Retail in Asia

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Giordano net profit declines to USD52.6m in 2014

Clothes retailer Giordano International Ltd has announced that its annual net profit decreased by 38.46 percent to HKD408 million (USD52.6 million) last year as sales shrank.

The company told the Hong Kong Stock Exchange that sales revenue contracted by 5.18 percent to USD5.55 billion as it sold fewer clothes not only in Greater China but also in the rest of Asia and the Pacific.