On January 24, Gelonghui announced that CHINA DONGXIANG (03818.HK) reported a year-on-year decline in retail sales at Kappa brand stores in the mid-single digits for the third quarter of the 2024/25 fiscal year. Cumulatively for the 2024/25 fiscal year, retail sales at Kappa brand stores recorded a year-on-year decline in the mid-to-high single digits.
For the third quarter of the 2024/25 fiscal year, calculating based on Kappa brand stores that commenced operation at the beginning of the same quarter last year, same-store sales recorded a year-on-year decline in the high single digits. Cumulatively for the 2024/25 fiscal year, same-store sales calculated from Kappa brand stores that began operations at the beginning of the same quarter last year recorded a year-on-year decline in the mid-to-high single digits.
As of the end of the third quarter on December 31, 2024, the number of Kappa brand stores in the group was 1,005, a net decrease of 7 stores compared to March 31, 2024 (the end of the 2023/24 fiscal year).
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