TA Research anticipates Padini’s top line to remain resilient in 4Q24.
PETALING JAYA: Analysts believe Padini Holdings Bhd
is on the right track despite a challenging retail market.
The retailer of shoes, men’s and women’s garments, ancillary products, children’s garments, maternity wear, and accessories aims to maintain its gross profit margin at above 35% in the coming quarters, despite challenges such as rising purchasing costs due to unfavourable foreign exchange movements and the need to clear stock older than four months on the shelves.
