China Dongxiang Logs Drop in Fiscal Q1 Retail Performance

MT Newswires Live07-19

China Dongxiang (Group)'s (HKG:3818) Kappa-branded stores recorded a mid-low single-digit year-over-year decrease in retail performance for the three months ended June 30, a Friday filing on the Hong Kong bourse said.

The sports apparel retailer's same-store sales related to Kappa-branded stores saw a mid single-digit decrease during the quarter from the year-ago period.

As of the first fiscal quarter, the number of the company's Kappa-branded stores fell by 9 quarter-over-quarter to 1,003 stores.

Shares of the company closed nearly 2% lower on Friday.

Price (HKD): $0.32, Change: $-0.01, Percent Change: -1.54%

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