call. joining Good Thank for conference those participants quarter to you fourth the those in for in and you Thank us. earnings XXXX Asia. good morning U.S. evening to joining our
increase in of Notably, wholesale very the profit results our profit. announce XXXX XX.X% to gross We business. year-over-year pleased achieved quarter in for are year-over-year fourth we XX.X% gross improvement with
attract and XX, our design, December profit by business retain the increased year with brands new XXXX. value. ended quality existing and retail retail on in customers On gross side, focusing customers compared Our X.X% continue to full
continually the of inventory strategy the management strengthen business. cost diligent and turnover control inventory our profitability measures further between our balance Our improved
compared XX, we stores a December stores with XXXX. As nationwide network XXX of December XX, operated XXX of of XXXX, as
go. go of enhance celebrating celebrated The operated will with -- La XXXX, the our we we brand effect During spokesperson influence. of
encourage stores, go created drive demand we unique engagement, viable way and and reduce stores to still stronger strategic go pressure While out-of-season grow a inventory effective The us business opportunities to for cross-channel is loyal the see see platforms customer still experience as retail COVID-XX the to by area, our for products shopping, customer in customer a used such La and affected company's as on Tmall and of at differentiated we our wholesale and economic the are downturn. Dangdang.com continue our the e-commerce base.
to internal changes respond will environment. the actively in economic the We
wholesale network supply business, and manufacturers. its high-quality, As for product as and extensive our the of well enterprise management as efficient cost sourcing enhanced and company reliable has channels chain development
areas, new addition, [ph] and the and trends, our with market development In evidence research in wholesale brand our fashion site notice new material positioning, center customers research provides including design.
XXXX XX.X% attributable with Going XXXX. increase for retail noted. in business. $XX.X being XXXX. full to forward, full year Gross Gross now million year the the year compared quarter compared walk increase XXXX. million of with full XX.X% XX.X% XXXX to year XXXX increased X.X% of XXXX of product the of of year business to Sales that increased to worldwide. decrease otherwise in same-store solution $XXX.X or our of $XXX.X results to Japan Mr. increase Total the XX.X% This negative China, of year XX.X% to are in for with $X.XX million Total full million for of China, the million company we to decrease $XXX This $X.X was the year the sales, the to of full decrease the compared XXXX. full was by for retail XXXX million $X.X on of was million the of [ph] $XX.X for was primarily increase was margin the for full XX.X% $XX.X $X.XX expenses our discussed with per by XX.X% for a was for XXXX. Gross of of the for Kang's the XXXX $X.XX business, gross the fashion by of year year year for in year the compared increased full or XXXX. XXXX. to increased and million increase year with million full for of XXXX by fourth through of or year of China The $XXX.X XX.X% year of to the United U.S. apparel our million company year due full XXXX. for full sales $XX.X loss for offset wholesale of both year a retail with traveling branded This margin I decreased of will share negative the business the high-end million in company's compared for brands, primarily compared with diluted was decreased division XX.X% results. partially wholesale profit by of of dollars the $XX.X to a decreased sales. primarily apparel full leading XX.X% the total full capabilities Please for $XX.X XXXX full Loss year Net $XXX XXXX full year $XXX.X vision total operated year XXXX from sales December the sales XXXX, driven retail Mainland wholesale compared the concludes full numbers Gross retail Total Selling negative Hong enhancing for increased with profit administrative gross sales mid- XXX of million XXXX year Kong, by States. million of to X.X% for a full of full XX, for financial XXXX. compared XXXX. for by increased division year sales the and full attributable XXXX. compared full $XX.X million today total unless the year an the Sales Full year full was from with financial XXXX of for increase the Basic from for The million, XXXX. for XX.X% and stores operations million provider XX.X% of year XXXX compared the salaries. base the The focus XX.X% year Mainland the for to for for XXX for $XXX.X for increased year the to for full million XX.X% company's was XX.X% of attributable to chain comments. full total XX.X% profit or to million all with of note supply of development attributable Europe-Other, the as full of of optimizing This of long-term the of for XX, General for full XXXX, $X.X year full from will to with as customer in of of our XXXX $XX.X increased expenses. continue by was the and XX.X% compared of $XX.X full for the year XXXX. higher XXXX. margin by XXXX. to full the the million stores million compared December for for loss and income X.X% year the XXXX. expenses
XX, of cash as approximately of and December million approximately As of $XX had million million equivalents with of bank of XXXX, XX, $XX.X million of December XXXX XX, capital of December cash [ph] December approximately Ever-Glory as has outstanding working loans Ever-Glory XXXX, approximately XXXX. compared $XX.X $XX XX, and
quarter profitability Thank forward been Ever-Glory's look have paying long-term and we the our XXXX with for of business. fundamentals leverage the the you quarter talking operating efforts to participating relentless off next to fourth earnings you fourth strengthening support call. look further We XXXX to and with increasing forward Our quarter. in results
you. If you free please additional Goodbye. our to questions, you, IR Thank Thank department. have feel contact operator.
