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TSL
Hong Kong’s TSL Expects Full-Year Loss
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...
Retail Apr 05, 2020 Rapaport News
TSL
TSL Outlook ‘Gloomy’ Amid Hong Kong Slump
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...
Retail Nov 25, 2019 Rapaport News
Hong Kong Retail
Hong Kong Sales Drop Significantly
Sales of jewelry and other luxury items in Hong Kong plummetedin September as protests and unrest in the municipality hit tourism andconsumption. Revenue from jewelry, watches, clocks and other valuablegifts dropped 41% year on year...
Retail Nov 03, 2019 Rapaport News
Luk Foof
Hong Kong Protests Hit Luk Fook
Luk Fook’s same-store sales fell 37% in the second fiscalquarter amid protests in Hong Kong and the continued impact of the US-China trade war. Total same-store sales — at Luk Fook outlets open for morethan...
Retail Oct 29, 2019 Rapaport News
Hong Kong airport protest
Trade Seeks Discount for Hong Kong Show
The Hong Kong Jewelry Manufacturers’ Association (HKJMA)is asking the organizers of the September show for a 25% discount for itsmembers, citing difficult market conditions due to the trade war and socialunrest in the city....
Polished Markets Aug 15, 2019 Joshua Freedman
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