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Win Hanverky's (03322) 1H SSS of high-end biz down 10%
11 Jul 2019
(Infocast News) Win Hanverky Holdings (03322) has issued an update on the same-store sales performance regarding its High-end Fashion Retailing Business for the first quarters through June.

Although the same-store sales growth rate of the offline stores under the High-end Fashion Retailing Business for the second quarter and the first two quarters were -8% and -10% respectively, the overall revenue growth rate of the business for the corresponding periods achieved +69% and +51% respectively. Such growth was mainly attributed to the strong performance of the new stores in Mainland China. Most of the new stores were opened starting from the second half of 2018 which did not have full month operations in the comparable periods and therefore not included in the same store sales growth rate.

(WL)
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