8 million euros ($866 million). Revenue was highest in Asia Pacific, up 11.4 per cent, with Greater China the biggest contributor in the region. Growth also continued in Japan where sales increased 23.6 per cent, Prada said. But the company blamed the slower growth elsewhere on exchange-rate volatility and a difficult economy in Europe which created an unfavourable business climate. It recorded 10.9 per …

Sa Sa sees profit jumps

Cosmetics retailing group Sa Sa said net profit for the six months to September 30 climbed 26.7 per cent. Sa Sa has earned a net HK$357.4 million (US$46.1 million), boosted by robust performances in Hong Kong and Macau, where sales increased by 19.9 per cent to HK$3 billion. Overall turnover for Mainland China operations decreased by 3.3 per cent to HK$167.2 million. Sa Sa adopted a strategy of focusing on house brand products in Mainland China, but the execution was hampered by the constr…

Aeon China in the red

Department store and supermarket operator posts net loss of $3.4 million in China, Hong Kong.

361 Degrees profit slides

Chinese sports goods company expects further erosion of profit in the second half.

Sheng Siong’s profit jumps

Singaporean supermarket chain remains committed to expanding retail presence.

Burberry maintains profit forecasts

British luxury goods company posts strong comparable store sales in Asia Pacific.

Sa Sa’s profit up

Mainland tourists to Hong Kong boost Asia’s cosmetics group’s earnings.

Chow Tai Fook reports profit slump

Weak retail sentiment results in sales decline.

China KFC sales recovering

Yum Brand beginning to see slight sales improvement following chicken supply controversy.

Gome in turnaround

Chinese home appliance retailer back in the black.

Hong Kong jeweller says profit tumbles

Tse Sui Luen Jewellery cites rising costs for fall.

Esprit books net loss

Hong Kong retailer reports a worse-than-expected net loss of US$60 million.