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Retail Asia10/02/2017

With more tourists from the mainland, cosmetic retailer Sa Sa International Holdings saw a 3.5 per cent upswing in sales in Hong Kong and Macau during the Lunar New Year (January 28 to February 3). It says there were 10.7 per cent more transactions by tourists from China, while the average value of each transaction […]

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Retail Asia18/01/2017

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Sales performance has improved marginally for cosmetics chain Sa Sa International Holdings for its third quarter, to the end of December. This was mainly a result of a rise in numbers of mainland customers driving a 5.4 per cent increase in the number of transactions in Hong Kong and Macau while local trade remained flat. […]

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Retail Asia03/01/2017

In a sign of how far confidence in the yuan has fallen, 7-Eleven stores are valuing the Chinese currency on a par with the Hong Kong dollar, which was last seen in 2007. One yuan fetched HK$1.12 on the foreign currency market yesterday. While China’s currency would need to fall 10.7 percent to reach actual […]

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Retail Asia26/12/2016

Chinese-based online social media platform parent Tencent has opened a Singapore office to help drive Asian brands improve their reach to Chinese consumers. Tencent, which owns the WeChat messaging and browsing platform, has created an International Business Group charged with raising awareness of the opportunities offered by WeChat, especially targeting people who live outside China. […]

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Retail Asia30/11/2016

In the period ending September 30th 2016, Sa Sa International’s turnover reached HK$3.63 bn (€442.2 mn), a 4% drop from HK$3.78 bn (€460.5 mn) compared to last year’s results. Sa Sa totalled profits of HK$96 mn (€11.7mn), indicating a 37.3% drop from last year’s HK$153 mn (€18.6 mn) during the same period. Purchasing patterns Despite […]

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Retail Asia28/11/2016

Hong Kong-based Sa Sa International Holdings has reported a drop in profits of 37.3 percent for the first six months, due to a poor retail environment in the mainland with a poor tourist footfall. Profits fell to HK$96 million as retail sales dropped by 3.6 percent in Hong Kong and Macau, which attributes 80 percent […]

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Retail Asia20/10/2016

Twilight has come for the retail industry in Hong Kong, said cosmetic outlet operator Sa Sa International (0178) chairman Simon Kwok Siu-ming, although he remains optimistic of better days ahead. The week-long national holiday saw improved sales for the firm, and he hopes the uptrend is sustainable for the rest of the year, especially during […]

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Retail Asia21/07/2016

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Sa Sa sales are slowing, despite an improvement in Mainland Chinese visitor numbers. Retail and wholesale turnover for cosmetics retailer Sa Sa International Holdings fell by 5.7 per cent for the first quarter to June 30, according to unaudited data. Turnover dropped 5.4 per cent to HK$1384.9 million (US$178.585 million) in the Hong Kong and […]

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Retail Asia28/06/2016

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New Sa Sa stores are set to open in train stations and near the Mainland China border as the beauty retailer adapts to the changing demographic of Hong Kong shoppers. During a press conference discussing the group’s results last week, Sa Sa chairman Simon Kwok Siu-ming said in light of the evolving trading environment, the […]

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Retail Asia27/06/2016

Shares of Sa Sa International are up 27% in the past month as Chinese tourist arrivals to Hong Kong showed signs of a recovery – but it may not yet be time to put the marked down cosmetics retailer in the shopping basket. Once a market darling, Sa Sa has sagged 70% from its peak in […]

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Retail Asia27/04/2016

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Hong Kong-listed beauty products retailer Sa Sa International says its retail and wholesale turnover fell 15.1 per cent in the last quarter. And in the Hong Kong and Macau markets, turnover tumbled 17.9 per cent for the quarter ended March 31, while same-store sales dropped 17.6 per cent. There were 5.2 per cent fewer transactions, […]

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Retail Asia23/02/2016

Hong Kong’s top jewellery firm Chow Tai Fook and cosmetics retailer Sa Sa saw sales declines of at least 20 percent during the key Lunar New Year shopping season, as China’s slowing economy weighed on consumer spending. Chow Tai Fook Jewellery Group Ltd, Hong Kong’s largest jewellery firm by market value, saw its retail sales […]

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Retail Asia16/01/2016

China’s policy of one trip a week for mainlanders plus the strength of the Hong Kong dollar against a weaker yen have gouged sales for cosmetics retailer Sa Sa International. Both its retail and wholesale turnover dropped 14.2 per cent for the third quarter (October 1 to December 31), the company has announced. Turnover declined […]

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Retail Asia16/12/2015

The new Qianhai Chow Tai Fook mall opened its doors in Shenzhen on Monday – selling Hong Kong sourced goods to mainlanders at prices said to be cheaper than in Hong Kong. Officially named the Qianhai Chow Tai Fook Global Goods Shopping Center, the 19,000 sqm mall is a joint venture between jeweller Chow Tai […]

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Retail Asia04/12/2015

Hit by falling sales in the tourist downturn, Hong Kong beauty retailer Sa Sa plans new store concepts and diversification to restore growth. Reporting a 10.6 per cent decline in sales to HK$3.778 billion in the first half of the current year, and a 55 per cent plunge in profit to $153 million, Sa Sa […]

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Retail Asia02/11/2015

Beauty products retailer Sa Sa International has warned its half year profits will plunge by 50 per cent. A Sa Sa profit warning filed with the Hong Kong Stock Exchange said preliminary analysis of accounts for the six months to September 30 pointed to a record decline in profit for the group. It blamed “the […]

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Retail Asia26/10/2015

The Hong Kong-based company has issued a warning for investors to prepare for a profit cut to around HK$170 mln Cosmetics sale company Sa Sa International Holdings Limited is expecting profits to plunge more than 50 per cent for the six months ended September, according to a filing sent to Hong Kong Stock Exchange. These […]

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Retail Asia08/10/2015

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Sa Sa International says its online arm sasa.com will launch a Sa Sa flagship store on JD.com’s eCommerce platform, JD Worldwide . The move opens the way for more than 100 million JD shoppers to access Sa Sa products in the Mainland as well as in Hong Kong. “As a leading cosmetics retailing group in Asia, […]

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Retail Asia02/10/2015

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The Hong Kong office is intended to help JD.com expand its local market presence and warehousing capabilities, enabling it to better engage with brands and retailers across Singapore and major Southeast Asian markets, who are looking to tap the online retailer’s 118 million active users in Mainland China. The company plans to employ a team there […]

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Retail Asia01/07/2015

Hong Kong-based magnificence merchandise retailer Sa Sa has elevated gross sales regardless of the home market challenges. The group’s complete turnover elevated by 2.7 per cent from HK$eight.756 billion to HK$eight.993 billion within the yr to March 31. Retail gross sales in Hong Kong and Macau elevated by three.three per cent to HK$7.259 billion. However […]

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