China bright spot for Sa Sa International
Retail sales during the three-day Labour Day holiday rose by about 4 per cent this year in China, Hong Kong and Macau for cosmetics retailer Sa Sa International Holdings.
It says the increase was mainly attributable to more Mainland China transactions involving more products.
Overall, according to its unaudited figures for the break, from April 29 to May 1, year-on-year sales eased by about 1 per cent, mainly because of a 4 per cent fall in transactions.
Sa Sa says sales to Hong Kong customers remained flat, reflecting outbound travel by residents thanks to the strength of Hong Kong dollar.