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Hong Kong’s Tse Sui Luen Suffers Heavy Losses
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Hong Kong-based jeweler Tse Sui Luen (TSL) fell into the red in its first fiscal half as the coronavirus and tensions between the US and China battered its business across the region.The retailer...
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Retail
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Nov 19, 2020
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Rapaport News
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Tse Sui Luen Expects Loss Amid Tourist Slowdown
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Hong Kong-based jeweler Tse Sui Luen (TSL) expects to incur a net loss of at least HKD 40 million ($5.2 million) for the first fiscal half as the Covid-19 pandemic depressed the company’s sales.The loss for...
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Polished Markets
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Oct 13, 2020
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Rapaport News
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TSL Sees Loss in Tough Year for Hong Kong
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Tse Sui Luen (TSL) has reported a loss for the full fiscal year, as it faced challenges from the US-China trade dispute, protests and the coronavirus pandemic.The net loss totaled HKD 89.8 million...
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Retail
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Jun 23, 2020
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Rapaport News
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Hong Kong’s TSL Expects Full-Year Loss
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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...
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Retail
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Apr 05, 2020
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Rapaport News
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TSL Outlook ‘Gloomy’ Amid Hong Kong Slump
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Hong Kong-based jeweler Tse Sui Luen (TSL) raised concerns about theimpact of the Hong Kong protests on its business, as weak consumer sentimentdented sales. “The weak local consumer sentiment as a result of citywideprotests has made...
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Retail
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Nov 25, 2019
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Rapaport News
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TSL Accelerates China Expansion
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Tse Sui Luen (TSL) will further broaden its Chinese networkover the next few years, as it continues to see solid growth in the country. The Hong Kong-based jewelry retailer will open an additional 100 stores...
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Retail
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Jun 20, 2019
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Rapaport News
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Hong Kong’s TSL Fears Trade-War Impact
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Hong Kong-based Tse Sui Luen (TSL) raised concerns about theimpact of the US-China tariff war on its business, even after half-year sales improved. “The recent outbreak and escalation of [a] trade disputebetween China...
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Retail
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Nov 20, 2018
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Rapaport News
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TSL Sales Growth Prompts China Expansion
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Tse Sui Luen (TSL) plans to open 100 stores in mainland China overthe next two years, after witnessing solid growth in the region. The jewelry retailer intends to focus more on shopping-malllocations rather than department...
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Retail
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Jun 25, 2018
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Rapaport News
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Hong Kong’s TSL Sees Revenue Jump
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Sales and profit grew sharply at Tse Sui Luen (TSL) inthe past 12 months amid stronger consumer sentiment in Greater China and a risein tourism to Hong Kong. Revenue jumped 12% to $486 million (HKD 3.81...
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Retail
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Apr 29, 2018
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Rapaport News
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Sales Jump at Hong Kong Jeweler TSL
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Hong Kong-based jewelry retailer Tse Sui Luen (TSL) sawrevenue and profit leap in the first fiscal half as the number of touristsvisiting the municipality increased.Sales rose 12% to of $222.1 million (HKD 1.73 billion) forthe...
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Retail
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Oct 29, 2017
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Rapaport News
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TSL Hit by Hong Kong Tourist Slowdown
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Tse Sui Luen (TSL), a Hong Kong-based jewelryretailers, reported revenue and profit slumped in the first fiscal half as thedrop in tourist numbers from Mainland China extended. Sales slid 12 percent to $199.9 million (HKD 1.55...
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Retail
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Nov 03, 2016
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Rapaport News
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Hong Kong Jeweler Tse Sui Luen’s Profit Dives 40%
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Tse Sui Luen, a Hong Kong-based jeweler, reported revenuedeclined and profit plummeted in the past fiscal year as fewer tourists frommainland China dampened retail activity.Sales dropped 8.6percent to $455.6 million (HKD 3.54 billion) and...
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Retail
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May 24, 2016
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Rapaport News
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Tse Sui Luen’s 1H Sales Slide 4%
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Tse Sui Luen Jewellery International reported that revenue fell 3.6 percent year on year to $226.1 million (HKD 1.75 billion) for the six months ending August 31, due to continued weakness in Hong Kong....
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Retail
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Nov 01, 2015
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Rapaport News
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