The Nature Holdings Reports Q3 Revenue of 96.2 Billion KRW... "Continued Efforts for Performance Turnaround"

The lifestyle specialist company The Nature Holdings (CEO Park Young-jun) announced its Q3 performance on the 14th through a public disclosure.

The Nature Holdings reported consolidated sales of 96.2 billion KRW in Q3, a slight decrease of 5.32% compared to the same period last year. During the same period, it recorded an operating loss of 2.5 billion KRW and a net loss of 6.2 billion KRW.

Due to warmer weather lasting longer than usual, domestic sales of fall and winter season apparel were delayed, causing Q3 sales to decline compared to the previous year. In terms of operating profit, losses were recorded due to increased costs from portfolio expansion and higher labor and store operation expenses resulting from the overseas store expansion of ‘National Geographic Apparel.’

A representative from The Nature Holdings stated, “Despite uncertain domestic and international market conditions such as economic recession and climate change, we are carefully responding by strengthening our brand portfolio and pioneering new overseas markets, laying the foundation for performance improvement. We will continue to intensify efforts to achieve peak season sales at the year-end, when a cold wave is forecast due to the influence of La Ni?a, aiming for a turnaround in next year’s performance.”

The Nature Holdings is expanding its corporate growth momentum by strengthening its brand portfolio. In 2022, it acquired ‘Barrel,’ the number one brand in the watersports sector, alleviating the seasonal sales bias concentrated in winter. Last year, it launched new brands such as Mark Gonzales and Brompton London consecutively, targeting customers of various age groups. This year, it acquired the global brand ‘Deus Ex Machina’ and is striving to create business synergies with its existing brands.

Globally, The Nature Holdings is steadily opening National Geographic Apparel stores, mainly in the Greater China region. Currently, it operates a total of 14 stores in major premium commercial districts in China. Since the second half of the year, it has also been operating three stores through dealers. Additionally, it runs 9, 10, and 2 offline directly managed stores in Hong Kong, Taiwan, and Macau, respectively. The Nature Holdings plans to continue diversifying its markets to Southeast Asian countries, which show rapid economic growth and purchasing power, thereby continuously expanding the company’s upside potential.