E-land Group Reports Growth in Sales and Operating Profits for Second Quarter
Creatrip Team
10 months ago
E-land Group announced a 6% growth in sales amounting to 1.4 trillion KRW and a 19% increase in operating profits in the second quarter. The company's fashion brands, including sports, SPA (Specialty store retailer of Private label Apparel), and casual categories, notably contributed to this growth. New Balance, a leading sports brand, and its kids' line saw substantial growth, while SPAO, known for its casual wear, showed a 10% increase. In the food sector, 'E-land Eats' experienced a 29% rise in sales, driven by the popularity of affordable buffet offerings like Ashley Queens. E-land Retail's hypermarket segment also reported a 24% sales boost, with 'Deli by Ashley' playing a key role. These achievements reflect E-land's strong performance across fashion, dining, and retail divisions, despite challenging economic conditions.
