Qianbaibai is expected to lose 20 million in the first half of the year

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Keywords such as “stock price plunging”, “stopping acquisition”, “semi-annual report from profit-to-loss” and “end-of-sale” were marked on Qianbai. The Hong Kong company became another down-street women’s shoe company after Belle and Daphne.

Since June 21, Qianbai's share price has fallen sharply. As of press time, its closing price was HK$0.62, which was more than 70% lower than the closing price of HK$2.43 on June 20. Affected by this, the sale of the 1.3 billion Hong Kong dollar market capitalization of new shares was terminated.

Previously, Qianbai announced on May 16 that it intends to allocate certain shares to Wangfujing and Jichangqun in order to Free Coupon Codes supplement working capital and repay asset acquisitions. Among them, the Placing Shares accounted for approximately 26.48% of the issued shares of Qianbaidu on the announcement date, and the total market value of these shares was HK$1,331 million according to the quotation on the day of the agreement.

Wangfujing Group, Chairman of Rich Holdings, Ji Changqun, and Chairman of Zhongbang Jinkong, Tao Wen, intend to subscribe for a total of not less than 120 million Hong Kong dollars, 120 million Hong Kong dollars and 50 million Hong Kong dollar Placing Shares. Based on the median price of HK$2.7 at the time, the allotment of the shares amounted to HK$1.48 billion. Qianbai will use the proceeds from the allotment to repay the purchase of the old house department store brand “House of Fraser”; or repay the existing Bank interest-bearing loans and general working capital.

However, on August 1, Qianbai said that due to the recent sharp decline in the market price of the company's shares, which is far below the level of HK$2.4 to HK$3, Qianbaidu and its placing agents have considered the Placing to become impracticable and therefore agreed to terminate the Placing Agreement.

After the completion of the rights issue, the acquisition ended in delay and abandonment. In May of this year, Qianbaidu and Nanjing Sanjiekou Department Store Co., Ltd. (hereinafter referred to as “Nanjing Xinbai”) under the Sanshi Group reached an agreement to acquire the shares of House of Fraser Holdings from the latter. Thousands of Baidu's acquisitions were divided into two parts, acquiring a 34% stake in House of Fraser for £71.6 million and a new £70 million subscription for new shares issued by House of Fraser for a total of 51%. In the announcement on July 26, Qian Baidu pointed out that the acquisition of House of Fraser will be delayed, mainly because the latter's restructuring plan has been sued by several creditors, so the company and professional consultants need more extra time to implement the restructuring plan and the target company. Financial information, which in turn delays trading.

Subsequently, on August 3, Nanjing Xinbai issued an announcement. Due to the decline in the stock price of Qianbai, the company believes that the current major asset restructuring will be significantly uncertain at this stage. In order to safeguard the interests of all shareholders and the company, the parties to the restructuring have carefully studied and proposed Termination of major asset restructuring with Qian Baidu. At this point, the acquisition plan of Thousand Baidu was lost.

As the saying goes, "The misfortunes are not alone." After thousands of Baidu experienced delays in acquisition, suspension and termination of the rights issue, the company's performance also ushered in a change, and thousands of Baidu turned from profit to loss. On August 1st, the report of the semi-annual report released by Qianbaidu showed that the company's ShoeDazzle Coupons performance in the first half of 2018 is expected to turn from profit to loss, and it is expected to lose 20 million yuan in the first half of this year. The Group's financial loss was mainly attributable to the increase in the Group's financial costs, including the Group's early redemption of certain convertible bonds and notes and the appreciation of the US dollar against the Renminbi.

Although the above reasons are explained, the decline in the performance of Thousand Baidu has become an inevitable fact. At present, most of the women's footwear industry is in a state of recession, and each family is constantly transforming or exploring new development ideas, but the effect is not very obvious, and most of them are not profitable. Belle delisted and Daphne lost money in a row, and Qianbai’s recent management and management were not smooth, and various problems frequently occurred. As of press time, Qian Baidu has not responded to the above questions.


UGG parent company Deckers off season

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Despite many tactical attempts, the Australian snow boots famous brand UGG parent company Deckers Outdoor Corp. (NYSE:DECK) still failed to get rid of the off-season spell.

In the first quarter of the 2018 fiscal year ended June 30, Deckers recorded a net loss of $30.407 million or earnings per share of $1.00, which was narrower than the net loss of $42.21 million or earnings per share of $.32 in the first quarter of fiscal 2018. .

