Revenues dropped 15 percent, despite the "first signs of improving trends in Mainland China.”
SJP's unexpected strategy to face celeb fragrance fallout.
Mobile phones have eclipsed desktops and laptops as the most popular devices used for online shopping in the country. Meanwhile, WeChat Pay and Alipay payments are the norm.
The luxury chain has long considered opening freestanding shoe shops.
Incoming president Mario Grauso will assume the chief merchant role.
The company said sales dropped in the oil belt region.
The Japanese fast-fashion chain, owned by Fast Retailing Co. Ltd., will enter its 18th geographic market this fall.
Inventories are being kept tight in hope of increasing full-price selling and reducing markdowns.