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Chow Tai Fook
Chow Tai Fook Sales Slump
Hong Kong-based jeweler Chow Tai Fook has reported adownward trend in sales across both mainland China and Hong Kong in the secondfiscal quarter. Same-store sales of gold products — at branches open for atleast 12 months...
Retail Oct 17, 2019 Rapaport News
Hong Kong retail
Protests Dent Hong Kong Retail Outlook
Retail sales in Hong Kongare set to fall by 5% in 2019, with the decline expected to be even sharper inthe luxury-goods market, which includes jewelry. The new estimate, publishedlast week by PricewaterhouseCoopers (PwC), is a downgrade on its previousforecast. The...
Retail Jul 03, 2019 Rapaport News
Luk Fook
Luk Fook Sales Sluggish in Fourth Quarter
Luk Fook’s same-store sales dropped 6% in the fourth fiscalquarter amid a higher number of purchases for lower-priced products. The Hong Kong-based jeweler sold higher volumes during the period, but not enough to negate the...
Retail Apr 24, 2019 Rapaport News
HK
Hong Kong Polished Imports Climb
Polished-diamond imports to Hong Kong increased 11% in thethird quarter, according to data from the Diamond Federation of Hong Kong,China. The average price of imports jumped 15%, offsetting the lower volumes —a trend that reflects a shift...
Polished Markets Nov 18, 2018 Rapaport News
Chow Tai Fook 600
Hong Kong Growth Boosts Chow Tai Fook
Chow Tai Fook’s sales grew strongly in the first fiscalquarter due to stronger consumer sentiment in Hong Kong and increased tourismto the municipality from mainland China. Retail sales jumped 21% in Hong Kong and...
Retail Jul 19, 2018 Rapaport News
Hong Kong
Jewelry Sales Up in China and Hong Kong
Sales of jewelry and other luxury items climbed in greater Chinain May, driven by improved consumer sentiment and a higher rate of tourism toHong Kong, according to government sources. In China, retail sales of gold, silver and jewelry...
Retail Jul 03, 2018 Rapaport News
Chow Tai Fook 150
Chinese Recovery Spurs Chow Tai Fook Growth
Chow Tai Fook’s sales and profit rose during the fiscalyear, amid a recovering Chinese market and increased tourism to Hong Kong,the retailer said Thursday. Group sales grew 15% to $7.54 billion (HKD 59.16...
Retail Jun 07, 2018 Rapaport News
TSL
Hong Kong’s TSL Sees Revenue Jump
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...
Retail Apr 29, 2018 Rapaport News
Luk Fook Sales Rise 150
Luk Fook Sees Modest Sales Gain
Luk Fook’s same-store sales increased 1% year on year in thethird quarter ending December 31, driven by a 10% rise in gem-set jewelry.“The gem-set jewelry products in [the] Hong Kong and Macau market continued to benefit from the...
Retail Jan 18, 2018 Rapaport News
Chow Tai Fook 150
Chow Tai Fook China Expansion Spurs Growth
Chow Tai Fook reported a sharp rise in gem-set-jewelry sales in Hong Kong, while expansion in mainland China helped drive growth in its fiscal third quarter, as the local retailsector continued to improve.Overal retail sales grew 12%...
Retail Jan 10, 2018 Rapaport News
Chow Tai Fook
Robust Gold Demand Drives Chow Tai Fook Growth
Chow Tai Fook’s revenue leapt 15% in the first fiscal half amidrising demand for gold products in Greater China. Group sales of $3.17 billion (HKD 24.75 billion) for the sixmonths to September 30 included $1.47...
Mining Nov 22, 2017 Rapaport News
TSL Tse Sui Luen  TST Tsim Sha Tsui Hong Kong
Sales Jump at Hong Kong Jeweler TSL
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...
Retail Oct 29, 2017 Rapaport News
Luk Fook
Luk Fook Growth Reflects China Recovery
Luk Fook recordedan increase in same-store sales in its second fiscal quarter, driven by strongperformances in mainland China and Hong Kong after a prolonged revenue decline.Same-store sales grew 17% year on year in thethree months that ended...
Retail Oct 24, 2017 Rapaport News
Luk Fook
Luk Fook Profit Rises with 4Q Improvement
Luk Fook’s share price rose 2% on Thursday as the HongKong-based jeweler reported a jump in profit for fiscal 2017 and an improvementin consumer sentiment in mainland China. The company’s profit grew 7% to $131.6 million (HKD 1.03billion) in the...
Retail Jun 29, 2017 Rapaport News
Chow Tai Fook
Chow Tai Fook Restores Elusive Sales Growth
Chow Tai Fook’s sales grew in the second fiscal half amid a recovery in consumer sentiment in Greater China, the retailer reported.The 4.4% increase to $3.8 billion (HKD 29.72 billion) was the Hong Kong-based jeweler’s...
Retail Jun 11, 2017 Rapaport News
Tse Sui Luen TSL
Jeweler TSL Suffers from Hong Kong Slowdown
Sales and profit at jewelry retailer Tse Sui Luen (TSL) weakened in thepast fiscal year, as improved demand in mainland China failed to compensate forsustained sluggishness in Hong Kong.Revenue fell 3.6% to $438 million (HKD 3.41 billion)...
Retail May 23, 2017 Rapaport News
Chow Sang Sang
Hong Kong Slowdown Hits Chow Sang Sang
Chow Sang Sang saw a sharp drop insales last year, the Hong Kong-based jeweler reported Monday, citing weak consumer sentiment and a decline in tourist levels.Group revenue slid 16% to $2.07billion (HKD 16.09 billion)...
Retail Mar 28, 2017 Rapaport News
Tokyo
Chow Tai Fook Taps into Tokyo Tourism
Chow Tai Fook will open its first branded store in Japan inan effort to reap the benefits of increased spending by Chinese tourists there.The Hong Kong-based jeweler will launch an outlet inside oneof 40 stores operated...
Retail Mar 15, 2017 Rapaport News
Chinese Consumer
Hong Kong’s Chow Sang Sang Warns on Profit
Chow Sang Sang said full-year profit for 2016 is expected toslump between 30 and 40 percent as a fall in demand from mainland China andHong Kong hit sales.The plunge is not as bad as it looks because a one-off gain froma...
Retail Jan 22, 2017 Rapaport News
Luk Fook Jewellery Macau
China a Bright Spot as Luk Fook Sales Decline
Luk Fook reported same-store sales fell 10 percent in thethird fiscal quarter as a continued decline in its Hong Kong business outweighed improvements in mainlandChina.Same-store sales slid 11 percent in Hong Kong versus a 5percent increase in mainland China in the...
Retail Jan 18, 2017 Rapaport News
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