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Giordano International (00709) achieved revenue of HK$820 million in the third quarter, a year-on-year decrease of 8.3%
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According to the Zhitong Finance App, Giordano International (00709) announced that for the quarter ended September 30, it achieved revenue of HK$820 million, a year-on-year decrease of 8.3%; the Group's same-store sales were HK$605 million, a decrease of 7.1% year on year; and global brand sales were HK$893 million, down 7.7% year on year. For the year ended September 30, revenue was HK$2,734 million, a decrease of 3.3% year on year; the Group's same-store sales were HK$1,992 billion, a decrease of 2.7% year on year; and global brand sales were HK$3,082 billion, a decrease of 3.4% year on year.

In the third quarter, Giordano's core business achieved strong revenue growth in most geographical groups and markets, despite the influence of Indonesian non-Giordano brands on sales revenue and strategic decisions relating to online business in mainland China.

In Greater China, the company strives for retail excellence and achieved excellent results. Among them, same-store sales in Hong Kong and Taiwan increased by 3.1% and 3.4% respectively. In mainland China, as part of a strategic reorganization, the company is planning to streamline its physical store layout. By the third quarter of 2026, the number of stores had decreased by 53 compared to the same period in 2025. Although the move puts pressure on revenue performance, the strategy aims to improve the quality of the store portfolio and enhance overall profitability in the long run.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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