Esprit retail business downturn E-commerce revenue plummeted 15.2%

On October 30th, casual clothing brand Esprit retail business continued to slump.

According to the data, in the three months ended September 30, Esprit parent company Esprit Global Revenue fell 16.2% year-on-year to HK$3.334 billion, of which retail channel sales fell 17.8% year-on-year, accounting for 37% of total revenue. %.

In the first quarter, E-Commerce revenue was HK$831 million, down 15.2% year-on-year from the previous year’s HK$980 million. The fixed exchange rate fell 14.9%. The channel’s total revenue in the first quarter was 24.9%. In the first quarter, 97.4% of the E-Commerce channel revenue came from the European market. The fixed exchange rate of the first quarter of the market fell by 14.1%, accounting for 36.7% of the first quarter of the Asia-Pacific E-Commerce channel.

The company explained that on the one hand it was affected by the group’s reorganization of the retail store network, including exiting the Australian and New Zealand markets. On the other hand, the continuous decline in offline passenger traffic and the warm climate in Europe have affected the sales of autumn commodities.