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PARKSON Retail Group Ltd (3368.HK)

3368.HK on Hong Kong Stock

1.07HKD
22 Feb 2017
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Sun, Feb 19 2017

BRIEF-Parkson Retail Group FY profit attributable RMB147.3 mln vs loss of RMB186.2 mln last year

* fy total gross sales proceeds ("GSP") decreased by 8.3% to rmb16.60 billion.

Fitch: China Luxury Pick-up Provides Some Relief to Retailers

(The following statement was released by the rating agency) HONG KONG, February 05 (Fitch) China's recent recovery in luxury spending may boost sales of domestic department-store operators and luxury-goods retailers, including Golden Eagle Retail Group Limited (BB-/Negative), Hengdeli Holdings Limited (B+/RWN), and Parkson Retail Group Limited (B-/Negative), though it may not be enough to offset the effects of structural problems caused by changing spending patterns and competition from new

Fitch Downgrades Parkson to 'B-' as Profitability Deteriorates

(The following statement was released by the rating agency) HONG KONG, January 09 (Fitch) Fitch Ratings, Hong Kong, 9 January 2017: Fitch Ratings has downgraded China-based department store operator Parkson Retail Group Limited's (Parkson) Long-Term Issuer Default Rating (IDR) and senior unsecured rating to 'B-' from 'B'. The Outlook on the IDR is Negative. Fitch has maintained a Recovery Rating of 'RR4' on the senior unsecured rating. The downgrade reflects the company's weaker operating

BRIEF-Parkson Retail says Q3 loss attributable rmb123.9 million

* Total operating revenue increased by 0.5% to rmb1.07 billion in 3Q2016

BRIEF-Parkson Retail signs equity transfer agreement with Zriver Capital Investment Management

* vendor, company, purchasers and purchasers parent have entered into equity transfer agreement

Fitch: Parkson's Sale of Loss-Making Beijing Store Cuts Leverage

(The following statement was released by the rating agency) HONG KONG/SHANGHAI, September 22 (Fitch) Fitch Ratings says China-based department-store operator Parkson Retail Group Limited's (B/Negative) proposed disposal of a store in Beijing ought to reduce the company's leverage, even as its ratings remain constrained by the weak profitability and continued sales decline of its core operations. Parkson announced on 14 September that it expects to generate CNY2.3bn in gross proceeds (CNY1.9

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