Nominal 
[ET Net News Agency, 5 May 2015] Esprit Holdings (00330) said Group turnover declined 12.2% year-on-year in local currency in the third quarter ended 31 March 2015 (-25.5% in Hong Kong dollar terms) to HK$4,510 million.
Retail turnover amounted to HK$2,773 million for 3Q FY14/15, representing a year-on-year decline of 8.3% in local currency (-21.1% in Hong Kong dollar terms), as compared to a 3.1% year-on-year reduction in net sales area. The higher decline in turnover than the corresponding reduction in net sales area was primarily due to aggressive discounting in the marketplace in January 2015 to clear inventories from the Autumn/Winter 2014 season which remained unsold due to the unusually warm European winter.
Wholesale turnover amounted to HK$1,701 million for 3Q FY14/15, representing a year-on-year decline of 17.7% in local currency (-31.9% in Hong Kong dollar terms), as compared to a 14.1% year-on-year reduction in controlled wholesale space.
For the nine months ended 31 March 2015, Group turnover dropped 12.8% in local currency to HK$15,226 million. (HL)
Retail turnover amounted to HK$2,773 million for 3Q FY14/15, representing a year-on-year decline of 8.3% in local currency (-21.1% in Hong Kong dollar terms), as compared to a 3.1% year-on-year reduction in net sales area. The higher decline in turnover than the corresponding reduction in net sales area was primarily due to aggressive discounting in the marketplace in January 2015 to clear inventories from the Autumn/Winter 2014 season which remained unsold due to the unusually warm European winter.
Wholesale turnover amounted to HK$1,701 million for 3Q FY14/15, representing a year-on-year decline of 17.7% in local currency (-31.9% in Hong Kong dollar terms), as compared to a 14.1% year-on-year reduction in controlled wholesale space.
For the nine months ended 31 March 2015, Group turnover dropped 12.8% in local currency to HK$15,226 million. (HL)