Sa Sa International Holdings Limited (00178) said for the second quarter from 1 July to 30 September 2019, the group's retail and wholesale turnover decreased by 20.8% on a year-on-year basis.
In Hong Kong and Macau markets, the retail and wholesale turnover decreased by 24.1%, while same store sales dropped by 28.5%. The decline was attributable to the decrease of 21.9% in total transaction volume, of which the number of transactions of mainland tourists substantially decreased by 37.7% and that of local customers dipped slightly by 1.7%. The average sales per transaction of local customers and mainland tourists increased by 2.2% and 3.3% respectively. The change in the proportion of the customer mix led to a 5.4% decline in the overall average sales per transaction.
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