HONG KONG, May 5 (Reuters) - Shares of Europe-focused fashion retailer Esprit Holdings fell 5.6 percent to a more than three-month low on growing concern about the spread of Europe's debt crisis to other weak eurozone countries.
The shares fell to HK$51.50, the lowest since Jan. 26, compared with a 2.14 percent drop in broader Hang Seng Index .
Esprit, which competes with Swedish clothing retailer Hennes & Mauritz, U.S. group GAP and Spain's Inditex , said total sales in the nine months ended March eased 1.8 percent from a year earlier, despite an improving global economy.
Sales in Europe accounted for 84 percent of Esprit's total turnover during the nine-month period.
(US$1=HK$7.76)
(Reporting by Donny Kwok; editing by xxxx)
((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters Messaging: donny.kwok.reuters.com@reuters.net)) Keywords: ESPRIT SHARES (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The shares fell to HK$51.50, the lowest since Jan. 26, compared with a 2.14 percent drop in broader Hang Seng Index .
Esprit, which competes with Swedish clothing retailer Hennes & Mauritz, U.S. group GAP and Spain's Inditex , said total sales in the nine months ended March eased 1.8 percent from a year earlier, despite an improving global economy.
Sales in Europe accounted for 84 percent of Esprit's total turnover during the nine-month period.
(US$1=HK$7.76)
(Reporting by Donny Kwok; editing by xxxx)
((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters Messaging: donny.kwok.reuters.com@reuters.net)) Keywords: ESPRIT SHARES (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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