THE WHAT? Sa Sa Worldwide expects first-half attributable revenue to greater than triple to over HK150million(US19.1 million), supported by stronger magnificence retail gross sales throughout its core Hong Kong and Macao markets.
THE DETAILS The Hong Kong-listed magnificence retailer expects attributable revenue of greater than HK$150 million for the six months ending September 30, in contrast with HK$50.2 million a yr earlier. Sa Sa attributed the development to larger same-store gross sales, transaction volumes, common transaction values and models bought per transaction throughout Hong Kong and Macao, alongside fast development in B2C on-line gross sales and profitability. The group beforehand reported first-quarter offline gross sales development of 29 %, together with a 31 % improve in Hong Kong and Macao and 15 % development in Southeast Asia. The efficiency follows Sa Sa’s withdrawal from bodily retail in Mainland China because it concentrates sources on e-commerce and its stronger regional markets.
THE WHY? The forecast signifies that Sa Sa’s restructuring and market prioritisation technique is enhancing working efficiency, with stronger retailer productiveness in Hong Kong and Macao and rising e-commerce profitability supporting the sweetness retailer’s restoration.
Supply: InsiderRetail
