profit Archives - Inside Retail Asia
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 …
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…
Department store and supermarket operator posts net loss of $3.4 million in China, Hong Kong.
Chinese sports goods company expects further erosion of profit in the second half.
Singaporean supermarket chain remains committed to expanding retail presence.
British luxury goods company posts strong comparable store sales in Asia Pacific.
Mainland tourists to Hong Kong boost Asia’s cosmetics group’s earnings.
Weak retail sentiment results in sales decline.
Yum Brand beginning to see slight sales improvement following chicken supply controversy.
Chinese home appliance retailer back in the black.
Tse Sui Luen Jewellery cites rising costs for fall.
Hong Kong retailer reports a worse-than-expected net loss of US$60 million.