Wei ZhangFashion
Giordano Net Profit Drops to HK$108 Million as Asian Margins Lag
Disproportionate profits from the Gulf masked sluggish returns across Greater China and Southeast Asia as store closures reduced the group network to 1,509 doors.
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Giordano
Every story tagged Giordano on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged Giordano
32 stories in this topic
Maria SantosFashion
Giordano Profit Drops 9% to HK$121 Million as Middle East Sales Slump
The apparel chain lifted gross margins by 1.6 percentage points even as first-half revenue dipped to HK$1.9 billion.
Minjun ParkFashion
Giordano Reports Q3 Sales Dip Despite Yearly Growth; E-commerce Revenue Soars By 16.5%
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,…
Minjun ParkFashion
Giordano Sees Sales Surge Amid Economic Uncertainty: E-commerce Success And ‘beyond Boundaries’ Strategy Key
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.…
Wei ZhangFashion
Chow Tai Fook arm in bid for Giordano International
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…
Sarah ChenFashion
Giordano opens store in Ghana
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…
Minjun ParkFashion
Giordano sales rebound, delivering first-half profit despite fewer stores
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…
Maria SantosFashion
Giordano opens largest retail store in Indonesia’s
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…
Minjun ParkFashion
Giordano International warns for a profit decrease
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…
Sarah ChenFashion
Hong Kong leads ‘drastic’ drop in sales for Giordano
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…
Sarah ChenFashion
Giordano sales drop 34.6 per cent in March quarter
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…
Minjun ParkFashion
Giordano looking for global expansion
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…
Sarah ChenFashion
Giordano issues profit warning to Stakeholders
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…
Sarah ChenFashion
Giordano opens four stores in Mauritius
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…
Rajiv MenonFashion
Giordano opens new-generation store in Dubai
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…
Aiko TanakaFashion
Giordano sales down across China
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,…