HONG KONG: Esprit sales dip 1.8%
Hong Kong-based clothing retailer Esprit has reported total revenue of HKD$26.7bn (US$3.4bn) for the first nine months of the year, down from $27.2m in the same period last year.
Europe provided 84% of the company's turnover during the period, but fell 3.2% to $22.4bn during the first three quarters.
Esprit announced that Asia Pacific sales were flat, while North America grew 8.4%.
The retailer increased its European store count by 5.4%, to 1,192 shops by the end of the period ended 31 March.
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Chinese retailer Esprit Holdings Limited has posted declines in full-year sales and profit, citing the "tough macro environment". ...
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