I.T issues profit warning, expects annual net additional to exceed US $ 3 billion

I.T issues profit warning, expects annual net additional to exceed US $ 3 billion
On April 9, the fashion retail group T LIMITED (hereinafter referred to as “I.T ”) issued a profit warning, and it will be recorded that the company ‘s shareholder ‘s net worth is worth more than 300 million replacements for the year ended February 29, 2020.I.T said that it is expected that there may be preliminary consequences, depending on the impact of inbound tourists and consumption in the operating market, which will further crack down on the weak retail market.At the same time, factors such as the impact of the New Coronary Pneumonia epidemic and slowing global economic growth have led to poor performance.January-February 2020, I.T’s sales fell sharply.Given the current business environment, I.T said that it has reduced the impact of the current situation by actively controlling operating costs, optimizing centralized upgrades, adjusting purchases and inventory levels.According to the announcement, in March 2020, I.More than 90% of the stores in Mainland China have reopened and sales have gradually recovered.But I.T stores in the United States must still be temporarily closed.Sauna, Ye Wang Zheng Yijia Pictures I.T official website screenshot editor Li Zheng proofreads Wei Zhuo