Although the adjusted EPS -0.98 US dollars far exceeded the market expectation of -1.42 US dollars, the quarterly Coupons for Shoes revenue of 250.6 million US dollars also exceeded the market expectations of 228.9 million US dollars, but the United States across the board sharply retraced and the investment bank's Stifel downgrade rating and the quarterly guidance inferior The footwear retailer based in Goleta, Calif., plunged 6.88% on Friday and closed at $105.13 throughout the day. It once fell more than 10% in intraday trading, with a minimum of $105.13, a drop of 11.8%.

Stifel analyst Jim Duffy pointed out that although the US company's profit margin improvement performance over the years was reflected in the strong first-quarter results, the company's rating was reduced from "buy" to "hold", given its limited upside. Only raise the target price to $123, which was previously $120. He also attributed Deckers' lower-than-expected first-quarter results to higher quarterly earnings, higher gross margins, and lower adjusted SG&A expenses.

Deckers expects the adjusted EPS for the second quarter to be $1.60-1.70, well below market expectations of $1.95, and the second quarter revenue is expected to be $4.850-4.95 billion, which is also well below market expectations of $511.6 million.

In April-June, Deckers revenue increased by 19.5% from US$209.7 million in the same period of the previous year, and the fixed exchange rate calculation increased by 17.6%. The gross profit margin improved significantly by 270 basis points to 45.9% during the period; SG&A expenses increased by 1.1% to US$154.4 million. After that, the $153.9 million had a 62.% increase; the operating loss narrowed from $56.256 million in fiscal year 2018 to $39.414 million, with an adjusted operating loss of $38.891 million and a loss of $54.12 million in the same period of fiscal year 2018.

Group CEO Dave Powers praised the steady start in FY 2019, a record first-quarter revenue, and continued to build momentum.

In the first quarter of FY 2019, except for the Sanuk brand revenue, which fell 6.6%, from US$26.2 million to US$24.4 million, UGG, HOKA ONE ONE and Teva recorded 18.9%, 53.1% and 6.2% respectively. The largest brand UGG revenue increased from $114.7 million in the same period in 2018 to $136.5 million.

Revenue growth revenue increased by 22.9% in the wholesale channel, from $144.6 million to $177.6 million; DTC business revenue was $73 million during the period, a year-on-year increase of 12.0%, and the first quarter of 2018 was $65.1 million. The same store in April-June Sales recorded a 6.2% increase.

The local market of $141.7 million ShoeDazzle Coupons remained the main source of revenue for Deckers, up 17.4% from $120.7 million in the same period last year. The international market revenue increased 22.3% to $108.9 million and $18 million in fiscal year 2018.

Supported by first-quarter results, Deckers raised its full-year adjusted EPS forecast to $6.25-6.45, which was previously expected to be $6.20-6.40, and revenue expectations were raised from $19.25-19.50 billion to $19.3-19.6 billion.

Despite experiencing a plunge on Friday, Deckers shares have soared 49% so far this year and have risen 87% in the past 12 months.


Pandora's Mainland China Market Cuts Prices By 15%

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On the third anniversary of the entry of the Danish jewellery brand Pandora into the Chinese mainland market, it announced that since July 19, 2018, the retail price of jewelry of different materials such as bracelets, string ornaments, necklaces and rings has been lowered in different degrees in the Chinese mainland Melorra Coupons market. The overall adjustment is about 15%.

The price adjustment in the Chinese mainland market aims to adjust the long-term difference between the mainland market price and Code Promo Soufeel other market prices due to exchange rate changes and other factors.

Previously, Pandora's 2017 financial report showed that the company's overall profit fell 4.3% in 2017 to 5.77 billion Danish kroner, or about 966 million US dollars. Based on this, the company said that it will upgrade its product category in the new year and will launch 650 new jewelry designs. This number was 450 last year, including two new product lines.


Megan Fox is building a resurgence of American veteran underwear

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A few days ago, the famous American Dacoz actress Megan Fox and lingerie brand Frederick's of Hollywood launched a joint underwear series - Frederick's of Hollywood x Megan Fox opened a flash in the Topshop store on Broadway in SoHo, Manhattan. The store is open from June 28th to June 30th. Megan Fox announced the news on a personal Instagram account, calling on fans to go to the flash store in SoHo to purchase the series. The Megan Fox Instagram account has 5.5 million fans.

It is worth mentioning that in addition to the brand endorsement, Megan Fox has another identity: the shareholders of Frederick’s of Hollywood brand.

