Staff reporter
SaSa International (0178) announced that turnover in Hong Kong and Macau jumped 38.7 percent year on year to HK$563.6 million for the three months ended June, due to the low comparison base.
However, retail and wholesale numbers slumped 68.7 percent.
Its online business surged 108.8 percent to HK$162.8 million due to sales during a WeChat mini-program in the mainland on the back of the country's 618 shopping festival. Compared to pre-pandemic levels, it still rose 64 percent.
Meanwhile, mainland sales were up 27.5 percent and rose 4.2 percent compared to the same period in 2019, while figures for Malaysia fell 31.9 percent.
Overall income went up 42.1 percent to HK$838.9 million, thanks to Macau and online sales but down 59.3 percent compared to pre-pandemic levels.
Same-store sales in Hong Kong and Macau jumped 44.5 percent, while the comparable figure for the mainland was 7.2 percent.
The firm axed two stores in Hong Kong and Macau, making it to 98, opened four more in the mainland to make it 61, while keeping its Malaysian oulets the same at 75, totaling 234.
Meanwhile, Japan's Fast Retailing (6288), the owner of clothing brand Uniqlo, adjusted its annual outlook for the year ended August, reflecting the lingering impact of the pandemic on sales.
It expects revenue of 2.15 trillion yen (HK$152 billion) despite predicting 2.21 trillion yen. Its profit projection stays at 165 billion yen.
The group said greater China performance fell short of estimates.
For the three months to May, profit was 45.48 billion yen, compared to a net loss of 9.82 billion yen a year ago. Revenue rose 47 percent to 495.22 billion yen.
For the nine months to May, net profit rose 67 percent to 151.3 billion yen. Consolidated revenue rose 9.9 percent to 1.698 trillion yen.
