Ascena'S Three Quarter Earnings Decline Began A Hard Road To Growth.

By the United States

In the doldrums, many groups have begun a hard road to growth.

The Ascena group, which recently issued the three quarter of fiscal year 2016, is also affected by this, resulting in a decline in profitability.

It is reported that in the three quarter ended April 23, 2016, the group's total revenue recorded a rise of 45.1% to $1 billion 669 million 300 thousand.

In addition, the Group recorded in the three quarter.

Plunged 46.7%.

But worse than the $1 billion 730 million expected by the market.

and

The Group recorded a total of 15 million US dollars, compared with the US $24 million 400 thousand in the same fiscal year.

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Luxury group, like the Domino domino effect, has been involved in the important environmental impact of economic slowdown.

And Giorgio Armani released the 2015 fiscal year's earnings report, also showing the growth of factors.

It is reported that in the 2015 fiscal year, the group's total revenue is 2 billion 650 million euros.

But the increase was only 4.5%, compared with 16% in 2014.

In addition, the group's core earnings EBITDA rose by only 1.2% to 513 million euros.

At the same time, the group's EBITDA profit margin also dropped by 60 basis points to 19.4%.

However, as the group has been led by the founder and chairman of Giorgio Armani for many years, the industry has been paying close attention to how the Giorgio Armani will last eight days to arrange the future inheritance of the group and the possibility of IPO.

But Mr. Giorgio Armani's attitude towards the industry is also curious.