Esprit continues to report revenue decline in Q1

For the first quarter ended September 30, 2018, Esprit continued to report weakness in revenue as a result of declining customers’ traffic and extended warm summer temperature in Europe which impacted sales of autumn merchandise. Esprit’s revenue amounted to 3,334 million Honk Kong dollars (425 million dollars), a decline of 16.2 percent in local currency term (LCY) compared to the corresponding reduction in total controlled space of 10.6 percent.