WIN HANVERKY's same-store sales for high-end fashion in the last quarter fell by 10% year-on-year

WIN HANVERKY (03322.HK) announced that for the three months ended September 30 this year (third quarter), the same-store sales growth rate of its direct retail stores in the high-end fashion retail business decreased by approximately 10% year-on-year; for the nine months ended September 30 this year, it decreased by 7% year-on-year.

In the third quarter of this year, the overall revenue growth rate of the high-end fashion retail business increased by 5% year-on-year; for the first nine months of this year, it also increased by 5% year-on-year. The group stated that the overall revenue growth rate so far this year has risen, mainly driven by wholesale revenue from sales to the brand's franchisees.

As of September 30 this year, the group had a total of 87 direct retail stores, a decrease of 21 stores year-on-year, of which there were 66 stores in mainland China, 12 in Hong Kong and Macau, and 9 in other regions