Sasa Archives - Inside Retail Asia
Sa Sa International sales slipped 2.2 per cent in the latest quarter, with same-store sales in Hong Kong and Macau down 3.7 per cent.
SaSa sales have soared by 24.8 per cent in the first quarter as mainland tourists returned to Hong Kong to shop.
Sasa profits soared 34.7 per cent in the last financial year, as sales at Hong Kong and Macau stores posted solid gains.
Retail sales for the Labour Day holiday rose by about 4 per cent this year for Sa Sa International Holdings.
Sa Sa International Holdings expects its profits to slump by 10 to 20 per cent for its latest fiscal year.
The brand preferences of mainland Chinese tourists heading for Hong Kong, Japan and Singapore have been collated in an analysis of online conversations.
Sasa Singapore says manpower constraints are hurting its business in the city state.
First Hong Kong lost its mantle as the world leader in retail rents. Now the global ratings agency Fitch has issued a chilling warning.
Fitch said in a statement Thursday that street-level shops in Hong Kong’s prime areas are vulnerable to the persistent weakness in luxury retail sales and their rents will likely decline at double-digit rates in 2015.
In contrast, shopping malls with well-established tenant mixes could outperform the market with flat to slightly positive rental growth in 2…
Beauty chain SaSa’s sales rose in the first half year – but the Occupy Central protest has dented Hong Kong trading since the books were closed.
In the six months to September 30, Sa Sa International, parent of the SaSa network of cosmetics stores in Hong Kong, China, Macau, Singapore, Taiwan and Malaysia, increased sales 8.4 per cent, year-on-year to HK$4.226 million. Retail sales in Hong Kong and Macau soared 10.2 per cent.
But the group’s gross profit margin slid from 47.0 per …
Cosmetics chain Sa Sa International says year on year sales in its core Macau and Hong Kong markets slipped one per cent during Golden Week.
The week long National Holiday period – from October 1 to 7 – is a commonly used benchmark of retailer performance in the region.
In a statement, group chairman and CEO Simon Kwok said same store SaSa sales fell three per cent, with both figures below the company’s expectations.
“During the period, sales to Mainland Chinese tourists remained un…
Cosmetics retailer Sa Sa says profit for the year to March 31 rose 13 per cent to HK$825.6 million (US$106.5 million).
The satisfactory performance benefited from the solid performance of its Hong Kong and Macau core markets, which remained the largest contributor to the company’s turnover and profits.
Nine new stores were opened in Hong Kong and Macau, taking its total to 106 Sasa-branded stores, one Suisse Programme specialty store and two La Colline specialty stores.
In China, its tu…
Cosmetics group Sa Sa is continuing to expand its network in Southern China with the opening of its first Sasa store in Zhuhai City.
The new store is located at MO Mall, the first premium shopping centre in Zhuhai. It covers a floor area of approximately 57 sqm laid out in Sa Sa’s boutique store format.
Over 2000 products of more than 100 brands are available at store, which are categorised under three zones – skin care, cosmetics and fragrances.
Sa Sa said it will continue to expand …