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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. Operatingexpenses decreased 15 per cent, and net income for the quarter was $170 million. However, the company’s gross margin improved by 200 basis points to 49.8
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. 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.
If you are debating whether or not to start a wholesale business, you have come to the right place. As a wholesaler, you are going to be providing products to other companies at a discounted price. Now that you know what wholesalers do, you also need to understand profit margins in order to make money. billion in revenues).
The increased accuracy and efficiency lead to significant cost savings over time, making ERP a smart investment for retail businesses looking to cut operationalexpenses. Automation reduces manual tasks and the risk of human error, ensuring greater accuracy in operations.
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