Le Saunda sales strengthen
In this article (5)
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.
Questions & Answers
Q.What was Le Saunda's overall sales growth in the last quarter of its financial year?
What was Le Saunda's overall sales growth in the last quarter of its financial year?
The group achieved a 1.1 per cent rise overall in the final three months of its financial year. This figure encompasses both its self-owned retail business and franchised stores, concluding on February 28.
Q.How many stores does Le Saunda currently operate and where are they located?
How many stores does Le Saunda currently operate and where are they located?
Le Saunda operates a total of 904 stores across mainland China, Hong Kong, and Macau. Of these, 770 are self-owned, with the remaining 134 being franchised stores exclusively in mainland China.
Q.Did Le Saunda's store count increase or decrease compared to the previous year?
Did Le Saunda's store count increase or decrease compared to the previous year?
Le Saunda operates 24 fewer stores than at the same time last year. The total number of stores currently stands at 904 across its operating regions, comprising both self-owned and franchised outlets.
Q.What was the performance of Le Saunda's Hong Kong and Macau stores in the first half of the year?
What was the performance of Le Saunda's Hong Kong and Macau stores in the first half of the year?
In the first half of the year, sales in Le Saunda's Hong Kong and Macau stores experienced a decline. They slid by 9.9 per cent, reaching a total of HK$95.7 million for that period.
Reader pulse
Is Le Saunda's strategy working?
22,317 votes so far
Tags