L’Occitane Hong Kong sales rises
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L’Occitane sales rose to HK$2.7 billion (US$344 million) over the last three months.
The French headquartered, Hong Kong-listed retailer’s as-yet unaudited trading update for the three months ended June 30, shows a rise of 6.2 per cent (reported rates) and 12.3 per cent (constant rates) year-on-year for the three month period.
The market showing the highest sales growth was the US at 73.7 per cent, attributed to the resurgence of the L’Occitane en Provence brand and LimeLife. Same-store sales grew 0.6 percent year on year.
Local currency sales in Hong Kong were shown to have risen 25.5 per cent with same-store sales growth as high as 11.1 per cent.
Detailed financials are expected to appear in the firm’s annual report due at the end of the 2019 financial year.
Questions & Answers
Q.What contributed to the significant sales growth in the US market?
What contributed to the significant sales growth in the US market?
The substantial 73.7 per cent sales growth in the US was attributed to the resurgence of the L’Occitane en Provence brand, alongside the performance of LimeLife. This highlights successful market strategies in that region.
Q.How did L'Occitane's Hong Kong sales perform in local currency?
How did L'Occitane's Hong Kong sales perform in local currency?
In local currency, L'Occitane's sales in Hong Kong saw a significant increase of 25.5 per cent. Same-store sales growth within Hong Kong reached an impressive 11.1 per cent.
Q.When can detailed financial figures for the company be expected?
When can detailed financial figures for the company be expected?
Detailed financial figures are anticipated to be published in the firm’s annual report. This report is scheduled for release at the end of the 2019 financial year, providing a comprehensive overview.
Q.What was the overall sales growth for the three-month period?
What was the overall sales growth for the three-month period?
Overall sales growth for the three-month period was 6.2 per cent at reported rates and 12.3 per cent at constant rates year-on-year. This indicates a positive performance across different currency considerations.
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