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29. April 2024
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Tag: Giordano

Retail Asia24/06/2022
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Fashion

Chow Tai Fook arm in bid for Giordano International

2min0
Giordano International Ltd. climbed as much as 23% after an investment vehicle owned by Hong Kong’s third-richest person offered to buy the apparel retailer. Clear Prosper Global Ltd., a BVI vehicle wholly-owned by Chow Tai Fook Nominee Ltd., offered to buy Giordano for HK$1.88 (24 cents) per share, according to a filing late Thursday. That’s an […]
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Retail Asia29/09/2021
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Fashion

Giordano opens store in Ghana

2min0
Hong Kong-headquartered apparel brand Giordano has launched its first store in Ghana, adding to its African footprint, which already includes Kenya, Mauritius, South Africa, and Zambia. Partnering with local retail chain Melcom Plus, Giordano is planning to open more stores in the country this year at Achimota, Frafrah, Tema, and Weija – all inside in […]
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Retail Asia25/02/2021
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Fashion

Giordano opens largest retail store in Indonesia’s

1min0
Apparel retailer Giordano has unveiled a large-scale store in the newly opened Bumi Raya City Mall in Pontianak, Indonesia. Located on the mall’s first floor, the Giordano store spans 2300sqft and offers a complete range of men’s, women’s and children products. “This is our second store in Pontianak, which is one of the most culturally […]
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Retail Asia21/04/2020
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Fashion

Giordano sales drop 34.6 per cent in March quarter

1min0
Fashion group Giordano says its March quarter sales fell by 34.6 percent as the outbreak of the coronavirus pandemic saw stores shuttered in key markets. Comparable same-store sales growth was a negative 30.2 percent. “Since the outbreak of the Covid-19 pandemic, many countries have implemented public health measures and ‘lockdowns’, often resulting in the halting […]
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Retail Asia12/03/2020
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Fashion

Giordano looking for global expansion

3min0
Giordano group sales fell 11.9 percent last year to HK$4.852 billion (US$624.6 million). Sales from physical stores fell by 9.6 percent, while sales to franchisees declined by 24.2 percent, partly due to the tightening of the company’s credit policy in light of weakening economic conditions. Excluding the impact of a change in accounting standards to […]
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Retail Asia30/01/2020
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Fashion

Giordano issues profit warning to Stakeholders

2min0
Giordano International expects profit attributable to shareholders to fall by about 38 percent for the December year, based on a preliminary review of accounts. The fashion label issued a statement to the Hong Kong Stock Exchange warning shareholders ahead of a formal results announcement scheduled for March. Chairman and CEO Peter Lau said that while […]
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Retail Asia19/12/2019
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Fashion

Giordano opens four stores in Mauritius

2min0
Hong Kong apparel brand Giordano has opened four locations in Mauritius. The stores are located in the Riche Terre Shopping Mall as well as the Rose Hill, Quatre Bornes and Curepipe areas. “We pride ourselves on being a ‘world brand’ – and our overseas expansion initiative, which commenced several years ago, is now bearing fruit,” […]
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Retail Asia15/11/2019
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Fashion

Giordano opens new-generation store in Dubai

1min0
Hong Kong-listed apparel brand Giordano has revealed a new generation store design in its fully renovated store in Mirdif City Centre in Dubai. The 2000sqft store has a fresh new look embracing a more refined concept with the space maximized for product displays and customer interaction, including wider entrances and larger, more comfortable fitting rooms. […]
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Retail Asia30/10/2019
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Fashion

Giordano sales down across China

1min0
Giordano sales slid by 8.6 percent in the three months to September, or by 7.1 percent if measured by constant exchange rates. Comparable same-store sales fell by 10.3 percent. The damage to Giordano sales was largely borne in Hong Kong and Mainland China, where protests have hit inbound mainland tourist numbers since June and Chinese […]
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Retail Asia22/08/2019
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Fashion

Trade war, climate erode first-half Giordano sales

5min0
The China-US trade war and unseasonably warm winter have been blamed for Giordano sales falling 11 percent in the first half of the year. Profit for the Hong Kong-headquartered apparel retailer was impacted even more, dropping 36.6 percent to HK$161 million (US$20.5 million) on revenue of $2.542 billion ($324 million). By market, sales in Mainland […]
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Retail Asia06/05/2019
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Fashion

Giordano sales down in China

2min0
Giordano sales in Greater China plunged by 17.7 per cent during the first quarter, dragging group-wide sales down by 10.8 per cent, or 8.5 per cent on a constant currency basis. In a stock exchange filing on the eve of the holiday weekend the casual apparel retailer blamed the downturn on “uncertainty stemming from the […]
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Retail Asia11/03/2019
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Fashion

Mixed results for Giordano International

4min0
Hong Kong casual-apparel brand Giordano International has reported a small increase in sales for last year – and a dip in profit. Group-wide sales reached HK$5.509 billion last year, up 1.8 per cent, with same-store sales down a marginal 0.1 per cent. Profit attributable to shareholders fell 4 per cent to $480 million. In a […]
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Retail Asia24/09/2018
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Fashion

Giordano to open six more store in the Middle East

3min0
Giordano Middle East has opened six new stores and relaunched its e-commerce platform. The new stores are located at the Ajman City Center and Ibn Battuta Mall in the UAE, Riyadh Park, Villaggio Mall and Lulu Briman in Saudi Arabia and at Al Kout Mall in Kuwait. The Hong Kong-headquartered, global fast-fashion brand has also […]
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Retail Asia13/08/2018
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Fashion

Giordano slows down in Hong Kong, Macau market

2min0
Apparel retailer Giordano says sales growth in its key Hong Kong and Macau market has become “increasingly sluggish”. While the year started well, “inclement weather and fierce competition have hindered performance so far,” chairman and CEO Peter Lau said in the company’s half-year results announcement. “But we are confident the experienced local management team will […]
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Retail Asia24/05/2018
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Fashion

Giordano faces backlash over ‘sexist’ clothing line

2min0
Hong Kong fashion brand Giordano is scrambling to remove an advertising campaign slammed as “sexist” on social media. Promoting the “Team Family Series”, the advert shows a family posing together with the man wearing a t-shirt emblazoned “Work” while the wife’s shirt proclaims “Cook”. When posted on social media last week, it outraged dozens of […]
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Retail Asia21/05/2018
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Fashion

Giordano International sales boost by online sales

3min0
E-commerce has helped boost the first-quarter bottom line for Hong Kong-based clothing retailer Giordano International, particularly in China. Unaudited figures for the three months to the end of March show Giordano’s overall e-business generated HK$81 million (US$10.3 million) in revenue, representing a year-on-year increase of 44.6 per cent. Of this, Mainland China accounted for 87.9 […]
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