call. those Thank Thank those conference and participants quarter Wilson you third in in for Good you, morning good Bow. earnings to XXXX Asia. U.S. the evening to joining our
business. This downturn mainly forecasting. the XXXX economic retail trade was of decreased and quarter decrease Results wholesale third to in of China-U.S. for the both due as the pressure business
actively environment. near-term the We economic respond in the to will change
and our while our through our customer upgrading on forecast network. wholesale In business businesses multi-brand retail Optimization intend by the store third our we receivables. enhancing the quarter strategy accounts improving and initiative developing portfolio
on continue brands value. quality and focusing design, to and our by side, attract existing customers customers return new Retail
control diligent of Our inventory and inventory our business. improved strengthened cost strategy the continually profitability between further measures our balance turnover management the
past third in year for in to accessible contributed or stores more XXXX. visible solid of and rewarded order efforts our locations the of create quarter the XX All to the build-out have located we
September stores of XX, as nationwide a operated of with September X,XXX compared XXXX As we X,XXX towards XX, stores XXXX. XXXX of network
still we retail we at see opportunities stores, e-commerce to continue our for the our strong products in While demand see areas.
as drive go strategic stores our customer create Dangdang a our differentiated grow cross-channel such La platforms, us go experience a base. to for Tmall inventory out-of-season are to shopping, We and engagement. Mobile effective and our on customer as way and reduce used encourage customer unique loyal and
enhanced of the Company product including supply reliable a and and manufacture. efficient and management sourcing the business, extensive our wholesale channels development a chain network As higher quality, cost
our brand, center including our addition, design. provides position, development analysis research and and material wholesale new market In guide in fashion with in-depth research new trends, areas customers
capabilities focus to both optimizing a supply best continue will provider the our ground product, we Mainland chain apparel forward, worldwide. development, of being our and customer with Going and for leading enhancing the to China on high middle long-term in solution vision
Please note unless will U.S. concludes through discussed all quarter for in XXXX. that, results third now This financial go dollars the I of numbers noted. my are today our comments. otherwise
X.X% decrease our for retail million a business. sales $XXX.X quarter and in from decrease the XXXX third of decrease to wholesale were XXXX. X.X% of decrease in Total $XXX.X XX.X% in million, quarter a the This third mainly of business was a due
retail with of September due third retail Company million XX, stores same-store was to XX, Company’s XXXX. stores XX.X% of in third fashion a by branded The primarily million compared and XXXX, September as X,XXX the amounts sales. for to XXXX. compared for retail apparel the of decreased quarter decrease XXXX, of X,XXX the division stores decrease of had as This with $XX.X the for quarter Sales $XX.X
X.X% attributable by and third decreased a was an United division XXXX, primarily wholesale the Company’s Europe-Other of partially decrease decrease Hong for compared quarter million million United Kingdom, to the This quarter in the in for by to Mainland increase offset with XXXX. States. sales $XX.X Germany and for of in $XX.X third Sales in Kong, China, sales Japan
Total gross third to margin for profit to XX% XXXX. of the with XXXX. compared XXXX decreased the for from by of the of Total $XX.X third XX.X% quarter gross $XX.X million for third quarter decreased million, quarter XX.X%
third compared for third quarter business $XX.X the XXXX. quarter decreased million third with million for compared XXXX. quarter $XX.X to retail the XX.X% XX.X% of Gross XXXX, Gross by profit the to for was of XX.X%, for the of margin
the the of to for quarter XXXX. XX% by for business compared Gross from XXXX, of profit XX.X% Gross third X.X% with increased XXXX. to the increased the third margin of third for wholesale quarter million $XX.X quarter million for $XX.X
third attributable Selling was expenses third sales, sales XXXX total marketing quarter expenses XX.X% The XXXX. XX.X% of $XX.X increased associated retail promotion compared or by million, the or to the of to for brand. with of total quarter increase of of X% $XX.X million, the the for with the
of total in of $X.X stores. expenses by X.X% of or million, attributable $X.X compared third million, XX% sales total sales, decrease The number was mainly to to XXXX quarter General the the XXXX. or with quarter administrative the and of for for decreased decline third X.X% of
quarter compared for of the $X.X the third XXXX. million for of negative the for quarter $X.XX income the quarter million compared share of earnings million Company $X.XX with of from XXX.X% $X.X negative and to XXXX XXXX was the of compared attributable quarter XXXX. third quarter decreased the Basic diluted with loss $X.X with for operations third quarter per loss for XXXX third loss to of negative XXXX. Income third for $X million the third by were Net
million had working December XXXX, XX, million $XX.X approximately $XX.X XX, of and equivalents, Ever-Glory as cash of bank loans XXXX, September September cash of approximately and September $XX.X as with of Ever-Glory $XX.X of XX, million As approximately XXXX. million approximately had capital outstanding XXXX. of XX, as of compared
quarter with the relentless paying strengthening forward Our to to XXXX third we support profitability of look our and further long-term operating future and increasing the efforts have business. leverage been fundamentals results off
third We in with quarter XXXX of you to look participating Ever-Glory's Thank you quarter. last call. earnings forward talking for
If please to you, you thank additional questions, free department. IR Good-bye, feel Thank operator. you. contact have our
