Happy New Year for Sa Sa International
More tourists from Mainland China and stronger domestic demand helped lift Lunar New Year sales for cosmetics retailer Sa Sa International Holdings.
Its unaudited figures for its retail business in Hong Kong and Macau show sales increased by 16 per cent compared with last year during the holiday period (from February 16 to 22).
According to Hong Kong immigration officials, the number of mainland tourist arrivals increased by 14.5 per cent year on year.
In Hong Kong, Sa Sa’s retail sales grew by 15.5 per cent, mainly because of increased tourist numbers (up 19.9 per cent) and higher average sales for local transactions of local customers (up 9.7 per cent).