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Esprit Profit Decreases 13%; Retailer's First Fall Since 1998 external link

Rate   Wall Street Journal | Wed, Feb 4

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Wed, Feb 4 By JOYCE LI HONG KONG -- Fashion retailer Esprit Holdings Ltd. reported a 13% decline in first-half net profit, its first earnings decline since 1998, as the global economic downturn squeezed its operating profit margin. Esprit, whose global peers ...

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2 mainstream media and 1 bloggers weighed in on a similar topic

Thumbnail 5 Months Ago, google.com says (in Hong Kong shares close up 3.6%) Esprit was the biggest blue-chip gainer, surging 12 percent to 41 dollars on bargain hunting. The stock fell 4.8 percent Thursday after the company posted a bigger-than-expected 13 percent drop in its first-half net profit. ...

And Middle East North Africa Financial Network says (in Inditex plans to open stores in India)  Jordan - Feb 5, 2009
Meanwhile, Hong Kong retailer Esprit , peer to both H&M and Inditex, reported a 13% fall in first-half net profit on Wednesday, it's first earnings fall ...

And Reuters says (in PRESS DIGEST - Hong Kong - Feb 5)  -
Esprit International (0330.HK) has reported its first profit decline in the past 10 years. Its interim net profit to end-Dec fell 13 percent from the ...

Source:  Wall Street Journal
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