Giordano

Giordano International is a Hong Kong-based retailer of men's, women's and children's clothing founded in 1981 by Jimmy Lai, who sold the company in 1996. The company listed in Hong Kong in 1991.

Giordano sets out to erase memories of past mistakes

Hong Kong rents put brakes on expansion in the city. Photo: May Tse

Casual apparel retailer Giordano International plans to push its main label upmarket and raise prices by 10 to 15 per cent over the next two years, leaving spin-off brand Beau Monde to focus on affordable basics.

Friday, 28 February, 2014, 2:52pm

Slowing China demand eats into Giordano profit

Giordano is feeling the pinch from slowing demand in China. Photo: SCMP

Casual-wear retailer Giordano International said first-half net profit dropped 3 per cent as sales slowed, hit by softening demand on the mainland, its key market.

The company posted a net profit of HK$340 million in the January-June period, roughly in line with the consensus forecast of HK$348.5 million compiled by Bloomberg. It reported a HK$352 million net profit a year earlier.

14 Aug 2013 - 1:44am

Giordano sales pushed down by weak China demand

Peter Lau expects price competition to continue. Photo: Paul Yeong

Casual clothing chain Giordano International posted a 1 per cent increase in annual revenue to HK$5.67 billion last year despite sales on the mainland and Taiwan declining amid weaker demand.

1 Mar 2013 - 5:53am

Giordano sales fall 5pc as consumer demand weakens

Warm weather has delayed the sales of new products. Photo: May Tse

Casual wear chain Giordano International reported a 5 per cent decline in sales for the third quarter as the weak economy and late arrival of cold weather weighed on consumer spending. Giordano shares fell more than 2 per cent yesterday afternoon after the company released the results. They closed at HK$6.44, down 0.92 per cent, while the benchmark Hang Seng Index gained 1 per cent.

1 Nov 2012 - 4:48am

Leo Ku brings the perfect ice-breaker at launch of Giordano's O!Cool! line

Canto-pop star Leo Ku Kui-kei wants us to look cool in the hot summer by wearing his latest designs for local casual wear brand Giordano. The new collection features a cartoon penguin, in a nod to Ocean Park's new Polar Adventure attraction.

19 Jul 2012 - 12:00am

Slowdown brings early start to sales

As Hong Kong's retail industry slows down, some local retailers are offering early discounts and putting out lower-priced products to deal with the challenging market.

The summer sale has started a bit earlier than usual for a number of fashion retailers, who are keen to clear inventories.

9 Jul 2012 - 12:00am

Giordano's Chinese labels have activists up in arms

A group of social activists has launched a campaign against popular clothing chain Giordano for using simplified rather than traditional Chinese characters on promotional materials in many of its stores.

21 May 2012 - 12:00am

Giordano sees clothing sales climb 18pc

The casual-wear chain Giordano International recorded an increase in sales of more than 18 per cent for the third quarter this year, with strong growth in Hong Kong and Taiwan.

The company said sales for the quarter ending September 30 were HK$1.33 billion, bringing the total year-to-date sales to HK$3.98 billion, up 22 per cent year on year.

18 Nov 2011 - 12:00am

Giordano warns of slowdown in the second half

Casual wear chain Giordano International yesterday warned of slower profit growth in the second half after reporting a 71 per cent rise in interim net profit.

Company chairman and chief executive Peter Lau Kwok-kuen said sales growth stayed in high double digits in July and August, but might slow in the second half. The company is considering raising prices this year.

31 Aug 2011 - 12:00am

Giordano's price rises on rumours of a suitor

Speculation that Spanish clothing giant Inditex was wooing Giordano International sent the Hong Kong-listed apparel chain up as much as 5.7 per cent yesterday before it dismissed talk of a suitor.

24 Jun 2011 - 12:00am

Giordano shares surge as tycoon raises stake

Shares in Giordano International jumped to a record high yesterday after tycoon Cheng Yu-tung increased his stake in the casual wear retailer for a third time in a month.

The stock rose as much as 13.6 per cent to HK$7.58, its highest since the company went public in June 1991, before closing at HK$7.17 yesterday, up 7.5 per cent or 50 HK cents.

31 May 2011 - 12:00am

Luxury brands to force local retailers out of prime sites

A sensible pair of shoes or basic household items may become increasingly hard to find in Hong Kong's prime retail districts as wall-to-wall luxury brands force out local retailers.

18 Apr 2011 - 12:00am

Thousands join race for free Olympic T-shirts

Hongkongers eager to get into the Games spirit snapped up 15,000 free, red Olympic relay T-shirts within a few hours of them arriving in Giordano stores.

Hundreds of people started queuing outside a Giordano shop in Causeway Bay, one of 12 stores stocking the T-shirts, before it opened at 10am to present their coupons and claim their T-shirts.

2 May 2008 - 12:00am

Bossini suffers after bold expansion on mainland

For many clothing retailers, overseas expansion is a natural step after gaining a strong foothold in their home base to broaden earnings and promote brands.

7 Apr 2008 - 12:00am

Giordano extends rally on acquisition talk

Shares of Giordano International continued to climb yesterday, edging up 1.29 per cent after strong gains on Thursday, even though the company denied a market rumour that it was engaged in acquisitions or sales transactions.

29 Mar 2008 - 12:00am

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