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Warmer than expected Christmas weather appears to be providing little comfort for Hong Kong’s retail sector this year. Business has been cold at many outlets despite a projected rebound in mainland visitor arrivals. Otherwise, what can explain a gold shop…
The Board of Directors of Luk Fook Limited announced the unaudited consolidated interim results of the company and its subsidiaries for the six months ended 30 September 2016. During the Period under review, the Group’s revenue dropped 21.5 percent to…
Hong Kong-based jeweler Luk Fook is pushing ahead with its expansion into mainland China by doubling its stores there even as competitors are moving at a slower pace amid tepid demand for luxury goods. The company, a smaller rival to Chow Tai Fook Jewellery…
Luk Fook Holdings is pleased to announce that the Group opens its new retail shop in New York City. Located on first floor, New World Mall in Flushing, this new shop is the Group’s second retail shop in New York City after opening its first shop in Manhattan.…
Surging gold prices, and a mini gold rush in 2015 have been blamed by leading Hong Kong jewellery retailer Luk Fook Holdings for a sharp fall in sales during its second quarter. The retailer which operates over 1,400 retail outlets in mainland China, Hong…
The retail sector in Hong Kong is finding it difficult to keep their boat afloat amidst the decline in mainland tourists since a year ago. Now, the Britain’s vote to leave the EU is likely to make matters from bad to worse for the Hong Kong’s retail sector,…
Hong Kong jewellery group Luk Fook Holdings International has opened a retail outlet at the Shinsegae Main Store in Seoul. Korea’s first department store, Shinsegae opened in 1930 and has become a tourist attraction. Luk Fook chairman/chief executive Wong Wai…
Jewelry retailers Chow Sang Sang Holdings (00116.HK) and Luk Fook Holdings 00590.HK) are said to be waiving the craftsmanship fee on their gold products in a bid to spur sales during the upcoming Labor Day holidays. The promotional period will last for six…
In the face of a continuing sluggish market, Hong Kong-based Luk Fook Jewellery posted a 25 per cent drop in overall sales in the three months to December 31 against the previous two quarters. Its same-store sales growth (SSSG) for mainland China was down 10…
Hong Kong-listed jewellery retailer Luk Fook Holdings (International) Ltd. saw a 26 per cent year-on-year decrease in its same store sales from Hong Kong and Macau shops for the three months ended December 2015, the biggest decline since the final quarter of…
Jeweller Luk Fook Holdings is looking to Mainland China to restore growth after a heavy drop in profits due to the Hong Kong and Macau market slump. Lukfook Group says its sales declined 7.7 per cent to HK$6.965 billion in the half year to September 30 and…
Luk Fook has become the second major jewellery retailer this week to warn shareholders of a severe impact on its bottom line. In a filing with the stock exchange yesterday, Luk Fook said it anticipated a decline of about 40 per cent compared to the…
Luk Fook Holdings has opened a three-storey Lukfook Jewellery flagship store in Causeway Bay. The group held a ribbon-cutting ceremony for the new store this week, inviting Japanese cartoon character Rilakkuma to join in the celebrations. Wong Wai Sheung,…
The board of directors of Luk Fook Holdings (International) Limited announced the annual results of the company and its subsidiaries for the year ended 31 March 2015. The Group’s revenues dropped 17.1 percent $2.48 billion (HK$15.92 billion), from (2014:…
Hong Kong jeweller Luk Fook has opened its first store in Korea. The store is within the Walkerhill Duty Free complex in the downtown Seoul suburb of Gwangjin‐gu and targets tourists. Wong Wai Sheung, Lufook Group chairman and CEO, said the group will…
