Le Saunda sales slip

Footwear retailer Le Saunda says same store sales in its own stores slipped eight per cent in the third quarter.

But the company’s online turnover soared 26.7 per cent reflecting rising popularity of online shopping across Greater China.

Total sales declined 6.1 per cent year on year.

As at the end of November Le Saunda had 897 retail outlets in Mainland China, Hong

Kong and Macau – 13 more than at the same time last year. These included 789 self-owned outlets in Mainland China, Hong Kong and Macau and 108 franchised outlets in Mainland China.

Le Saunda has only released unaudited operational data for its retail business at this stage, not detailed financial data.