Lafayette Department Store I.T Performance "Bottle"

< p > cooperation with old Buddha's department stores did not bring I.T performance growth, but became a drag.

I.T released its first quarter earnings report. The group was exposed to rising operating costs and a loss in operation with old Buddha's department store, which had a negative impact on its performance.

< /p >

< p > in the cooperation with old Buddha's department store, I.T has been playing the role of "green leaf". Its daily operation is basically controlled by the Department of general store, and I.T has become a platform to provide Chinese consumers with fashion and consumer demand experience.

< /p >

< p > in the first quarter earnings report of I.T group, no matter from the day of deposit turnover or market performance, it is developing in a positive direction. But Lafayette general merchandise (China) Co., Ltd., which has 50% shareholding shares with Lafayette department stores, is slightly inferior.

< /p >

< p > this is also the second time since the annual report last year, the I.T group has mentioned that cooperation with the Department of general stores is still at a loss stage.

< /p >

< p > last time, < a href= "http://www.91se91.com/news/index_c.asp" > I.T group < /a > indicates that the two sides are still in the early stage of operation, and the income is not enough to make up for the operating cost. They will continue to optimize the product mix and service level, and strive to promote the business to make ends meet in the scheduled time.

< /p >

The P group has improved its performance in the first quarter after throwing away the pressure of cooperation losses with the department store and increasing costs. I.T group has been developing well in the first quarter.

I.T reported that as of May 31st, group sales and gross profit have increased.

< /p >

< p > however, I.T's performance in the main battlefield is not eye-catching.

Sales in the same store in China a href= "http://www.91se91.com/news/index_c.asp" > Hongkong < /a > grew by 2.2%. The second largest market grew 4.5% in mainland China, while 20.2% in the Japanese market with poor performance last year.

< /p >

In the three main markets of P, Japan is also the position with the highest gross margin.

During the reporting period, the gross profit margins of I.T group in Hongkong, mainland China and Japan were 61.4%, 60.1% and 75.3% respectively, with an annual growth rate of -0.1%, 3.6% and 3.4% respectively.

< /p >

< p > despite the fact that the a href= "http://www.91se91.com/news/index_c.asp" > clothing industry < /a > continues to slump, I.T group still stands against the trend to reduce sales discount, and the gross profit margin of the group is up by 1.6%-62.4% compared with the same period last year.

< /p >