Parkson Retail Group (HK:3368) has released an update.
Parkson Retail Group reported a significant drop in revenues for the third quarter and first nine months of 2024, with total operating revenues falling by 16.5% and 13.6% respectively, compared to last year. Same store sales also decreased sharply, resulting in a loss of RMB29.3 million for the first nine months, a stark contrast to the profit of RMB67.3 million reported during the same period last year. Despite operational profits, the financial strain highlights challenges in the retail market.
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