Company Earnings Update 3 minutesRegister for Free AccessGolden Eagle (3308 HK) Analyst Briefing Takeaways: Gross Margin Steady; Guides for Expansion of Lifestyle Stores Coresight Research April 3, 2017 Executive Summary At the analyst briefing in Hong Kong on March 31, Golden Eagle’s management team discussed the FY16 results and outlined the group’s future strategy, which is to focus on lifestyle concepts, expand its store network and enhance its omnichannel offering. Total gross sales proceeds was ¥16,399.3 million for FY16, up 0.7% year over year. By product category, athleisure and consumer appliances outperformed, while menswear and womenswear underperformed. Gross margin from concessionaire sales and direct sales increased by 0.1% to 17.8% in FY16. The modest margin improvement was attributable to management’s focus on product sales with favorable margins, which was partially offset by an increase in the sales contribution from younger stores that have lower commission rates. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: January 2023 UK Retail Sales: Sales Slow Amid Economic UncertaintyMarch 2023 Leading Indicators of US Retail Sales: Mid-Single-Digit Growth Amid Growing Consumer SentimentWeekly US and UK Store Openings and Closures Tracker 2023, Week 7: UK Openings Up 46%Market Outlook: Department Stores in China—Consumer Shift Toward E-Commerce Squeezes Sales