HONG KONG: Giordano Reports Strong Nov-Dec Asian Sales
The company said sales in China were up 15 per cent year-on-year for November, with double-digit growth in December.
Similarly, sales in Singapore were up 15 per cent in November and experienced low single-digit growth in December, while Taiwan posted high single-digit sales growth in November and double-digit growth in December.
In Hong Kong, meanwhile, Giordano saw a single-digit increase in sales for each of the two months.
"Since the end of last year, the retail market sentiment has improved," chairman's assistant Alison Law said.
"We believe the trend will continue this year."
Giordano expects to open about 50 stores in China, 10 in Hong Kong, 20 in Japan, 30 in Taiwan and less than 10 in other markets in 2004, with capital expenditure for the year expected to total about HK$100 million.
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