Luk Fook Archives - Inside Retail Asia
The trade war between the US and China has been partially blamed for a 10 per cent fall in Luk Fook sales.
Luk Fook will add at least 150 stores in Mainland China this year as it looks to mitigate falling sales in Hong Kong.
Luk Fook sales in the third quarter fell 10 per cent on a same-store basis.
Luk Fook achieved same-store sales growth of 14 per cent in its latest quarter.
The first Luk Fook Philippines stores has opened as the Hong Kong jeweller expands its Southeast Asian footprint.
Luk Fook Malaysia has opened its third shop, at the Genting Highlands Resort.
Jeweller Luk Fook has reversed a three-year trend of declining revenue in its latest financial year.
The Hong Kong retail vacancy rate declined in the final quarter of last year.
Luk Fook Cambodia has opened its first store, a flagship in Phnom Penh.
In a golden first half, Luk Fook Holdings (International) saw revenues and profits rise as it continued to expand its retail outlets.
Luk Fook US has opened its second shop in San Francisco with a ribbon-cutting ceremony.
Same-store sales of gold products during the first quarter have restored growth, jewellery retailer Luk Fook has announced.