Year-on-year changes for the nine months ended
September 30, 2004 (except otherwise stated)
Comparable Store Increase
YTD Turnover
YTD Turnover (1)
In Outlets
Sept
Jun
Sept
Jun
Sept
By Major Markets
Mainland China
13.1%
15.7%
5.2%
7.7
63
Hong Kong
21.9%
21.5%
17.4%
18.8%
11
Taiwan
19.9%
21.4%
5.1%
8.0%
32
Singapore
20.4%
25.8%
21.3%
26.9
1
By Brands
Giordano & Giordano Junior
18.4%
20.3%
11.5%
14.4%
123
Giordano Ladies
31.2%
34.2%
24.7%
30.1%
2
Bluestar Exchange
35.5%
40.2%
12.4%
14.3%
25
Group (3)
19.1%
21.7%
12.4%
15.3%
150
Notes:
Inclusive of outlets operating for the full 9 and 6 months in periods under comparison.
Since December 31, 2003 and exclusive of Giordano Junior corners operating within Giordano outlets.
Group figures include both manufacturing and retail and distribution divisions.
Group gross margin for YTD September was 49%, one percentage point lower than that of YTD June, reflecting seasonally lower margins in the summer.
Group inventory turnover days on sales for YTD September was 27 days, 4 days higher than that of YTD June, but still below the Group's target range of 28 to 32 days.
On September 30, 2004, the Group had approximately HK$ 616 million in net cash and bank balances.
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