The Chinese women's shoes industry continues to be depressed, according to Hong Kong's Ming Pao News: Belle International Holdings Limited (HK) the eponymous women's shoe brand BeLLE Belle's shop in Tseung Kwan O, Hong Kong, was officially closed yesterday.This means that the BeLLE Belle brand has completely pulled out of Hong Kong, closing all seven stores in Hong Kong in recent months.
A spokeswoman for Ming Pao said there was "no immediate response" and declined to disclose any information.
Belle's 7 branches in Hong Kong
A total of 7 outlets in Hong Kong have been confirmed to be closed in Mong Kok, long Ho Square, Kwai Fong Metro Shopping Centre, Tsuen Wan Plaza, Tsim Sha Tsui, China Hong Kong City, as early as six months ago. It has been converted to Millies, another privately owned brand of Belle; the clerk at the Tseung Kwan O PopCorn store said it opened yesterday for the final 1st. Le and Staccato Joy
Belle's biggest competitor, Daphne.
As of June 30th, its operating profit fell 95.4 percent from a year earlier to 11 million Hong Kong dollars from 240.7 million in the same period last year, resulting in a sharp drop in net profit of 98.5% to 2.5 million Hong Kong dollars, according to a semi-annual unpacking release released by Daphne in the middle of this year. Net profit for the same period last year was HK $172.4 million.
Hong Kong's retail market continues to be weak and faces a wave of layoffs
Hong Kong ' s statistics show that Hong Kong ' s retail market continues to be soft , while the industry is pessimistic about Hong Kong ' s market outlook . Over the past few months , Hong Kong ' s retail market has forced rent reduction and closed - store news , and yesterday ' s chairman of the Hong Kong Retail Management Association warned the tide or forced to come .