Le Saunda sales strengthen

Listed Hong Kong shoe and handbag retailer Le Saunda says same store sales rose in the last quarter.

In the final three months of Le Saunda’s financial year, which ended on February 28, the group achieved a 3.9 per cent same store sales growth in its self-owned retail business, and a 1.1 per cent rise overall.

In the preceding quarter, same store sales rose 1.9 per cent.

Le Saunda operates 904 stores in mainland China, Hong Kong and Macau, 24 fewer than at the same time last year. Of the total, 770 are self owned and 134 franchised, all of the latter in mainland China.

In its half year report last year, Le Saunda said it expected the ratio of sales between mainland China and Hong Kong-Macau would continue to trend towards the mainland in coming quarters.

In the first half, Hong Kong and Macau store sales slid 9.9 per cent to HK$95.7 million.

The company has not yet released financial data for the full year.