Chow Tai Fook Jewellery Group Ltd of Hong Kong recorded a 4 percent year-on-year increase in its July to September sales, fuelled by a surge in demand for gold products as gold prices dropped beginning mid-July.
According to the company, business was strongest in China, with sales rising 9 percent and same-store sales registering a 6 percent growth. Second quarter sales and same-store sales in Hong Kong and Macau, meanwhile, dropped 5 percent and 13 percent, respectively.
Same-store sales for gold products were up 22 percent in China and 4 percent in Hong Kong and Macau. Overall sales of gold products climbed 13 percent.
Gold products accounted for 57 percent of Chow Tai Fook’s total retail sales during the quarter in review, up 8 percentage points compared to the same period last year. Gem-set jewellery cornered 26 percent of total retail sales, the company added.
Chow Tai Fook said it opened 16 points of sales during the period, which included a net opening of 14 jewellery points of sale in China, and two in Hong Kong, Macau and other markets, bringing the total number of points of sale to 2,286 as of September 30.
Chow Tai Fook Jewellery Group Ltd of Hong Kong recorded a 4 percent year-on-year increase in its July to September sales, fuelled by a surge in demand for gold products as gold prices dropped beginning mid-July.According to the company, business was strongest in China, with sales rising 9 percent and same-store sales registering a 6 percent growth. Second quarter sales and same-store sales in Hong Kong and Macau, meanwhile, dropped 5 percent and 13 percent, respectively.Same-store sales for gold products were up 22 percent in China and 4 percent in Hong Kong and Macau. Overall sales of gold products climbed 13 percent.Gold products accounted for 57 percent of Chow Tai Fook’s total retail sales during the quarter in review, up 8 percentage points compared to the same period last year. Gem-set jewellery cornered 26 percent of total retail sales, the company added.Chow Tai Fook said it opened 16 points of sales during the period, which included a net opening of 14 jewellery points of sale in China, and two in Hong Kong, Macau and other markets, bringing the total number of points of sale to 2,286 as of September 30.
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Chow Tai Fook Jewellery Group Ltd of Hong Kong Recorded a 4 percent year-on-year increase in its July to September Sales, fueled by a Surge in demand for Gold Products as Gold prices dropped Beginning Mid-July. According to the Company, business. was strongest in China, with sales rising 9 percent and same-store sales registering a 6 percent growth. Second Quarter Sales and Same-Store Sales in Hong Kong and Macau, Meanwhile, dropped 5 percent and 13 percent, respectively. Same-Store Sales were up 22 percent for Gold Products in China and Hong Kong and Macau in 4 percent. Sales climbed 13 percent overall of Gold Products. Gold Products accounted for 57 percent of Chow Tai Fook's total RETAIL Sales during the Quarter in review, up 8 percentage points compared to the Same period last year. Gem-SET jewelery cornered 26 percent of total RETAIL Sales, the Company added. Chow Tai Fook said it Opened 16 points of Sales during the period, which included a .NET opening of 14 jewelery points of sale in China, and Two in Hong Kong,. Macau and other markets, bringing the total number of points of sale to 2,286 as of September 30.
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Chow Tai Fook Jewellery Group Ltd of Hong Kong recorded a 4 percent year-on-year increase in its July to, September sales. Fuelled by a surge in demand for gold products as gold prices dropped beginning mid-July.
According to, the company business. Was strongest in China with sales, rising 9 percent and same-store sales registering a 6 percent growth.Second quarter sales and same-store sales in Hong Kong, and Macau meanwhile dropped 5, percent and, 13 percent respectively.
Same-store. Sales for gold products were up 22 percent in China and 4 percent in Hong Kong and Macau. Overall sales of gold products. Climbed 13 percent.
Gold products accounted for 57 percent of Chow Tai Fook 's total retail sales during the quarter in. Review.Up 8 percentage points compared to the same period last year. Gem-set jewellery cornered 26 percent of total, retail sales. The company added.
Chow Tai Fook said it opened 16 points of sales during the period which included, a net opening of 14 jewellery. Points of sale in China and two, in Hong Kong Macau and, other markets bringing the, total number of points of sale, to 2286 as of September 30.
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