Frederick’s of Hollywood is the inventor of the push-up bra, once known as the lingerie retailer Victoria’s Secret. But Frederick’s of Hollywood has been in the doldrums for the past decade and eventually filed for bankruptcy in 2015, closing all stores and moving all of its business to online sales. In the same year, the American brand management company Authentic Brands Group (abbreviated ABG) acquired the lingerie brand for $22.5 million. (For details, see the "Glory" history report: Frederick’s of Hollywood, an American lingerie brand that once had the same name as “Vimi”, filed for bankruptcy.

In 2016, ABG plans to relaunch the Frederick’s of Hollywood brand and announced a strategic partnership agreement with Megan Fox in September. Megan Fox became a shareholder of the Frederick’s of Hollywood brand, holding the brand with ABG and serving as the brand's global ambassador.

As a co-owner and designer of the Frederick’s of Hollywood brand, Megan Fox and ABG are responsible for the brand's category development, retail distribution and marketing. As a global brand ambassador, Megan Fox has been a brand spokesperson for all print, digital media and social media brands from Frederick’s of Hollywood since February 2017.

In April of this year, Frederick's of Hollywood launched Frederick's of Hollywood x Megan Fox series for the first time in the Yoins Coupon Code online store of Forever 21, a fast fashion retailer in the United States. Currently, there are 12 items in the Forever 21 online store for sale. It is between 14 and 68 dollars.

Frederick’s of Hollywood x Megan Fox collection includes lace bras, rimless underwear, thongs, coveralls, boxer briefs, bikinis, and more in black, white, red and blue. Inspired by Megan Fox's free spirit and bohemian style, the collection is positioned for clothing that can be worn from early to late and suitable for the holidays.

At the time, ABG's president and CMO said: "Megan Fox is the embodiment of self-confidence and glamour. She has a unique perspective, full visibility, and a large fan base, which is the best partner for us to reshape the brand."

About Megan Fox

Megan Fox was born on May 16, 1986 in Tennessee, USA. In 1999, after winning several awards at the American Rosewholesale Coupon Code Modeling and Talent Convention, 13-year-old Megan Fox began his modeling career.

In 2001, Megan Fox officially began his career as an actress with his screen debut, "Holiday in the Sun." In 2004, in 2007, Megan Fox became famous for his role as Mikaela Banes in the action movie Transformers. Today, Megan Fox has become a well-known actress in the United States. Currently, in addition to Transformers, Megan Fox's masterpieces include "Teenage Mutant Ninja Turtle" and "THIS IS 40". Forty is not confused), "JENNIFER'S BODY" Jennifer's body".

Previously, Megan Fox was a global brand spokesperson for Armani and Avon, and appeared on the cover of magazines such as Vanity Fair, Elle, and GQ.


"Supreme x Rolex" is actually a rumor

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At the end of last year, a news report ignited all of Supreme's excitement. It was rumored that the Swiss watch brand Rolex Rolex will join hands with Supreme to bring a series of joint names this year. After exposure, many fans even rendered a series of watches and apparel designs, and everyone wondered Lightinthebox Discount Code what kind of items would appear.

Seeing the spring and summer of 2018 is almost over, you may still wonder why there is no follow-up report. According to the information account @onus revealed today, Supreme x Rolex is actually a rumor! The source stated that Supreme Jessie James Jebbia personally denied the news, saying that it was impossible at the moment. Supreme x Rolex may not appear in the near future, but since Supreme x LV, everyone understands that nothing is impossible. Even if it is not, who will know in the future?


"ZARA" official website has been complained

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Recently, users complained about the “ZARA” official website, saying that they refused to return, because of the difference between the online store and GeekBuying Coupon physical store processes.

On March 15, 2018, Ms. Yu bought a 299-yuan knitted trousers on the “ZARA” official website with the order number 490301899. She washed two newly purchased knitted trousers within 3 months and found pants after the second wash. Off the seams. Contact the official website to request replacement, the official website refused to change, because I have already used, it does not meet the requirements for return. However, quality problems do not occur during use. Also said with the official website customer service, before the shoes bought in the store have quality problems are replaced, why not the official website. Customer service answers the official website and the physical store process is not the same, so it can not be replaced.

The official website's response Code Promo Soufeel infringed the right to fair trade. My request was to replace it on the official website and hope to resolve it. According to the “China E-Commerce User Experience and Complaint Monitoring Report 2017” monitoring statistics, delivery issues, refund issues, product quality, return difficulties, suspected sales, false promotions, refunds from deposit guarantees, online fraud, customer service , logistics issues become "2017 retail e-commerce top ten hotspot complaints."


Anta 1.7 billion advertising costs in the first quarter

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Benefited from product innovation and brand upgrading, ANTA Sports continued to grow. Recently, ANTA Sports announced that the retail sales of Anta brand products (calculated by retail value) were 20% compared with the same period of 2017 in the first quarter of 2018 -25% increase.

