On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 100.7 FM Terre Haute, IN

Weather

Current Conditions(Terre Haute,IN 47807)

More Weather »
42° Feels Like: 42°
Wind: E 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Sunny 69°

Tonight

Mostly Clear 44°

Tomorrow

Partly Cloudy 74°

Alerts

Retailer Esprit says China market a priority and big opportunity

People shop at an Esprit Outlet store in Singapore September 10, 2013. REUTERS/Edgar Su
People shop at an Esprit Outlet store in Singapore September 10, 2013. REUTERS/Edgar Su

HONG KONG (Reuters) - Retailer Esprit Holdings Ltd <0330.HK> said on Friday China remains a big opportunity, listing it as a priority over the next two years, even after reporting a drop of 24.5 percent in overall turnover in that market.

The company also said it had hired Bernard Mah, a former executive of Hong Kong-listed Giordano <0709.HK>, as managing director. Mah was chairman of Giordano's China operations for 17 years through 2013.

Earlier on Friday, Esprit said it had swung to its first profit in a year after its new chief executive introduced a plan to cut costs and revamp its supply chain.

(Reporting By Clare Baldwin and Downny Kwok; Editing by Anne Marie Roantree and Clarence Fernandez)

Comments