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Stelux Holdings, parent of the City Chain watch retail business, says its sales in the December quarter were down 32.6 percent, or by HK$198.98 million (US$25.6 million). The company closed about 15 percent of its stores, primarily in Hong Kong, as social…
Stelux Holdings, parent of the City Chain watch retail business, says its sales in the December quarter were down 32.6 percent, or by HK$198.98 million (US$25.6 million). The company closed about 15 percent of its stores, primarily in Hong Kong, as social…
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…
Eyewear chain Optical 88 has suffered a 10.5 per cent slump in sales in the first half, with profit down 53.2 per cent. According to the trading announcement of its parent company Stelux International, sales reached HK$579.1 million and EBIT $18.0 million.…
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-listed watch and eyewear retailer Stelux Holdings International Ltd. said the company is expected to record a net loss for the six months ended September 30 this year, mainly hurt by the increase in borrowing costs of convertible bonds and less…
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…
Eyewear chain Optical 88 is narrowing its Mainland China losses as its sales improve. A subsidiary of Hong Kong-listed Stelux Holdings, Optical 88 has 227 stores in Hong Kong, Macau, Mainland China, Singapore, Malaysia and Thailand. Group sales rose just one…
