Clothing Retailing: The World'S Largest Loss Is Expected In The Second Half Of The Fiscal Year.

In March 16th, the announcement of the Global Holdings of SCI Global Holdings Limited showed that many countries had implemented public health measures and a number of actions to mitigate the impact of the epidemic, resulting in the closure of some shops. Such as France, Italy, Spain, Poland and Austria.

Global retailing is at its lowest level, and the volume of stores that can control sales outlets of group retailers and their partners has completely subsided. In addition, the logistics of transporting goods supply chain has also been greatly affected. The outbreak will have a significant negative impact on the sales of the group as at 30 in the second half of June 2020. Therefore, management expects the group to make significant losses in the second half of fiscal year 2019 / 2020.

At the same time, Si said that the group will take all practical measures to deal with future challenges, including the implementation of working capital management and cost control measures, seeking financial support from local governments, grasping opportunities to further develop business and enhance growth potential.