Bossini Archives - Inside Retail Singapore
Lifestyle apparel brand Bossini has warned shareholders its loss this year will blow out to about $139 million, citing Hong Kong’s rolling protests.
Bossini opens new store concept at Jewel Changi today.
Bossini Singapore sales slumped 23 per cent last year after the casual-apparel retailer shuttered two stores in the city.
Bossini International is bracing shareholders for a loss of up to $3.6 million for the six months to December.
Foreign exchange losses hobbled the recovery of Hong Kong-headquartered fast-fashion label Bossini.
Bossini International Holdings is optimistic despite a slip in revenue and profit turning to loss for its first half.
Challenging retail conditions in Hong Kong and Macau have hit Bossini sales and gross profit.
Singapore retail service is improving, according to the Institute of Service Excellence (ISES).
Bossini profit may fall up to 90 per cent in the half year to December 31, the company has warned shareholders.