In addition, retail sales (calculated in terms of retail value) of other branded products in the first quarter of 2018 (excluding brands that joined the group after January 1, 2017) achieved an 80%-85% increase over the same period in 2017.

It is understood that on April 10, ANTA Sports Group's first quarter operating performance exchange meeting in 2018, the company COO Lai Shixian, IRDirectorSuki introduced the company's operating conditions in the first quarter of 2018, it was revealed that during the Zaful Coupon Code reporting period ANTA brand water sales increased by 20 %-25%, including double-digit growth under large cargo lines, child brand growth above 40%, online business gaining around 40%, and non-Anta brand (FILA+DESCENTE+NBA+Sprandi) increasing year-on-year 80%-85%, of which, FILA growth rate of more than 70%, DESCENTE achieve 7 times growth, other brands also performed well; from the proportion of operating income, the Anta brand, offline 70% of large goods, line The children accounted for double digits and e-commerce accounted for low double digits. Among non-Anta brands, FILA accounted for 95%, DESCENTE accounted for less than 4%, and other brands accounted for less than 1%.

Everbright Securities analyst Gu Rougang introduced that the operating data of Anta Sports in the first quarter reflected a number of positive signals:

1) The discount rate has improved significantly. The discount rate during the reporting period was 25%, which was about 70% in the same period of last year. Display terminal retail management and product strength boosted, and the sales rate of the apparel segment was significantly improved;

2) The inventory level maintains historical lows. Currently, the ANTA brand terminal sales ratio has fallen below 4, FILA has improved to around 5 (about 6 in the same period of last year), showing that the channel inventory and sales are highly healthy;

3) During the reporting period. The proportion of Anta's compensation orders has been raised to more than 10%. With the new logistics center put into operation in the first half of the year, the rapid response capability of ANTA Sports will be further strengthened;

4) The gross margin level has stabilized. In the second half of 2017, due to the rapid decline in orders, raw materials, and other factors, the gross profit margin has significantly declined. This trend has stabilized in the first quarter. The

    The emergence of these positive signals reveals that the company’s retail management upgrade has achieved results and the certainty of performance growth has been enhanced.

Soochow Securities analyst Marley stressed that under the background of continuing industry concentration, leading brand leaders such as Anta Sports will continue to usher in a new cycle of reform and efficiency will usher in a new cycle, and ANTA Sports will be reformed under the leadership of high executive team. Compared with other domestic sports brands, they are far ahead in terms of R&D, marketing, and management efficiency. From the analysis point of view, the founder's Ding Brothers personally focused on management. Ding Shizhong traveled to more than 500 prefecture-level cities in China to inspect each store in 2 years. The team has deep qualifications. Zheng Jie, the president of Anta brand, has served Adidas and Reebok successively. Since 2008, he has served the Anta brand. Wang Wenmo, who is responsible for the operation of the Group's clothing, has worked for Lilang for 16 years. Wu Yonghua, who is responsible for the Group’s product marketing, also has more than 20 years of business operations. .

In terms of control ability, ANTA Sports promoted precise ordering guidelines for franchisees in 2011. In 2013, it implemented a retail sales oriented flat sales management strategy, canceled the middle region level, and firmly grasped terminal retail sales through 32 branch offices. ERP System coverage increased from 43% in 2008 to 98% in 2017.

The financial report shows that Anta Sports' R&D investment in 2017 reached 480 million yuan, and there were 418 patents of various types in the first quarter of 2018. The foundry's supply chain management experience is rich, and it still maintains 38% and 16% of the footwear/clothing production ratio. Responsive to the spot production demand, and export the factory management experience to the supplier, the top manufacturers in the supplier list gathered.

In addition, from the viewpoint of brand building, In 2017, Anta Sports invested RMB 1.7 billion in advertising marketing. In 2009, it had sponsored 24 national teams with the Chinese Olympic Committee and the State to establish a strategic cooperation relationship. In basketball, it has made strategic cooperation with the NBA. , Signing Kevin Garnett, Rajon Rondo, Chandler Parsons, Klay Thompson and other top stars in succession to develop boots, running for 8 consecutive years sponsoring the Olympic Day long distance, sponsoring football in China College students' campus football leagues, etc.

