The Board of Directors of China Dongxiang (Group) Co., Ltd., which runs Kappa brand retail stores in China, has reported operational highlights for the fiscal fourth quarter (Q4 2024) and full year ended March 31, 2024 (Fiscal 2024)
Fourth Quarter
For the Q4 2024 period, the retail performance of Kappa-branded stores of the Group recorded a decrease in the low 10 percent to 20 percent range on a year-over-year basis.
Same-store sales recorded a high-single-digit decline on a year-over-year basis for Kappa-branded stores that have been in operation since the beginning of the prior-year fourth quarter.
Fiscal Full Year
For Fiscal 2024, the retail performance of Kappa-branded stores of the Group recorded an increase in the low 10 percent to 20 percent range on a year-over-year basis.
Same-store sales saw a mid- to high single-digit increase on a year-over-year basis for Kappa-branded stores that have been in operation since the beginning of the prior-year fourth quarter.
Store Count
The Group had 1,012 Kappa-branded stores at year-end, a net decrease of 11 stores compared to March 31, 2023.
Image courtesy Kappa
