Giordano first-quarter sales slide by 30pc

Giordano International (0709) said first-quarter sales plunged by 35 percent. Same-store sales fell by 30.2 percent year-on-year.

The last-quarter sales in Hong Kong and Macau market dropped by 51 percent to HK$110 million.

Meanwhile, in the mainland, sales decreased by 49 percent to HK$151 million. In Taiwan, the sales fell by 17 percent to HK$133 million.

In other Asia pacific regions, sales slumped by 27 percent to HK$291 million.

The number of global stores was down by 128 to 2,263, as of the end of March.