Win Hanverky Holdings (HKG:3322) recorded a 21% drop in the same-store sales of offline stores under its high-end fashion retailing business during the second quarter of 2024, a Thursday filing on the Hong Kong bourse said.
For the first half of the year, same-store sales decreased by 23%, according to the garment manufacturer.
The overall revenue growth rate for the high-end fashion business fell by 14% and 11%, respectively, during Q2 and H1.
As of June 30, the company had 110 offline stores under the high-end wing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments