Asian Apparel Retailers' Net Profit Declined.

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< p > Asia < a href= "//www.sjfzxm.com/news/index_s.asp" > clothing retailers "/a" Express Group recently disclosed that the first 9 months of the financial year, the group's operating profit and revenue have increased, but its net profit is 84 billion 800 million yen, down 4.1% compared to the same period.

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< p > because of the sluggish and continuous loss of the high-end Cowboy brand jbrand, the XXX group lowered its annual target for the second time in the current fiscal year to the end of August 2014. Now the net profit is expected to be 78 billion yen.

When the group released its interim results in April, it lowered its annual performance expectations for the first time. At that time, net profit was forecast to decrease from 92 billion yen to 88 billion yen, far below the market forecast of 94 billion 500 million yen, and business profit expectations were also sharply reduced to 145 billion 500 million yen, after a target of 156 billion yen in line with analysts' expectations.

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< p > the reason why the group lowered its profit target is that the third quarter results of low price leisure brand Gu and high-end Cowboy brand jbrand failed to reach the standard; France's a href= "//www.sjfzxm.com/news/index_f.asp" > underwear < /a > brand princessetam.tam unexpectedly appeared net profit shrink in the first 9 months.

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