RAPAPORT... While Luk Fook stores have seen an increase in store traffic in the initial days of China’s Golden Week festival, Kathy Chan, executive director and CFO said “I don’t feel we should be optimistic about the figures.”
In an October 6 interview with Bloomberg Television, Chan said gem and jewelry sales in Mainland China are offsetting a downturn in Hong Kong and Macau. The majority of Luk Fook’s more than 1,383 stores are on the mainland.
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