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Esprit posts $460 million loss in ‘distressing’ year

Inside Retail

Revenue from e-commerce, wholesale and retail all dropped by 14-20 per cent, while licensing sales remained relatively stable. Operating expenses 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.

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Esprit posts $300 million loss in ‘distressing’ year

Inside Retail

Revenue from e-commerce, wholesale and retail all dropped by 14-20 per cent, while licensing sales remained relatively stable. Operating expenses 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.

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How to Start a Wholesale Business

Independent Retailer

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).