Hong Kong Retailers Face Tough Year Ahead -- Market Talk

WSJFeb 9 22:46 ET

China Business Federation: In February, the Retail Trade prosperity Index in China is 50.1%, stabilizing within the expansion range running.

In February, the Retail Trade Prosperity Index (CRPI) in China was 50.1%, a decrease of 1.0 percentage points compared to the previous month.

Zhitong FinanceFeb 7 02:36 ET

Trending Industry Today: BONJOUR HOLD Leads Losses In Cosmetic Stocks

Moomoo NewsJan 22 01:30 ET

SA SA INT'L (00178.HK): The overall operating revenue for the third quarter is 1.055 billion HKD, a year-on-year decrease of 10.7%.

On January 17, Glonghui reported that SA SA INT'L (00178.HK) announced that for the third quarter from October 1 to December 31, 2024, the group's overall revenue was 1.0551 billion Hong Kong dollars, a decrease of 10.7% year-on-year. Offline sales recorded 0.8752 billion Hong Kong dollars, with a year-on-year decline that improved significantly from 17.4% in the first half of the fiscal year to 7.9% during the period, mainly due to the continuous recovery of mainland tourist numbers in the group's core markets of Hong Kong and Macau, which contributed to the improvement of the group's offline sales. Offline business accounted for 82.9% of the group's total revenue. The group's online sales fell by 22.3% to 1.79.

Gelonghui FinanceJan 17 04:06 ET

Express News | SA SA International Holdings Q3 Turnover HKD 1,055.1 Million

ReutersJan 17 04:03 ET

[Brokerage Focus] Goldman Sachs: Hong Kong's Retail Trade had poor performance in November, with sales figures and performance of various categories varying.

Jinwu Financial News | A Goldman Sachs Research Report points out that in November, the value of retail sales in Hong Kong decreased by 0.6% month-on-month after seasonal adjustment, while the retail volume increased by 0.3%. Among major categories, sales of "jewelry, watches, and luxury gifts" saw the largest growth, while durable consumer goods experienced the greatest decline. Year-on-year, the sales value significantly dropped by 73%, which is a noticeable increase in the decline compared to October's -2.8%. In terms of retail sales value, there was a 73% decrease year-on-year in November, with a month-on-month growth of -0.6% after seasonal adjustment by Goldman Sachs, compared to +1.4% in October. The growth in sales value varies across different categories.

King Wu Financial NewsJan 3 01:33 ET