Nike, H&M, Mu Shi International And Other Global Fashion Brands Important Earnings Summary

01 Nike's quarterly profit fell short of expectations for the first time in 7 years.

In the fourth quarter ended May 31st, the sales of Nike group, the sportswear giant of the United States, increased by 4% to 10 billion 200 million US dollars compared with the same period last year, and the first quarter income exceeded 10 billion yuan, but net profit plunged 13.2% to 989 million US dollars. In the 2019 fiscal year, Nike Group sales increased by 7% to $39 billion 100 million, gross margin was 44.7%, net profit rose 108% to 4 billion US dollars.

02 excessive sales affect profitability H&M second quarter profit after tax fall

In the three months ended May 31st, the Swedish fast fashion giant H&M's profit after tax fell 1.5% to 4 billion 570 million kronor about $490 million, while sales rose 11% to 57 billion 770 million krona. According to statistics, H&M sales increased by 12% at fixed interest rates in June. H&M said that the decline in profits was mainly due to excessive promotional activities, increased discount efforts and the implementation of the transformation strategy, which will increase sales of full price products in the future.

03 Mu Shi international lost 19 million 720 thousand yuan last year, becoming the smallest clothing group in China.

The annual results of the year ended March were 13.6% yuan to 251 million yuan, a net loss of 19 million 717 thousand yuan, and a net profit of 2 million 7 thousand yuan in the same period last year. As of last Thursday, the international stock price of the curtain fell to HK $0.63 and its market value was about HK $180 million.

04 profit brand narrowed to $400 million last year.

In the 12 months ending March, the annual loss of the brand has narrowed to US $400 million from US $903 million in the same period last year, and the turnover decreased by 4.6% to US $1 billion 513 million, which was mainly affected by the group's selling of American home business, footwear and sales of Juicy Couture clothing. The group announced a restructuring plan in November last year, which aims to reduce operating expenses by 100 million US dollars and will be completed in 2020.

05 Bosideng's profit rose nearly 60% last year.

In the fiscal year ending March 31st, the domestic sales of Boston, a down jacket giant, rose 16.9% to 10 billion 383 million yuan, gross profit margin rose to 53.1% compared to the same period last year, and net profit rose 59.4% to 980 million yuan. During the period, the income from the core down garment business rose 35.5% to 7 billion 657 million yuan, accounting for 73.7% of the total revenue, while the business income of women's clothing increased by 4.2% to 1 billion 368 million yuan, accounting for 11.6% of the total revenue.

06YGM trade plunged more than 40% last year.

YGM trade announced today's year-end results as at the end of March, with revenue plunging 37.3% to 361 million yuan, while net profit plunged 40.3% to 90 million 190 thousand yuan, which was mainly affected by the one-time net income of Aquascutum, a British brand. In 2017, YGM sold Aquascutum to Shandong Ruyi holding group for $120 million. Its brands include MICHEL RENE, Guy Laroche, Charles Jourdan, Ashworth and J.Lindeberg.

07 the virgin plant, Virginia, rose more than 17% last year.

In the 12 months ended March 31st, virgin income increased 6.7% to HK $6 billion 263 million, gross profit rose 8.8% to HK $1 billion 342 million, and net profit rose 17.6% to HK $282 million. Among them, bra and underwear business continued to constitute the main source of income for Virginia, contributing about HK $4 billion 875 million, an increase of 3.1% over the same period and a gross margin of 22%. The group said that the sustained growth of its performance was mainly due to its increasingly stable cooperation with many major international brand partners and the increase in orders.

08 an Li Fang holdings issued profit warning, expected net profit decrease in the medium term.

Last week, Fang Li Fang announced that its net profit in the six months ended June 30, 2019 will be reduced compared with the same period last year. It is reported that the decrease in net profit of the group is mainly affected by the continued weakening of the retail business and the continuous fluctuation of the global macroeconomic environment. By the end of December 2018, the total retail sales point of the group was 1837, of which the number of sales counters and specialized shops was 1557 and 280 respectively.

09 La Natsu Bell sells management consulting business with RMB 275 million yuan.

In June 21st, La Natsu Bell, a domestic dress group, approved a proposal by the board of directors to sell the rights and interests of Tianjin star wide enterprise management consulting partnership (limited partnership). The transaction cost was 275 million yuan. The company estimated that the group would record an unaudited income of about 29 million yuan from the proposed sale, and suggested that the net proceeds from the sale would be about 243 million 750 thousand yuan. It is expected that the fund will be used as the general working capital of the group for the main business of the company.

10 Hai Lan home repurchase 667 million yuan stock

In June 16th, the National Men's clothing Hai Lan home completed the stock repurchase plan put forward at the end of 2018. In June 18, 2019, it wrote off the 72792951 shares repurchased in China Securities Depository and Clearing Co., Ltd. Shanghai branch, and promptly handled the related matters such as change registration procedures. According to the earnings report, the highest price of the repurchase is 10.33 yuan per share, the lowest price of repurchase is 8.05 yuan per share, the average repo price is 9.17 yuan per share, and the total amount of funds used is about 667 million yuan.

11, in order to seek new growth momentum, Semir or emulate Zara to launch beauty makeup.

Semir clothing announced on Wednesday night that it is revising the articles of association to increase cosmetics sales business in order to better meet consumers' needs for brand skin care and beauty products along with lifestyle changes, and provide consumers with a more comprehensive solution. In the first quarter of this year, Semir's business revenue rose 63.9% to 4 billion 118 million yuan, and net profit increased 11.06% to 347 million yuan.

12 Spanish retail group Tendam's pre tax profits soared nearly 4 times.

Tendam, which owns Cortefiel, Pedro del Hierro, Springfield, Women'secret and Fifty, released its annual performance report for the past year. Sales in the 12 months ended February 28th were almost flat compared with the previous year, with a record profit of 1 billion 155 million euros, and the pre tax profit rose 379.3% to 80 million 800 thousand euros compared with the previous year's 21 million 300 thousand euros. Jaume Miquel, chairman and chief executive, said profit growth was mainly due to the effectiveness of cost saving strategies.

13, create the first domestic luxury stock, Shandong Ruyi about 4 billion acquisition of several clothing brands.

According to the fashion business express, Ruyi group announced yesterday afternoon that in order to improve the textile and garment industry chain and give full play to the brand pulling effect, the company will become an international luxury luxury fashion brand operation platform. The company intends to purchase the Gieves high-end Hawkes, Kent & Curwen, Cerruti 1881, D URBAN and Hawkes, which are popular among consumers.

14 pass the name to create excellent products to raise IPO plan $1 billion.

According to Bloomberg news, Muji's rival products will be raised in Hongkong or the US IPO, which will raise about $1 billion, and banks have been invited to handle related transactions. Famous and excellent products were jointly founded by Japanese designer Miyake Junya and Chinese entrepreneur Ye Guo Fu in 2013, and have product design in Japan. Currently, they have more than 3500 stores in more than 80 countries and regions, including China, the United States, Brazil, the United Arab Emirates and Russia, and revenue exceeded 2 billion 500 million dollars last year.

15 British designer brand Karen Millen will be open for auction.

According to Sky News, the British designer Karen Millen will negotiate with the bidder. After deliberation through the board of directors, DDT will be responsible for the related matters, but the transaction price is not yet clear. At present, the brand is controlled by Bank of Iceland Kaupthing. In the 12 months ended last February 28th, Karen Millen sales fell 1.2% to 158 million 800 thousand pounds compared to the same period last year, operating losses recorded 9 million 200 thousand pounds, and 57 independent stores and 1700 employees worldwide.