Parkson Announces the Annual Results for the Year Ended 31 December 2020
HONG KONG, Feb 23, 2021 - (ACN Newswire) - Parkson Retail Group Limited ("Parkson' or the "Company", with its subsidiaries collectively referred as the "Group", HKEx stock code: 3368.HK), the leading nationwide lifestyle concept retailer in China, today announces the Group's annual results for the year ended 31 December 2020 ("Year under Review").
2020 had been full of challenges and uncertainties for the global market. The global outbreak of COVID-19 at the start of the year had caused significant reduction and suspension of social and economic activities which inevitably caused the global economy to face downward pressure. In addition to this, the continuous tension of Sino-US trade relations brought many uncertainties to the global economic and political environment. Hence, the overall performance of the Group declined as a result of the negative impact brought upon by the COVID-19 coronavirus pandemic which the Group has actively adopted cost control measures to reduce its impact. Meanwhile, the Group is committed to strengthening its position as a leading retailer of fashion and lifestyle concepts in China through a diversified development strategy.