Chow Tai Fook quarterly retail sales flat
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Chow Tai Fook Jewellery Group (1929) said retail sales in Hong Kong and Macau in the third quarter ended December 31, remained unchanged from the same period the year before.
Same store sales grew by 5 percent. Gem-set jewelry sales were up by 22 percent, while gold products sales slipped by 1 percent in the third quarter. In Hong Kong and Macau, same store sales improved as a result of an increase in volume and average sale price to HK$11,800, the jewelry retailer reported today in an update.
Questions & Answers
Q.What was the overall performance of Chow Tai Fook's retail sales in Hong Kong and Macau during the third quarter?
What was the overall performance of Chow Tai Fook's retail sales in Hong Kong and Macau during the third quarter?
Overall retail sales for Chow Tai Fook in Hong Kong and Macau were flat in the third quarter ended December 31, showing no change from the same period in the previous year.
Q.How did specific product categories perform in terms of sales growth?
How did specific product categories perform in terms of sales growth?
Gem-set jewelry sales increased significantly by 22 percent during the quarter. In contrast, sales of gold products experienced a slight decline, slipping by 1 percent over the same period.
Q.What factors contributed to the improvement in same-store sales for Chow Tai Fook?
What factors contributed to the improvement in same-store sales for Chow Tai Fook?
Same-store sales improved due to an increase in sales volume. Also, the average sale price also rose, reaching HK$11,800, which further boosted the same-store performance.
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