This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Hong Kong-based jewellery retailers are seeing initial signs of improvement in China despite reporting lacklustre sales in other major markets during the first quarter of their respective fiscal years due to Covid-19.
Chow Tai Fook Jewellery Group Ltd said overall sales in China were up 0.1 per cent in Q1 of fiscal year 2020 ending June 30 as business there gradually resumed while those in Hong Kong and Macau saw a 69 per cent decline.
Same-store sales in China fell by 11.2 per cent during the period in review compared to a 75.5 per cent plunge in Hong Kong and Macau.
Luk Fook...
---
Continue reading with one of the options below:
Already a member of JewelleryNet?
You are entitled to read 3 full articles per month.
You are reading of 3 free articles this month.
You have already read your 3 articles for this month.
Design, technology driving new phase in HK jewellery sector
You have /7 days to view our content without registering.
Thank you for subscribing to JNA digital content on JewelleryNet.
You have /7 days to view our content without registering.
To have full access to our exclusive stories and expert industry coverage, log in using your JewelleryNet membership account details, which will be sent to your email within seven working days.