Esprit, A Parent Of Leisure Brand, Has Plunged More Than 13% In The First Three Quarters.

Recently, Esprit, the parent company of leisure brand, has released the core data of its three quarter performance for the 9 months ended March 31, 2019, with double-digit sales slump.

According to the results of the report, the income of Si Jie global time was HK $9 billion 922 million, which fell by 13.5% in local currency terms.

For this reason, Sijie global party said that although the revenue continued to decline, the decline has narrowed, reflecting a positive improvement trend, benefiting from the German market drive, while the Asia Pacific market in the second quarter and the three quarter of the higher income decline due to the closure of the brand Australia and new sialam Market stores.

It is reported that all shops in the Australian and New Zealand markets have been closed by the end of September 2018.

Among them, as of the end of March, in the third quarter, the income of global revenue fell 17.7% to HK $3 billion 160 million, down 11.6% from local currency.

The Asia Pacific market gained HK $293 million in the third quarter, down 37.6% from the same period last year, and the Chinese market in the Asia Pacific region dropped by 17.8% compared with the sales, while the other markets dropped by only 2.2%.

At the same time, the third quarter of the first quarter was better than the corresponding total controllable area by 12.4%. This is the first time since the first quarter of the first quarter, the quarter revenue decrease was lower than the corresponding area reduction.

In addition, as a major market of Si Jie world, the German market's revenue in the three quarter was HK $1 billion 599 million, down 15.3% from HK $1 billion 888 million in the same period last year, and the sales rate of fixed exchange rate decreased by 8.6% when sales area dropped 8.4%.

And the German market recorded a 1.7% decline in comparable sales in the three quarter, compared with a comparable decline of 16.3% and 5.9% in the first two quarters.

Other European markets showed a slightly better performance in the three quarter, a decrease of 11% in sales area and 8% in fixed exchange rate, while sales in Hong Kong dollar decreased by 14.4%, from HK $1 billion 477 million to HK $1 billion 264 million, a decrease from 0.3% to 0.3% in sales and a decline of 15% and 3.6% in the one or two quarter.

In the third quarter, Si Jie global still focused on implementing the strategic plan to restore the growth and profitability of Si Jie global.

Quarterly improvements in various aspects of business have encouraged management and firmly believe that the reform is progressing smoothly.