February News Brief

[Feb 7 – 2017] Sa Sa International Holdings Limited (“Sa Sa” or the “Group”, stock code: 0178), announced the unaudited sales updates of the retail business in Hong Kong and Macau during the Chinese New Year (the “CNY Period”) from 28 January to 3 February 2017.

 

Hong Kong and Macau – Retail Year-on-Year Change in the

CNY Period 2017 (1)

Retail sales +3.5%
Same store sales -1.0%

The Group’s retail sales in Hong Kong and Macau during the CNY Period(1) increased by 3.5% compared with last year, mainly due to increase in inbound traffic of mainland tourists; the number of transactions contributed from mainland tourists increased by 10.7%, while their average sales per transaction decreased by 4.6%. Sales to local customers decreased by 3.3%, dragging down the overall increase. According to the Hong Kong Immigration Department, the outbound traffic of Hong Kong residents through the airport increased by 12.9% on a year-on-year basis during the CNY Period.


 

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