Ports Baozhong Profits Fell 61% In The First Half, A Total Reduction Of 25 Stores

Ports Design Limited Baozi The fashion company announced that the median revenue as of June 30th decreased by 10.3% to 965 million yuan (RMB, the same below), which was 1 billion 76 million yuan in the same period last year. Among them, the retail revenue decreased by 10.1% to 976 million yuan due to the weak consumption in China's luxury market, and the other income fell 11.8% to 99 million 500 thousand yuan. At the end of the first half of this year, the Group operates 327 retail outlets in mainland China, Hongkong, the United States and Canada, a decrease of 25 compared with the same period last year.

Operating profit fell by 47.3% to 205 million yuan on average, and net profit was 54 million 965 thousand yuan, a sharp decrease of 60.7% compared with the same period last year, with a diluted earnings of 0.10 yuan per share. Gross margins fell slightly by 40 basis points by 81.5%.

　　 Baozi In order to expand the retail network and enhance product development, the cash flow of business activities over the previous year decreased significantly compared with the same period last year, so the board recommended that the interim dividend be suspended.

The Zara striped T-shirt was similar to the prison camp of the World War II Jewish camp.

According to reports, Zara, a Spanish clothing store, launched a children's pajamas T-shirt, which was criticized by Jews for wearing in the World War II massacre camp. Prison clothes Be similar. The company later apologized, claiming that the design inspiration was from the sheriff's T-shirt, which has been withdrawn from shops and websites.

Reported that the T-shirt object is 3 months old to 3 year old children, printed with blue and white stripes, left chest position has a six horns of yellow star, and printed with the word "Sheriff" (Sheriff) word. The products were originally sold in online stores in Zara, UK, Israel and France. Israeli newspapers pointed out that the location of the star pattern coincides with the "star of David" that the Nazis forced the Jews to wear.