BRIEF: Lianhua Supermarket’s Q1 revenue slumps, but profit doubles
Lianhua Supermarket Holdings Co. Ltd. (0980.HK) reported Tuesday that its revenue fell 15% year-over-year to 5.97 billion yuan ($821 million) in the first quarter, while its profit surged 141% to…
Atour relies on network expansion to counter economic slowdown
The hotel operator’s revenue rose 55% last year, but it forecast the growth would slow to about half that level in 2025 Key Takeaways: Atour’s revenue rose 38.5% in the…
Miniso struggles to impress investors, even with a successful ‘toy story’
The company is finding success with its Top Toy business and overseas expansion, while its core traditional retail segment has become a drag Key Takeaways: Miniso’s newer chain of Top…
Baozun returns to the black as Gap expansion accelerates
The e-commerce services and brand management company’s revenue rose 7.7% in the fourth quarter, as it announced plans to open a net 40 new Gap clothing stores in China this…
BRIEF: Giordano’s profit falls 30% in 2024
Casual clothing seller Giordano International Ltd. (0709.HK) said on Thursday it expects to report that its net profit last year fell 35% or more year-on-year to between HK$205 million ($26…
BRIEF: Lifestyle China raises privatization offer price
Department store operator and retailer Lifestyle China Group Ltd. (2136), announced on Thursday that its chairman and major shareholder Lau Luen Hung raised his offer to privatize the company by…
BRIEF: Xtep records strong sales gains in fourth quarter
Athletic shoe maker Xtep International Holdings Ltd. (1368.HK) on Thursday reported strong growth in its core China market during the fourth quarter, led by exceptionally strong growth for its discounted…
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