Tag
11 stories in this topic
Tse Sui Luen (TSL) has warned it will report a loss for the fiscal year, with sales hampered by a sluggish retail environment in greater China. The Hong Kong-based jeweler expects a loss of at least HKD 80 million ($10.3 million) for the year ending March 31,…
Tse Sui Luen Jewellery has reported a US$11.6 million loss attributable to shareholders for the year to March. Sales declined by 28.3 percent to $376 million. The previous year the company turned a profit of $7 million. The company cited the trade dispute…
Jeweler Tse Sui Luen is projecting a loss of HKD 80 million (US$10.3 million) for the year to March – a stark reversal from last year’s net profit of HK$54 million ($6.96 million. In a profit warning issued to the Hong Kong stock exchange, the company said…
Tse Sui Luen profits plummeted in the first half as Hong Kong protests took their toll, especially during the September quarter. The company, which operates stores under the TSL banner, has reported a 14 percent year-on-year decline in sales to HK$1.6552…
Weak consumer sentiment based on “social unrest” in Hong Kong and the ongoing Sino-US trade tension has cost Hong Kong-listed jeweler Tse Sui Luen a cut of more than 90 percent in its half-year profit. In a profit warning, chairman Annie Lau said a…
Hong Kong-headquartered jeweller Tse Sui Luen has reported a 9.6 per cent increase in profit for the full year, despite a marginal 1.7 per cent drop in group turnover. Profit attributable to shareholders was HK$54.2 million (US$6.9 million) on sales of $4.065…
Tse Sui Luen Jewellery sales and profit both rose in the first half year – but the company has tempered the good news by expressing concerns about the impact of the US-Sino trade war. Chairwoman Annie Yau said in a stock exchange filing that the improved…
Hong Kong Jeweller Tse Sui Luen (TSL) has moved to target the Chinese middle class, according to a report. TSL has announced plans to open 100 outlets in the Chinese mainland within two years, taking its total number of stores to 487. The firm’s deputy…
Hong Kong jewellery retailer Tse Sui Luen (TSL) plans to open 100 stores in China over the next two years after solid growth in its existing store network. It currently has 380 stores on the mainland, including 193 self-operated stores and 187 franchised…
Sales and profit at jewelry retailer Tse Sui Luen (TSL) weakened in the past fiscal year, as improved demand in mainland China failed to compensate for sustained sluggishness in Hong Kong. Revenue fell 3.6% to $438 million in the 12 months that ended February…
A shift in focus away from the high end has partly buffered jeweller Tse Sui Luen from the Hong Kong luxury downturn. The group has released trading figures for the first half year revealing a decrease in turnover of just 3.6 per cent to HK$1.753 billion.…
Weekly Briefing
Monday, Wednesday and a Friday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.