Japan Home Centre revenue increases
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Japan Home Centre (Macau) posted an increase of 7.6 per cent revenue year-on-year to HK$39.3 million (MOP40.5 million/US$5.7 million) for its fiscal year ended June 30, according to the annual report released yesterday on the Hong Kong Stock Exchange by the International Houseware Retail Company Limited (IH Retail).
The comparable store sales growth rate of the stores in Macau is 1.3 per cent, down compared to the 5.9 per cent of the previous fiscal year.
The total revenue of IH Retail went up to HK$2.04 billion (MOP2.10 billion/US$263 million), indicating a growth of 4.5 per cent year-on-year despite the short-term fluctuation and challenges of the retail market.
‘The increase in revenue for the year was mainly due to the opening of new stores and growth in comparable store sales,’ the report noted.
Eight self-managed stores in Macau are under IH Retail, with 277 stores in Hong Kong.
IH Retail and its subsidiaries is the largest house ware retail chain in Hong Kong, Singapore and Macau. Stores can also be found in Cambodia, Indonesia, East Malaysia, Saudi Arabia and New Zealand.
Questions & Answers
Q.What is the primary reason given for Japan Home Centre (Macau)'s revenue increase?
What is the primary reason given for Japan Home Centre (Macau)'s revenue increase?
The report states that the increase in revenue was mainly due to the opening of new stores and growth in comparable store sales during the fiscal year. This contributed to the 7.6 per cent rise for the Macau entity.
Q.How did Japan Home Centre (Macau)'s comparable store sales growth compare to the previous year?
How did Japan Home Centre (Macau)'s comparable store sales growth compare to the previous year?
The comparable store sales growth rate in Macau was 1.3 per cent, which is a decrease compared to the 5.9 per cent recorded in the previous fiscal year. This indicates a slowdown in existing store performance.
Q.What was the total revenue growth for International Houseware Retail Company Limited (IH Retail)?
What was the total revenue growth for International Houseware Retail Company Limited (IH Retail)?
The total revenue for IH Retail, the parent company, increased by 4.5 per cent year-on-year, reaching HK$2.04 billion. This growth occurred despite retail market challenges.
Q.In how many countries does IH Retail currently operate stores?
In how many countries does IH Retail currently operate stores?
IH Retail operates in Hong Kong, Singapore, Macau, Cambodia, Indonesia, East Malaysia, Saudi Arabia and New Zealand. This makes it the largest houseware retail chain in several of these regions.
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