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City Chain sales plunged 20 percent across Greater China in the three months to June. Hong Kong-headquartered parent Stelux International – which spun off its eyewear business last year – said the watch-retailing chain’s poor performance was due to a…
Same-store sales by watch retailer City Chain improved last year – but parent Stelux Holdings still recorded a loss of HK$34.6 million (US$4.4 million). That deficit would have been a lot higher but for the one-off gain of $111.8 million ($15.2 million) from…
Stelux Holdings International has warned shareholders of an impending loss due to slow sales through its store network and narrower margins. The Hong Kong-listed retail company, which operates the Optical 88 and Egg eyewear chains and City Chain jewellers,…
While turnover and gross profit margin slid for watch/optical company Stelux Holdings International for its first half, it managed to cut back on its net loss. Group turnover was down by 6.9 per cent (6.3 per cent foreign-exchange neural) to HK$1.3 billion…
City Chain parent Stelux Holdings has warned shareholders of a worsening loss for the latest half year. Stelux, which also owns the Optical 88 and Egg eyewear chains, says that current information shows the loss for the six months ended September 30 will…
Stelux Holdings International has reported a 12.7 per cent slide in sales in the three months to December 31. A large component of the decline was the exchange rate – on a fiscally neutral basis, sales fell a more modest 8.8 per cent, the company has reported…
Hong Kong headquartered watch retailer City Chain plans to close more stores as sales slid 12.1 per cent and profits crashed by 86.4 per cent in the first half year to just HK$15.7 million. Parent Stelux says turnover was “sluggish” in Hong Kong, Macau and…
Hong Kong headquartered watch retailer Stelux has warned shareholders it expects to post a loss in the first half year. Stelux owns the City Chain network of watch stores along with eyewear brands eGG and Optical 88. In the first quarter of this year the…
Listed Hong Kong eyewear and watch retailer Stelux Holdings has reported a 7.1 per cent decline in sales in the first three months of the 2015 financial year, compared to the same period last year. However Stelux China proved a standout in the trading results…
