Le Saunda sales slip
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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.
Questions & Answers
Q.What was the overall change in Le Saunda's total sales during the third quarter?
What was the overall change in Le Saunda's total sales during the third quarter?
The company's total sales declined by 6.1 per cent year on year. This figure includes both its own stores and online channels.
Q.How many retail outlets did Le Saunda operate at the end of November?
How many retail outlets did Le Saunda operate at the end of November?
Le Saunda had a total of 897 retail outlets across Mainland China, Hong Kong, and Macau. This was 13 more stores than the previous year.
Q.What was the breakdown between self-owned and franchised stores?
What was the breakdown between self-owned and franchised stores?
Of the 897 outlets, 789 were self-owned across Mainland China, Hong Kong, and Macau. The remaining 108 were franchised outlets located in Mainland China.
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