20-10-2020
Hong Kong jeweller Luk Fook recorded retail sales drop over the second quarter of financial year owing to the continuing impacts of COVID-19. Figures showed buying sentiment was back started September.
According to the company announcement last Friday, the overall same-store-sales-growth of the group’s retail business fell 55 percent year-on-year over Q2 2021, while that of gold products and fixed price jewellery products witnessed a 46- and 65-percent drop respectively.
When it comes to the performance in Hong Kong and Macau, the SSSG for the same period fell 63 percent, with a 53- and 74-percent drop for its gold products and fixed price jewellery products respectively. Sales in Macau improved as the border restriction was slightly lifted in September.
The SSSG in Hong Kong also improved from about -60% in previous months to about -40% in September.
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