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Clothing retailer Esprit Holdings Ltd reported a 14.9 percent slide in first-quarter turnover on Monday as sales in Europe lagged and it cut its store footprint. Turnover in Hong Kong dollar terms fell to HK$4.7 billion in the three months ended Sept. 30,…
Hong Kong listed fashion group Esprit says its full year financial loss masked a positive phase of its turnaround program. Full year turnover fell 11.5 per cent (or 19.8 per cent in Hong Kong dollars) and the company posted a loss of HK$3.683 billion, largely…
Esprit has issued a surprise profit warning to investors saying it expects a “substantial loss” in the full year to June 30. The warning is a surprise, because just 11 days earlier the Hong Kong-listed fashion retailer said its turnaround program was “on…
Fashion retailer Esprit continues to cull its retail network, but despite reduced sales is confident its turnaround program is on track. In the third quarter to March 31, the Hong Kong-listed company’s turnover fell 25.5 per cent in Hong Kong dollar terms to…
Slumping sales and store closures led to a small loss for the Australian arm of international fashion retailer Esprit, as its parent company’s shares come under attack from short sellers. Esprit bills itself as the largest international fashion retailer in…
Apparel chain Esprit has wanted shareholders its half year profit to December 31 is likely to be between HK$40 million and $50 million – half the $95 million of the same period a year earlier. The company said based on preliminary accounting figures, the…
