Evergreen Group (03322) announced operational updates for its high-end fashion retail segment during the second quarter of 2025. Same-store sales growth for directly operated physical stores registered approximately -14% for Q2 and -7% year-to-date.

Contrasting this performance, overall revenue growth for the segment reached approximately -3% in Q2 and demonstrated resilience with +5% growth year-to-date. This positive YTD trajectory stems primarily from wholesale revenue generated through franchising arrangements.

Notably, the company introduced a franchise store model in late 2024 for a rapidly expanding brand within its portfolio. Revenue derived from sales to these franchise partners has been the key driver offsetting retail softness and contributing to the segment's aggregate revenue increase since the start of 2025. The strategic shift towards franchising continues to influence the segment's financial dynamics significantly.