Hong Kong’s Forward Fashion’s H1 profit rises as costs fall

Forward Fashion’s H1 sales fell 5.7 per cent, but profit rose to HK$38.8 million (~$53.32 million) on better margins and lower operating costs.
China and Hong Kong/other markets grew, partly offsetting Macau weakness; retail, online and store-management revenue declined.
It will retain stronger sites, close weaker stores selectively, expand digital and omnichannel, and keep tight cost control.Read More