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Hongkong Li Bang Men'S Clothing Is Expected To Slow Sales Growth In China

2012/3/20 11:00:00 16

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Li Bang is

Italy

Ferragamo, a luxury goods manufacturer, is a partner in China's Salvatore Ferragamo.

Wang Riming, managing director of the company, said that compared with the growth rate of nearly 20% in the past two years, the growth rate of same store sales in 2012 is expected to linger at a low of 100%.

"We expect the growth of China's luxury goods market to slow down," Wang Riming said in an interview with reporters on Wednesday.

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.

Wang Riming expressed luxury.

retail

Market development is likely to be constrained in the first half of the year, as some of China's foreign trade areas with high growth are dragged down by uncertainties in the global economy.

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.

Elyse Wang, an analyst at Haitong International Data Research Co., said, "high-end men.

Clothes & Accessories

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.

On Wednesday afternoon, the 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.