SaSa sales plunge 71 per cent in Hong Kong, Macau as Covid-19 shuts borders Inside Retail


Source: insideretail.asia insideretail.asia

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Beauty retailer SaSa says its Hong Kong and Macau sales for the first half of the current financial year are down about 71 per cent year on year, almost entirely due to the absence of visitors from the mainland during the Covid-related border closures. Broken down by market, Macau fared the worst down 78 per cent, with Hong Kong sales down by 68.4 per cent as the company adjusted its offer to focus on local consumers. In the September quarter, sales plunged 55.3 per cent year on year, but were up 17.8 per cent quarter on quarter. Chairman and CEO...