CHINA DONGXIANG: Kappa brand store retail revenue in the first quarter decreased by low to mid single digits year-on-year
CHINA DONGXIANG announced the decline in retail revenue of Kappa brand stores for the first quarter of the 2024/25 fiscal year. According to the data, the retail revenue of Kappa brand stores decreased by a low single-digit percentage year-on-year, and same-store sales also decreased by a mid-single-digit percentage. As of June 30, 2024, the group had a total of 1003 Kappa brand stores, a net decrease of 9 stores compared to the end of March last year
According to the news from the Zhitong Finance and Economics APP, China Dongxiang (03818) announced that in the first quarter of the 2024/25 fiscal year, the retail revenue of the Kappa brand stores of the group experienced a low single-digit year-on-year decline; when calculated based on the Kappa brand stores that were already operational at the beginning of the same quarter last year, same-store sales saw a mid-single-digit year-on-year decline.
As of the first quarter ending on June 30, 2024, the number of Kappa brand stores owned by the group was 1003, a net decrease of 9 stores compared to March 31, 2024
