Bauhaus sales tumble as store network shrinks more and faster
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Bauhaus International (0483) said same-store sales growth of its self-managed offline shops fell by 38 percent year-on-year for the three months ended December last year.
In Hong Kong and Macau, the same-store sales performance of its self-managed retail business fell by 36 percent year-on-year.
In non-Hong Kong and Macau, same-store sales of self-managed retail businesses fell 68 percent year-on-year.
For the nine months ended December 2020, Hong Kong and Macau same-store sales fell by 42 percent, and non-Hong Kong and Macau fell by 40 percent from a year ago.
Questions & Answers
Q.How did Bauhaus International's overall same-store sales perform in the final quarter of last year?
How did Bauhaus International's overall same-store sales perform in the final quarter of last year?
For the three months ending December last year, the company reported a 38 percent year-on-year drop in same-store sales growth across its self-managed offline shops. This figure represents the combined performance across all regions mentioned.
Q.What was the sales performance like specifically in Hong Kong and Macau during the last quarter?
What was the sales performance like specifically in Hong Kong and Macau during the last quarter?
In Hong Kong and Macau, Bauhaus International's self-managed retail business experienced a 36 percent year-on-year decline in same-store sales performance for the three months ending December last year.
Q.How did same-store sales in other regions compare to Hong Kong and Macau in the last quarter?
How did same-store sales in other regions compare to Hong Kong and Macau in the last quarter?
Sales in non-Hong Kong and Macau regions saw a more significant drop. Same-store sales for self-managed retail businesses in these areas fell by 68 percent year-on-year during the three months ending December last year.
Q.What was the longer-term sales trend for Hong Kong and Macau up to December 2020?
What was the longer-term sales trend for Hong Kong and Macau up to December 2020?
For the nine months ending December 2020, same-store sales in Hong Kong and Macau fell by 42 percent compared to the previous year. This indicates a sustained decline over a longer period.
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