Tod 'S Retail Downturn Or Shrinking Retail Network In Hong Kong

Famous

In the 2015 fiscal year's performance report, the group will be able to record a downturn in the context of low consumer sentiment.

The Hongkong region once again showed a negative performance worrying.

It is reported that in the 2015 fiscal year, group net profit dropped from 97 million 100 thousand euros to 92 million 700 thousand euros, while the global growth of group retail and wholesale channels, coupled with the accelerated growth in the four quarter, resulted in a 7.4% increase in total revenue to 10.4% euros.

For the outlook for the 2016 fiscal year, the group said that although the prudent way of development is currently required to comply, the group still plans to open 15 to 20 stores.

However, the bad environment and the reduction of the market environment.

The group is likely to join in the storm.

We said earlier.

The rents of Hang Lung square and Times Square are still high. But with the optimistic expectation of the chairman of the group, the possibility that the rents continue to rise may still exist objectively. Therefore, the Hongkong finance department is more negative than the Hongkong market. Therefore, the chief financial officer said that perhaps one of the regions that the group will implement to reduce the store strategy.

However, in view of the high rent in Hongkong, the brand owners are helpless. Many new brands and the luxury brands that can afford expensive rents have created a good expectation of the owners.

Next, Tod's is expected to strengthen in the digital field to achieve the expected goal of the brand in fiscal year 2016.