Industry analyst Guo Haiyan believes that compared with the second half of 2017, ANTA Sports's cost pressures stabilized in the first quarter of this year, but considering the high base in the second quarter of 2017, the company can maintain its current growth momentum with certain challenges, and it is expected to reach high-end brands. As the sales contribution gradually increases, the gross dacoz.com margin of Anta Sports is expected to increase. At the same time, given that there are more international sports events in 2018, ANTA Sports may launch more brand promotion activities. Therefore, ANTA Sports is engaged in advertising and promotion. Expenses are expected to increase.


ZARA online AR shopping

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Fast fashion brand ZARA recently launched AR shopping app “ZARA AR”. It is reported that ZARA will introduce AR technology in 137 flagship stores worldwide for a period of two weeks.

According to reports, ZARA AR app has three scenes: one is the shop window, the second is on the table in the shop, and the third is the electricity supplier carton. The consumer can download the APP and scan the QR code, aiming the mobile phone at the store or custom window, and the model wearing the user's selected clothing will appear. According to ZARA's introduction, models will naturally pose and move around. They will also talk. If you are satisfied with your clothes, you can click to purchase.

According to March 14, NZRA's parent company, Inditex, issued its 2017 financial report. According to the financial report, Inditex's net sales in fiscal year 2017 increased by 9% to 25.34 billion euros. Net profit increased by 7% year-on-year, totaling 3.37 billion euros. In 2016, Inditex's sales increased by 12% to 23.31 billion euros, and net profit rose by 10% year-on-year to 3.16 billion euros, compared with the overall decline.

The performance of the fast fashion industry has declined, and it may be necessary to introduce "new ways to play."


Uniqlo and J.W. Anderson cooperate

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Fashion designer Jonathan Anderson said that he did not sleep well. I used to wake up at 6 o'clock every day, but I feel a little better at the moment and I get up around 7 o'clock and start my day job.

This typical male Virgo boy in Northern Ireland has a lot to deal with. In 2008, at the age of 24, he founded his own brand JW Anderson. In 2013, LVMH Group acquired a 46% stake in JW Anderson, and regarded him as the superhero to save his brand LOEWE, and appointed him as the brand's creative director.

How many people know that he designed the "nose ring bag", this bag with some aggressive, looks a bit like a nose, has become one of the signs of the JW Anderson brand; there is his backpack Puzzle for LOEWE, in the fashion blogger You will not be rare in the street shooting.

"I like the complex things, and even make people feel excited or angry. Even forced to use the material they do not like to design." Jonathan Anderson said. For example, he has been advocating the concept of "wearing no gender differences".

Jonathan Anderson not only takes care of LOEWE and his own brand JW Anderson, but also works with some brands across borders. Since last year, he has collaborated with Japanese brand Uniqlo to launch autumn and winter products. At the same time, he also designed several pairs of canvas shoes with Converse.

On April 20th, JW Anderson and Uniqlo collaborate on spring-summer products that will be available for sale in Uniqlo stores in 19 countries and regions around the world. This series was inspired by the coastal city of Brighton.

Jonathan Anderson integrated asymmetrical stripes, his classic fringe design, and seagull elements into the collection to create a so-called “British beach” feel.

“When Uniqlo found me in spring and summer, I thought of this seaside city. Seagulls will fly over and take away your food. I like to go on vacation here.” Jonathan Anderson attended the series in Shanghai on April 12th. The media preview will say.

Uniqlo’s series of cooperation with designers has not been cut off in recent years. Last month's cross-border cooperation with Finnish brand Marimekko made a printed dress a hit. Then there is the collaboration series from designer Tomas Maier, who is the creative director of Bottega Venetade.

Uniqlo's strategy is to use these cooperation funds to create a sense of freshness and quality for consumers - after all, hundreds of pieces can be worn by designers' designs - and Uniqlo can control these products and economies of scale through the supply chain. The cost of driving down and entering the threshold.

Cooperating with these more popular brands, in addition to earning a large amount of cooperation fees, designers who are eager to make a contribution to the business will be a publicity opportunity for the mass market. There is a certain possibility that these customers will visit their own brands. JW Anderson had worked with Top Shop in 2012 to launch women's and accessories products, and the series was sold out on the market. The first cooperation with the Volkswagen brand made him quickly accumulate fame.

Of course, but the premise of these is that they can be busy.
Jonathan Anderson will carry three iPhones with him, two to handle two brands of work and one to handle private affairs. “When I work, I’ll be more focused. For example, I’ve been working specifically with UNIQLO these days. It was a matter of days dealing with JW Anderson and making some quick decisions.” He said, “But when I stopped working, then It will be completely put down."

During the production of the fashion show, Jonathan Anderson had fixed working hours every day from 9 to 6 pm. He does not think that the results of the continuous transfer of the axis will be better. It also requires more private time.



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