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Le Saunda, a prominent footwear retailer in Hong Kong, recently revealed disappointing financial results for the first half of the fiscal year. The company’s performance reflects a troubling trend, marked by widespread losses across its operations.…
Hong Kong-headquartered shoe retailer Le Saunda shut down 52 stores during the year to February as it worked to mitigate falling sales in the wake of the Covid-19 pandemic. The embattled shoe retailer recorded a profit for the full year of US$16.6 million,…
Hong Kong-listed shoe retailer Le Saunda says same-store offline sales rose by 13.8 percent in the February quarter after it rationalized its store network. In a positive profit alert issued to the Hong Kong Stock Exchange, chairman James Ngai said group…
Chinese footwear retailer Le Saunda saw revenue and profit fall by more than 30 percent in the last six months as the impact of the Covid-19 pandemic ravaged the fashion industry. Revenue for the six months to August 31 fell to US$38.7 million, 30.8-per-cent…
Late last month, embattled Hong Kong-based shoe retailer Le Saunda announced its third consecutive annual loss. Yesterday it flagged yet another, at least for the first half. In a stock-exchange filing, Le Saunda’s board advised that during the three months…
Le Saunda sales slumped in the latest quarter as the Hong Kong footwear retailer slashed its store network. In a stock-exchange announcement covering the fourth quarter, Le Saunda sales declined by 30.9 percent for the three months to February. It also noted…
Slimmed-down Hong Kong shoe retailer Le Saunda is showing early signs of improvement despite the recent decline in the territory’s retail sector. Figures for the November quarter show same-store sales growth of 7.7 percent in its self-owned network when…
Shoe retailer Le Saunda is planning to boost its on-sale activity as it battles to reduce its inventory in the wake of falling sales. But the company has returned to profitability despite tightened margins in the first half year. The company’s sales fell by…
Le Saunda CEO Cheng Wang has resigned and will leave the company on October 16. According to a stock exchange filing, Cheng is leaving in order to pursue “his other personal affairs”. The Le Saunda CEO will also vacate his seat on the shoe retailer’s board.…
Struggling shoe and accessories retailer Le Saunda has shuttered more than 100 stores on Mainland China in the last year as it tries to reduce overheads and return to profit. Group sales fell 14.4 per cent in the first half of this year, to RMB 460.4 million,…
It has been a year of losses for fashion group Le Saunda Holdings, which designs, develops, makes and retails women’s and men’s footwear handbags and accessories. Total Le Saunda sales fell by 17.2 per cent for the year ended February 28, reaching RMB1.13…
In its 40th anniversary year, footwear group Le Saunda Holdings has little to celebrate with falls in sales and profits for its first half. In releasing its unaudited results for the six months to the end of August, the company says it has been hit by…
Footwear manufacturer and retail company Le Saunda Holdings announced a decrease of 8 per cent in its total retail sales year-on-year for the third quarter of its 2016/2017 financial year, according to a filing with the Hong Kong Stock Exchange. Same store…
Le Saunda Holdings Limited – a company primarily engaged in the manufacture and retail of Le Saunda ladies and men’s shoes, CNE footwear (an O2O brand) and Linea Rosa high-fashion footwear brand – announced a consolidated profit of RMB122.1 million (MOP149.42…
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…
Le Saunda Hong Kong and Macau sales plummeted 26.6 per cent in the first half of this year as tourist spending declined. Le Saunda manufactures and sells shoes, handbags and fashion accessories and sells them in Hong Kong, Macau and Mainland China under the…
