BELLE International Annual Negative Growth In The Same Store, Hongkong Business Retrogression For The First Time

As report goes,

The international announcement of the interim results ending the end of August recorded a revenue of 18 billion 556 million yuan, an increase of 10.9% over the same period last year, of which the sales of sports and clothing business were outstanding, increasing by 16.8%, leading to an increase of 12.7% in business profits to 2 billion 730 million yuan.

But footwear business is still the main source of revenue for the company.

The company's chief executive, Sheng Bai Chai, said that the total number of stores in the company continued to grow this year. However, the slowdown in domestic economy led to a decline in consumption intention. Department stores' passenger flow declined and consumption was sluggish, which caused certain obstacles to the company's sales channels, and the growth rate of shops would obviously slow down. He admits that this phenomenon will not be solved in a short time.

And judging from the current situation, the same store growth will grow negatively this year.

In terms of business in Hongkong, management said that the occupy movement did have an impact on sales.

In 9 and October, there was no negative growth in Hongkong's business since its entry into Hongkong. However, as Hongkong's business accounted for only 3% of the group's total business, it had little impact.

He added, "no".

Strategies for phasing events in Hongkong.

The importance of Hongkong business to the company lies not only in its market share but also in the brand building, channel management and credit enhancement of the company.

BELLE raised the dividend payout ratio and declared a special dividend, with a median dividend of 15 cents per share and a special dividend of 25 points.

Management said that at present, the company had a net cash surplus, holding 7 billion 500 million net cash as of the end of August, and the company also had a plan to gradually change its capital structure.

With the opening ceremony of the APEC volunteer conference in 2014, the official clothing designated by the Qipai group for the 2014 APEC conference was officially released. The official clothing displayed to the public includes volunteers' Chinese collar men and women's formal dress, outdoor cold proof clothing, and media center.

Chinese men's collar and men's formal dress.

The launch attracted dozens of media to witness the important moment.

Qipai group 2014 APEC conference officially designated clothing debut in Beijing