Retail in Asia

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HK’s Trinity anticipates China growth despite near term slowdown

Trinity Ltd is a leading high end menswear retailing group that manages six international menswear brands: Altea, Cerruti 1881, D’urban, Gieves & Hawkes, Intermezzo and Kent & Curwen. The company posted a 50 percent increase in 2011. This year, growth is slowing, but the pace is anticipated to continue for several years.

"We see a slowdown in this (China luxury) market. We are targeting a low teen growth in term of same store and we will probably see a high single-digit same store sales growth in the first half," said group managing director Sonny Wong. Wong said the luxury retail market may suffer in the first half as economies in some high-growth export-oriented regions in China are affected by the uncertain global economy.

Wong remains optimistic for the second half of 2012. He hopes that spending will rise as banks loosen up on lending curbs, stimulus packages emerge, and investments in infrastructure increase.

(Source: red luxury)