Daphne Sales Growth Slowed, BELLE Growth Optimism

It has been reported that TPG has been rescued by private equity fund.

(00210) retail sales fell somewhat in the second quarter.

The company announced that in the first half of the year, the middle and upper grade brands in the mainland were worse than last year. Sales growth in the same quarter slowed down from 22% in the first quarter to 14% in the same period last year.

Another shoe stock

(01880) the performance is good, the second quarter.

The same store sales grew by 10.5%, an increase of 2.8% over the first quarter.

Daphne pointed out that in the overall retail sales growth slowed down in the mainland and the high base number of the same period last year, the core brand business of the group still had double-digit sales growth in the same quarter, mainly due to the increase in sales volume, but the average sales price dropped by the number of sales promotions during the period.

With the increase in sales and production costs, the gross profit margin of the group was down year by year.

Daphne added 245 Direct stores and 28 retail outlets in the second quarter. In the first half, it increased by 411 direct outlets and 45 retail outlets. The same store sales grew by 17% in the first half of this year.

Share price fell 4.5%

Daphne yesterday's stock price closed at 7.61 yuan, down 4.51%.

As for BELLE, footwear sales in the same quarter increased by 10.5% this quarter, while the same store sales of sportswear business fell from 2.4% in the first quarter to 5%, and two categories were better than the first quarter.

The number of mainland retail outlets in the quarter grew by 537, and by the end of June this year, there were nearly 15 thousand and 900 retail outlets, of which about 11 thousand were

4942 shops for sportswear.