Li Bang Men's Clothing Group Expects China's Sales Growth To Slow Down
Wang Riming said in an interview with reporters on Wednesday, "we expect (China)
Luxury goods
This market growth will slow down.
We set the same store sales growth target at more than 10%, and we probably saw a high number of sales in the same store in the first half year.
Salvatore Ferragamo Menswear
Wang Riming said that the development of luxury retail market may be restricted in the first half of the year, because some of China's foreign trade high growth areas are dragged down by the global economic uncertainties.
He said that the market had shown signs of improvement in March.
In addition, the hope that banks will relax lending restrictions, the introduction of a package of stimulus measures and the increase in national infrastructure investment will help consumers to get warmer, so he is optimistic about sales in the second half.
Haitong International Data Research Co., Ltd. analyst Elyse Wang said, "high-end."
Men's clothing
At the initial stage of development, Li Bang has many brands of strength, so it will have broad room for development.
Wang Riming said that in 2012, China's stores will expand from the current 370 to more than 400, with a net annual growth of 40-50.
He said, "I hope to maintain this growth rate in the next few years".
He said the company was also faced with the challenge of rising costs from salesmen.
Wednesday afternoon
trinity
Shares rose to a five week high of HK $7 per share.
At 7:13 GMT, it was HK $6.96 per share, an increase of 8.1%, which is 0.22% higher than the Hang Seng Index.
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