[ET Net News Agency, 18 October 2018] Chow Tai Fook Jewellery (01929) said its RSV
(Retail Sales Value) and SSS (Same Store Sales) performance of both Mainland China and
Hong Kong and Macau markets in the second quarter (the three months ended 30 September)
continued to improve year-on-year.
Hong Kong and Macau market recorded an impressive 25% growth during the quarter,
benefitting from a buoyant consumer spending and resilient Mainland visitation. In
Mainland China, RSV registered growth of 15%.
In Mainland China, SSSG, inclusive of e-commerce business, was 5% with a flattish volume
growth. In Mainland China, SSSG of gem-set jewellery returned to positive at 1% and its
respective RSV growth recorded an encouraging growth at 12%.
In Hong Kong and Macau market, SSSG of gem-set jewellery declined 2%. But SSSG of gold
products soared 41%, while SSSG of gold products in Mainland China increased 11%.
The group opened a net of 162 POS in Mainland China during the quarter. While in Hong
Kong, Macau and other markets, it opened 1 Hearts On Fire POS and closed 2 CTF Watch POS
in Hong Kong, and opened 1 Chow Tai Fook Jewellery POS in Korea.
As at 30 September 2018, the group had 2,822 POS in total. (KL)