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Win Hanverky's Same-Store Sales Fall 18% in Q3
Win Hanverky Sees Mixed Financial Results
Win Hanverky (03322.HK)'s high-end fashion retail business saw a 36% increase in overall earnings last quarter.
Win Hanverky (03322.HK) announced that the direct-operated physical stores of the luxury fashion retail business saw a decrease of about 18% and 22% in same-store sales in the third quarter of this year and year-to-date, respectively. The overall revenue growth rates of the luxury fashion retail business in the third quarter of this year and year-to-date were approximately 36% and 3%, respectively. In the second half of this year, the luxury fashion retail business introduced a franchise-operated store model for a rapidly growing brand. The overall revenue growth rate in the third quarter showed significant increase, mainly driven by the wholesale revenue to the brand's franchisee.
Win Hanverky (03322) had a total of 108 directly operated physical stores for high-end fashion retail business as of the end of September.
win hanverky (03322) announced that, as disclosed by the company on October 10, 2023, Caesar Trading (...
WIN HANVERKY: INTERIM REPORT 2024
Win Hanverky Holdings Logs Narrower Loss in H1; Shares Down 3%
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