Gino Rossi sales up 10% in June

Fashion retailer Gino Rossi sales in June grew by 10 percent y/y to PLN 20.5 million. In H1 sales amounted to PLN 87.9 million, declining by 8.4 percent y/y. The share of B2B sales was 46.2 percent and increased by 19.5 percentage points compared to June 2017. E-commerce sales declined by 19.7 percent y/y. The retail margin stood at 41.9 percent in June declining by 4.8 percentage points y/y. In H1 retail margin was 43.3 percent, down 4.2 percentage points y/y.