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Retail Asia02/03/2021

Casual apparel retailer Bossini says it will close more stores in Hong Kong as many landlords remain unwilling to convert leases to turnover-based rents. The company has reported a loss of US$11.2 million for the December half after sales fell 25 percent. With Hong Kong and Macau accounting for 66 percent of sales in 2019, […]

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Retail Asia16/11/2020

Local clothing chain Bossini said it has suffered a loss of more than HK$367 million in its last financial year and warned that it may have to close some of its stores in the city unless landlords agree to provide more “reasonable” rent relief and reduction. The clothing chain’s reported loss is almost three times […]

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Retail Asia18/09/2020

Covid-19 has increased Hong Kong-listed apparel group Bossini’s loss attributable to shareholders by 174 percent from last year to US$48.85 million. Sales for the 12 months to June 30 hit $141 million, down by 27 percent, and gross margin fell to 49 percent, from 52 percent last year. “Since 2019 the economic environment of the […]

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Retail Asia22/06/2020

Hong Kong-based apparel retailer Bossini says its database of loyalty program members and online customers was hacked earlier this month. The company says the information accessed without authorization on or around June 3 included customers’ names, addresses, phone numbers, email addresses, gender, age range and month of birth. “The leaked files do not contain any […]

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Retail Asia18/06/2020

Troubled apparel retailer Bossini has issued another profit warning after reviewing 11 months of its trading year. In a filing with the Hong Kong stock exchange, Bossini says it expects that the loss attributable to shareholders for the period to May 31 was between US$38 million and $42 million. The company attributed the loss to […]

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Retail Asia18/05/2020

A Chinese company controlled by Li Ning plans to buy a controlling stake in Hong Kong-listed apparel group Bossini, with plans to expand the business in Mainland China. A venture called Viva China will buy 1.09 billion shares in Bossini, paying just HK$46.6 million (US$6 million) for 66.6 percent of Bossini’s issued capital, effectively buying […]

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Retail Asia04/03/2020

Hong Kong-headquartered apparel chain Bossini is to close down its Taiwan business, expecting to close all 51 stores by July 31. Chairman Bess Tsin said Bossini Taiwan will start discussions with landlords over terms for exiting leases early and all employees made redundant will be compensated as required by local laws. She expects the closure […]

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Retail Asia21/02/2020

Apparel retailer Bossini has revealed a loss of HK$93.7 million (US$12 million) during the six months to December – more than triple the $25.7 million loss of the same period a year earlier. Sales were down 20 percent from $875 million to $699 million ($89.9 million). The bleak results were not unexpected, after the company […]

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Retail Asia17/02/2020

A week out from releasing its half-year results, apparel retailer Bossini has warned shareholders of a bleak performance. Chairman Bess Tsin said in a stock-exchange filing that the group expects to record a loss attributable to shareholders ranging between HK$85 million and $105 million for the six months ended December 31. That could be as […]

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Retail Asia19/09/2019

Lifestyle apparel brand Bossini has warned shareholders its loss this year will blow out to about $139 million, citing Hong Kong’s rolling protests. That figure is higher than the $124 million it projected at the end of May after reviewing management accounts showing a loss of $92 million for the 10 months to April. It […]

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Retail Asia20/06/2019

Bossini has issued a profit warning saying unseasonal weather and weak consumer sentiment is impacting sales. In a stock exchange filing in Hong Kong, where the company is listed, Bossini chairwoman Bess Tsin said unaudited consolidated management accounts of the group for the 10 months to April 30 indicate a loss attributable to shareholders of […]

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Retail Asia07/05/2019

Bossini Singapore opened a new store concept at Jewel Changi today. The fashion retailer says shoppers can look forward to an enhanced visual and shopping experience in the new store. The interior is fitted out with materials that resemble nature while walls are fitted with LED TV screens and an interactive Lego panel for further […]

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Retail Asia22/02/2019

An unseasonably warm winter and weak consumer sentiment in core markets has been blamed for a more than doubling of losses for Bossini International in the six months to December. The casual-fashion retailer reported a 10 per cent decline in group revenue to HK$875 million (US$111.5 million) and a 5 per cent drop in same-store […]

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Retail Asia17/01/2019

Bossini International has warned the group is expected to record a loss attributable to owners of between HK$23 million and $28 million (US$2.93 million to $3.6 million) for the six months to December – roughly double the loss of the same period last year. Chairman Bess Tsin said in a stock exchange filing that the […]

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Retail Asia24/09/2018

Foreign exchange losses hobbled the recovery of Hong Kong-headquartered fast-fashion label Bossini. In full-year results just released, Bossini reported a 3 per cent decline in total revenue to HK$1.958 billion (US$249.6 million), largely due to a decrease in sales from the export franchising business. However gross margin rose rose two percentage points to 53 per […]

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Retail Asia22/02/2018

Apparel brand Bossini International Holdings remains optimistic despite a slip in revenue and profit turning to loss for its six months to the end of December. It says growth is projected to continue rising in emerging markets and developing economies, supported by a favourable global financial environment and a concomitant recovery in advanced economies. “The […]

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Retail Asia22/09/2017

“Severe” competition in core markets and continuing weak consumer sentiment have shredded profits for apparel company Bossini International Holdings for its fiscal year to the end of June. It was hit hardest at home in Hong Kong, where despite more positive business sentiment the its retail business continued to languish. Strong growth continued, however, in […]

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Retail Asia25/07/2017

A “significant” drop in Bossini profit attributable to its owners is expected for the year to the end of June. Its board says the group expects only a small profit close to breakeven, compared to the profit attributable to the owners of HK$292 million (US$37 million) for the previous year. It says reasons for the […]

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Retail Asia14/03/2017

High-end international brands have long held court alongside local Hong Kong indie fashion designers – who are now enjoying greater visibility in the city’s vibrant retail market. The city’s deep-rooted love of luxury has seen names like Gucci and Hermes open multiple stores in the city – stores that have co-existed with a stable of […]

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Retail Asia24/02/2017

Overall revenue fell 11 per cent for apparel retailer Bossini International during the first half of its financial year. However, its interim results to December 31, showed an improvement in gross margin – by four points to 51 per cent, attributed to more effective sales and marketing strategies. Profit for the period attributable to the […]

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