Bleak third quarter for Le Saunda
Footwear retailer Le Saunda has been on shaky ground for its third quarter with both store and online sales falling, plus substantial store closures.
It unaudited figures for the three months to the end of November showed sales declining by 19.1 per cent and same-store sales down by 11.7 per cent compared with the same period a year ago.
Meanwhile, its e-commerce business sales declined by 2.6 per cent.
At the end of the period the group had a total retail network of 710 outlets in Mainland China, Hong Kong and Macau – 112 fewer than a year ago. These comprised 636 self-owned outlets in China, Hong Kong and Macau and 74 franchised outlets on the mainland.