Esprit Returns 16% In The First Quarter, 109 Net Stores.

Esprit Holdings Limited Global Holdings Limited announced that in the first quarter ended September 30th, revenue fell 16.4% to HK $5 billion 478 million over the same period.

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Sales in the German market, which is close to 50%, dropped 14% to HK $2 billion 596 million, while sales in other European countries dropped 17.2% to HK $2 billion 143 million, and the Asia Pacific region fell 22.3% to HK $706 million.

In terms of same store sales, the group decreased by 11.6% year-on-year, while Germany and other European countries decreased by 13.5% and 12.6% respectively, and the Asia Pacific region will be 2.5%.

The regression of revenue is mainly due to the closure of profitable retail outlets and the rectification of wholesale customers, the unusual and warm weather in Europe, the autumn winter clothing sales, and China's special returns.

(end) and reduction of promotional products.

According to the channel, the retail sales of HK $3 billion 35 million, a decrease of 15% from HK $3 billion 570 million in the same period last year, and wholesale sales of HK $2 billion 403 million, down 17.2% from the same period last year.

By the end of September, the group had about 884 rooms.

There was a net decrease of 21 compared with the end of June, and a 109 decrease over the same period last year.