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Tag: Le Saunda

Retail Asia25/05/2021
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Fashion

Le Saunda sales continue to fall

3min0
Hong Kong-headquartered shoe retailer Le Saunda shut down 52 stores during the year to February as it worked to mitigate falling sales in the wake of the Covid-19 pandemic. The embattled shoe retailer recorded a profit for the full year of US$16.6 million, although this was entirely due to material gains on the return of […]
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Retail Asia30/10/2020
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Fashion

Le Saunda roams from profit to loss

2min0
Chinese footwear retailer Le Saunda saw revenue and profit fall by more than 30 percent in the last six months as the impact of the Covid-19 pandemic ravaged the fashion industry. Revenue for the six months to August 31 fell to US$38.7 million, 30.8-per-cent lower than the same period last year, while gross profit fell […]
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Retail Asia10/06/2020
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Fashion

Struggling Le Saunda warns of yet another loss

2min0
Late last month, embattled Hong Kong-based shoe retailer Le Saunda announced its third consecutive annual loss. Yesterday it flagged yet another, at least for the first half. In a stock-exchange filing, Le Saunda’s board advised that during the three months to May 31, the group’s self-owned offline retail business saw same-store sales decline 32.7 percent and […]
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Retail Asia11/03/2020
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Fashion

Le Saunda profit downhill as store network slashed

1min0
Le Saunda sales slumped in the latest quarter as the Hong Kong footwear retailer slashed its store network. In a stock-exchange announcement covering the fourth quarter, Le Saunda sales declined by 30.9 percent for the three months to February. It also noted a same-store sales decline of 18.5 percent, compared to last year. Le Saunda […]
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Retail Asia26/12/2019
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Fashion

Slimmed-down Le Saunda shows signs of improvement

1min0
Slimmed-down Hong Kong shoe retailer Le Saunda is showing early signs of improvement despite the recent decline in the territory’s retail sector. Figures for the November quarter show same-store sales growth of 7.7 percent in its self-owned network when compared with the same period last year. Total sales, however, were down 11.1 percent, reflecting a […]
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Retail Asia20/09/2019
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Fashion

Le Saunda CEO resigns and on the search

2min0
Le Saunda CEO Cheng Wang has resigned and will leave the company on October 16. According to a stock exchange filing, Cheng is leaving in order to pursue “his other personal affairs”. The Le Saunda CEO will also vacate his seat on the shoe retailer’s board. On the same date, another director, Marces Lee Tze […]
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Retail Asia01/11/2018
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Fashion

Le Saunda closes stores as profit goes red

3min0
Struggling shoe and accessories retailer Le Saunda has shuttered more than 100 stores on Mainland China in the last year as it tries to reduce overheads and return to profit. Group sales fell 14.4 per cent in the first half of this year, to RMB 460.4 million, (US$66.1 million), gross profit margin slipped 3 per […]
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Retail Asia30/05/2018
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Fashion

Le Saunda sales continues to fall

3min0
It has been a year of losses for fashion group Le Saunda Holdings, which designs, develops, makes and retails women’s and men’s footwear handbags and accessories. Total Le Saunda sales fell by 17.2 per cent for the year ended February 28, reaching RMB1.13 billion (US$176 million), while consolidated gross profit dropped by 18.1 per cent […]
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Retail Asia01/11/2017
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Fashion

Le Saunda loses anniversary shine

3min0
In its 40th anniversary year, footwear group Le Saunda Holdings has little to celebrate with falls in sales and profits for its first half. In releasing its unaudited results for the six months to the end of August, the company says it has been hit by continuing sluggish markets in China and Hong Kong. Total […]
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Retail Asia15/12/2016
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Fashion

Le Saunda sales dips 8pct y-o-y in Q3

2min
Footwear manufacturer and retail company Le Saunda Holdings announced a decrease of 8 per cent in its total retail sales year-on-year for the third quarter of its 2016/2017 financial year, according to a filing with the Hong Kong Stock Exchange. Same store sales of the retailer also saw a 7.1 per cent drop year-on-year for […]
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Retail Asia18/12/2015
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E-Tailing

Le Saunda sales slip

1min
Footwear retailer Le Saunda says same store sales in its own stores slipped eight per cent in the third quarter. But the company’s online turnover soared 26.7 per cent reflecting rising popularity of online shopping across Greater China. Total sales declined 6.1 per cent year on year. As at the end of November Le Saunda had […]
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Retail Asia07/11/2015
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Fashion

Le Saunda Hong Kong sales plunge

2min
Le Saunda Hong Kong and Macau sales plummeted 26.6 per cent in the first half of this year as tourist spending declined. Le Saunda manufactures and sells shoes, handbags and fashion accessories and sells them in Hong Kong, Macau and Mainland China under the brands of Le Saunda, Le Saunda Men, Linea Rosa and CNE. […]
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