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Hong Kong-based fashion retail giant, Giordano, has experienced a decrease in sales for the third quarter of the year, despite an overall positive performance for the year so far. Q3 Performance The retailer’s third-quarter revenue, ending on September 30,…
Hong Kong’s prominent fashion retailer, Giordano, recently announced an increase in their sales for the first half of the fiscal year. This significant improvement in sales is mainly attributed to a substantial surge in the company’s e-commerce operations.…
Giordano International Ltd. climbed as much as 23% after an investment vehicle owned by Hong Kong’s third-richest person offered to buy the apparel retailer. Clear Prosper Global Ltd., a BVI vehicle wholly-owned by Chow Tai Fook Nominee Ltd., offered to buy…
Hong Kong-headquartered apparel brand Giordano has launched its first store in Ghana, adding to its African footprint, which already includes Kenya, Mauritius, South Africa, and Zambia. Partnering with local retail chain Melcom Plus, Giordano is planning to…
Hong Kong-listed apparel retailer Giordano is back in the black after first-half sales rose 19 percent against the prior year – including 44 percent in the second quarter. Giordano, which now has 2094 stores across Southeast Asia, Greater China, and the…
Apparel retailer Giordano has unveiled a large-scale store in the newly opened Bumi Raya City Mall in Pontianak, Indonesia. Located on the mall’s first floor, the Giordano store spans 2300sqft and offers a complete range of men’s, women’s and children…
Giordano International (0709) warned that it expects to record an annual net loss of between HK$110 million and HK$130 million in 2020, as compared with a profit of HK$230 million in 2019. As stated in the interim results announcement last year, a net loss of…
A “drastic” drop in sales has led apparel retailer Giordano International to record a US$22.6 million loss in the six months to June, of which $13.2 million alone was attributable to its Hong Kong operations. The company said in a stock-exchange filing that…
Fashion group Giordano says its March quarter sales fell by 34.6 percent as the outbreak of the coronavirus pandemic saw stores shuttered in key markets. Comparable same-store sales growth was a negative 30.2 percent. “Since the outbreak of the Covid-19…
Giordano group sales fell 11.9 percent last year to HK$4.852 billion (US$624.6 million). Sales from physical stores fell by 9.6 percent, while sales to franchisees declined by 24.2 percent, partly due to the tightening of the company’s credit policy in light…
Giordano International expects profit attributable to shareholders to fall by about 38 percent for the December year, based on a preliminary review of accounts. The fashion label issued a statement to the Hong Kong Stock Exchange warning shareholders ahead of…
Hong Kong apparel brand Giordano has opened four locations in Mauritius. The stores are located in the Riche Terre Shopping Mall as well as the Rose Hill, Quatre Bornes and Curepipe areas. “We pride ourselves on being a ‘world brand’ – and our overseas…
Hong Kong-listed apparel brand Giordano has revealed a new generation store design in its fully renovated store in Mirdif City Centre in Dubai. The 2000sqft store has a fresh new look embracing a more refined concept with the space maximized for product…
Giordano sales slid by 8.6 percent in the three months to September, or by 7.1 percent if measured by constant exchange rates. Comparable same-store sales fell by 10.3 percent. The damage to Giordano sales was largely borne in Hong Kong and Mainland China,…
The China-US trade war and unseasonably warm winter have been blamed for Giordano sales falling 11 percent in the first half of the year. Profit for the Hong Kong-headquartered apparel retailer was impacted even more, dropping 36.6 percent to HK$161 million…
Giordano sales in Greater China plunged by 17.7 per cent during the first quarter, dragging group-wide sales down by 10.8 per cent, or 8.5 per cent on a constant currency basis. In a stock exchange filing on the eve of the holiday weekend the casual apparel…
