Guess How Can The Asia Pacific Lead To Weak Consumption?

The market is also full of variables. Although Guess, which has been profitable for some time before, has made people in the industry look forward to it. However, the performance of the first quarter has shifted from profit to loss, and Guess has been unable to resist the weakness of the Asia Pacific region.

It is reported that in the first quarter of April 30, 2016, the group's total revenue fell to 6.3% US dollars to 449 million US dollars, and the Group recorded a 5% decline in fixed exchange rate.

In addition, the profit margin of the group in the first quarter was $4 million 400 thousand, and the earnings per share declined by 740 basis points to 6.5% over the same period in the same fiscal year.

By region, the Asia Pacific region's total revenue dropped by 15% of the group's subbrands, followed by the US market and recorded a 5% decline.

At the same time, the group also said that the main reason for the group's retrogression was

In particular

The continued weak consumer situation has dragged down the overall performance.

As a result, the group's share price dropped to 1% US dollars to 16.45 US dollars.

In response, the three year plan launched by the group in March was also challenged by investment banks.

The Group expects EPS to be between $0.04 and $0.08 in the current two quarter, and operating profit is expected to be 1.5% to 2.5%, far less than market expectations.

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As we all know, the footwear industry in the world began to shrink in 2015.

Most of the single shoe brands have different levels of profit decline.

This atrophy led to the Domino domino effect.

Recently, the global shoe manufacturer nine Xing Holdings has released its earnings report, and its indicators have plummeted.

It is reported that nine Hing Holdings are Michael Kors, Guess, Alexander Wang, Kenzo and other light luxury and high-end fashion brand footwear manufacturers.

Due to the continued decline in the industry in the last fiscal year, the nine Hing Holdings, which recently announced the first quarter of fiscal year 2016, has also been affected.

In the first quarter ended March 31, 2016, the group's total revenue was $280 million 300 thousand, a decrease of 5.9% over the same period last fiscal year.

However, the cost of raw materials has been reduced, resulting in lower costs, thus driving a 2.3% decline in the price.

In the earnings report, the group did not mention much about the sales in Hongkong, but the retail business in China generally declined.

The total retail revenue in China has dropped to 14.3% US dollars compared with the previous fiscal year to 1500 trillion US dollars. The decline in same store sales is even more obvious, compared with a huge decrease of 22.4% to 1 million 180 thousand US dollars in the previous fiscal year.

The group said that the adverse effect of the above data was due to the abnormal weather, which resulted in a lower confidence in the customers, which affected the shipment of the products in the second half of 2016.

In addition to the decline in manufacturing, the group's retail industry is also not improving.

The group's Stella Luna, What For, and JKJY by Stella stores were reduced by 2, 12 and 1 stores, respectively.

Despite the current shrinkage of fashion shoes, the expected demand from emerging sports shoes is still strong.

Therefore, the group said it will continue to strictly control costs and efficiency measures to stimulate the business development of the group.