China's largest jewelry retailer's share in the Chow Tai Fook market showed a slight decrease in same-store sales in mainland China in the quarter that ended in June, due to the increase in sales of jewelry with precious stones. At the same time, the company reported that sales in Hong Kong and Macao remained weak.
Quarterly retail sales of the group of companies in Hong Kong and Macao fell by 22% compared to the same period last year, while in mainland China fell by 13%, resulting in an overall drop in the indicator by 17%. Sales of jewelry with precious stones in stores in mainland China open at least a year, fell by 12%. It is twice more than a slight decrease on the previous year.
"Given the huge market in China, we maintain our target of opening 50-60 new stores in this area in the current financial year", - said Kent Wong (Kent Wong), Managing Director of Chow Tai Fook.
He also said, Chow Tai Fook will stick to its plan to close 7-8 stores in Hong Kong, as sales in Hong Kong and Macao remain weak against the background of stagnation in consumer sentiment and due to reduced number of tourists from the mainland.
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In recognition of corporate social responsibility initiatives of Luk Fook Holdings Hong Kong Council of productivity (Hong Kong Productivity Council) on the 6th Hong Kong Awards in the field of corporate citizenship has awarded its logo "Corporate responsibility (the category for companies)" (Corporate Citizenship Logo (Enterprise Category)).
Wong Wai Shung (Wong Wai Sheung), chairman of the directors and the CEO Council group Luk Fook, said: "Over the years, the company is actively fulfill its corporate social responsibility program and included in its business concept of the principles of corporate social responsibility It is possible to improve. position as members of local communities and other stakeholders. we are honored to be awarded the logo "Corporate responsibility". In the future, the company will continue to fulfill its obligations etc. Corporate Social Responsibility program, and will also encourage the participation of our employees and business partners. This will make a positive, long-term contribution to the development of corporate business, the economy and society. "
Award in the field of corporate citizenship established by the Hong Kong Productivity Council jointly with the Committee on Development of Social Education. The aim of this initiative is to increase public awareness of corporate citizenship, as well as ensuring the sustainability of the economy, society and the environment.
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