Friday, 10 July 2015

Chow Tai Fook's 1Q same store sales declined by 15%


Chow Tai Fook Jewellery Group reported that same-store sales declined 15 per cent year on year during the first quarter that ended on June 30, 2015, according to unaudited results.  Declining comparable-store sales across the group were attributed to  weaker consumer demand in Hong Kong and Macau, where same-store sales fell 24 per cent. In Mainland China, same-store sales dropped seven per cent. 

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