Business Intelligence on Retailing, Franchising, and Consumerism in China


Bossini Reports Revenue Growth In Mainland China

Hong Kong-based apparel retailer Bossini has published its annual financial report for the year ending June 30, 2009, stating that mainland China was Bossini's only marketplace that saw revenue growth over the period.

During the fiscal year end June 30, 2009, due to the impact of the global financial crisis Bossini's annual revenue decreased by 3% year-on-year to HKD2.254 billion. According to the report, Bossini's revenue from Hong Kong, the company's largest market, decreased by 1% year-on-year to HKD1.279 billion, accounting for 56% of its total revenue; and its revenue from Taiwan, Singapore, and Malaysia all decreased by over 10% compared with the same period of the previous year.

The Chinese mainland market, on the other hand, saw a revenue increase of 5% to HKD468 million: accounting for 21% of Bossini total revenue.

To seize the opportunities in the Chinese mainland market, Bossini said it had greatly increased the number of its retail stores in this marketplace. By the end of June 2009, the number of the company's directly-managed stores in mainland China had been increased from 304 in the previous year to 362; and the number of its franchised stores had been increased from 188 to 216.





Be the first to comment on "Bossini Reports Revenue Growth In Mainland China"

Leave a comment

Your email address will not be published.


*




  Other China News

ChinaTechNews.com:

Yang Weidong Earns President Role At China's Biggest Video Producer

Alibaba Joins With SoftBank For Japanese Cloud Computing Expansion

Xiaomi Sinks As Huawei Dominates In Chinese Smartphones

Suning's Digital Plans Will Send Chinese Back To The Countryside


GreenChinaTech:

Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center


ChinaSourcingNews.com:

Guests looking for sustainable hotels says AccorHotels as it unveils bold new CSR commitments

China's Smartphone Shipments Down 5% In Q1 2016

Vodafone, TM Forum and Huawei Join Efforts to Publish Open API MAP

Did China Lose A Major Mobile Phone Manufacturer To India?