The Profits Fell Sharply From 80% To 90%.

If mainland China's market is showing signs of bottom up and showing signs of recovery, it will be hard to know when the "cold winter" in Hongkong's retail market is coming back.

Recently, Hongkong

On Thursday, the retailer announced that earnings in the first half of fiscal year 2015/2016 will fall by 80% to 90% by the end of December 31, 2015.

From the earnings report, as of December 31, 2014, the 2014/2015 financial year, the median profit of burlung was HK $87 million 474 thousand, an increase of 17.4% over the same period, but as of the end of 20156, the company recorded a decline of 1% to HK $2 billion 523 million in the 2015 fiscal year, and the group profit recorded HK $115 million.

Compared with the 2014 fiscal year, earnings per share of HK $7.83 were 9% lower.

For all that,

The stock price went against the trend on Thursday, with a 1.89% gain of HK $0.54.

The group said the reason for the sharp drop in profits was mainly due to the decline of Hong Kong tourists and the strong Hong Kong dollar.

Reduction, group consumption of many core markets, low consumption, warm winter weather, etc., at the same time, because of the above reasons, the group profit and gross profit reduced, resulting in a sharp drop in profits.

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WAL-MART Wal-Mart Stores (NYSE:WMT) said on Friday that the company will close 269 stores outside the US and abroad, 154 of them in the US, including 102 WAL-MART convenience stores (Walmart Express), which started testing water in 2011, which is also the smallest WAL-MART shop.

In addition, the company will close 23 Neighborhood markets, 12 super shopping centers, 7 shops in Puerto Rico, 6 discount shopping centers, 4 Sam Sam's stores (Sam's Club) and 115 shops worldwide.

No matter from the business area or revenue, the proportion of shops closed down is less than 1%.

The impact of the closure on the financial sector is 20 cents to 22 cents per share, of which 19 cents to 20 cents will be recorded in the fourth quarter of fiscal year 2016.

WAL-MART will release its four quarter and full year results in February 18th.

In the past three months, WAL-MART shares rose 4.6%, but they fell 29% in the past 12 months, while the S & P 500 index fell 5.7%.

The shutdown will affect 16 thousand WAL-MART employees, 10 thousand of whom are from the United States.

More than 95% of the shops close to WAL-MART stores are within 10 miles, and the affected employees can give priority to the company's vacancy.

If the staff do not accept the post adjustment, they will receive 60 days' salary and get the layoff and vocational skills training if they meet the requirements.