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Wholesale revenue fell 12 per cent, and direct-to-consumer sales decreased by 8 per cent, driven by a planned reduction in e-commerce promotions. By product, apparel sales dropped by 12 per cent, footwear by 11 per cent, and accessories rose 2 per cent. However, the company’s gross margin improved by 200 basis points to 49.8
The economy remains volatile, inflation continues to rise, and consumer confidence is on shaky ground. According to the 2025 NRF Retail Outlook Report, 74% of consumers have changed their spending habits due to inflation, and nearly 68% say price is now their most important purchase factor. Today’s economy is fluid.
From Chinese power banks to French handbags, companies large and small are quietly passing on their higher costs to consumers. Meanwhile, consumers bracing for higher costs on platforms like Shein and Temu may soon find their fears have materialised. As tariff walls rise, so are retail prices.
Additional accessories such as cash drawers and barcode scanners, which streamline cash handling and inventory management processes, making operations more efficient. Furthermore, transaction fees can add to your overall operatingexpenses, so it’s essential to factor these in.
Operatingexpenses were HK$5 billion, up 44 per cent on the prior year, which was attributed to the reversal of the provision for inventories and impairment losses. Revenue from e-commerce, wholesale and retail all dropped by 14-20 per cent, while licensing sales remained relatively stable.
Operatingexpenses were HK$5 billion, up 44 per cent on the prior year, which was attributed to the reversal of the provision for inventories and impairment losses. Revenue from e-commerce, wholesale and retail all dropped by 14-20 per cent, while licensing sales remained relatively stable.
Here are 10 simple ways to reshape and revive your product portfolio, inspired by current consumer trends. They tend to under-represent low-volume production costs and your enterprise’s operatingexpenses. But having one that’s out of touch with the times or poorly selected cuts a close second. Assess Your Portfolio’s Needs.
The gutting of the fashion, accessories and home-furnishing sectors by e-commerce and the conversion of malls from apparel-heavy, transactional beasts to community social hubs has made mall landlords extremely welcoming of cafes. billion, but were outpaced about fourfold by operatingexpenses, contributing to a halving of net income, to $384.1
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