Hudson S' Bay Suffers From Poor Performance In Luxury Consumption.
chain
Department store
Recently, all of them have made financial reports, and Niemann Marcus, one of the biggest chain giants in the world, has lost money, which worries the industry even more.
However, Hudson 's Bay grew in the fourth quarter.
The group said it benefited from the group's acquisition of lightning business.
Gilt
It has brought benefits, but the performance of the group's sub brand Saks Fifth Avenue is not satisfactory.
Benefiting from favorable news, the group's stock price closed at 19.07 Canadian dollars on the same day, though narrowed, but the stock market turmoil last year led to a 28.2% decline in the stock market last year.
In the fourth quarter of January 30th,
Saks Fifth Avenue
Because of the intense competition, the same store sales fell 1.2% in the fourth quarter, and the same store sales in the department store department were in good condition, with a slight increase.
The total sales increase amounted to 4 billion 486 million Canadian dollars, a 70.4% increase compared with the previous fiscal year, while the quarterly net profit was 370 million Canadian dollars, three times the previous fiscal year.
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According to the 2015 financial year performance report released by Jimmy Choo of London shoe brand, the group successfully turned into a profit, from a net loss of 10 million 800 thousand pounds in 2014 to a total profit of 19 million 400 thousand pounds.
In the 2015 fiscal year ended December 31st, Jimmy Choo Group sales rose 6% to 318 million pounds, mainly driven by strong growth in Asia and Japan, new store opening and wholesale business income expansion.
Its sales rose by 7% based on fixed exchange rates.
Earnings after adjusted profits, taxes, depreciation and amortization rose 1.5% to 51 million pounds.
Pierre Denis, chief executive officer of Jimmy Choo group, said that profit and revenue growth mainly came from the continuous innovation of retail portfolios. The design of creative director Sandra Choi was very popular and made a great contribution to the global influence of the brand.
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