Zara International (00709.HK) achieved a significant increase in sales volume of 5.2% in the first quarter calculated at a fixed exchange rate.
Intelligence Financial APP News, Giordano International (00709.HK) announced that in the first quarter, the group's sales increased significantly by 5.2% calculated at fixed exchange rates, demonstrating strong resilience despite unfavorable exchange rate impacts. Overall growth reached 3.7%. Apart from Southeast Asia, all major markets showed positive performance, with the Gulf Cooperation Council region achieving a significant growth of 15% year-on-year, partially due to the time difference during Ramadan. The Southeast Asia region faced challenges due to poor performance of non-Giordano brands in Indonesia, and the group is actively streamlining operations to address these issues.
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