Zhitong Financial APP News, Lyle Stein (00738) issued an announcement that in the three months ended August 31, 2023 (the second quarter of fiscal year 2023), the group's proprietary retail business achieved a 14.8% drop in total sales and a 1.4% drop in same-store sales compared with the same period last year.

In the second quarter of fiscal year 2023x24, total sales of the group's e-commerce business fell by 15.3% compared with the same period last year. As at 31 August 2023, the Group had 297 retail stores in mainland China and Hong Kong, a net decrease of 84 compared with the same day last year. These include 271 proprietary stores in mainland China and Hong Kong, and 26 franchise stores in mainland China.