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Chow Tai Fook's Chinese New Year Sales +32%
Feb 11, 2014 4:22 AM
By Deena Taylor
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RAPAPORT... Chow Tai Fook reported that group retail revenue grew 32 percent year on year during the Chinese New Year period, continuing the momentum of strong gold and gem-set jewelry sales that dominated the company's fourth quarter. Chow Tai Fook did not provide hard totals, however.
During the period extending from January 17 to February 3, revenue from Mainland China jumped 34 percent, while revenue from Hong Kong and Macau rose 28 percent, according to the company.
Same-store sales growth over the new year increased 15 percent with same-store sales growth up 18 percent in Mainland China and 11 percent in Hong Kong and Macau.
Same-store sales of gem-set jewelry grew 13 percent and of gold products increased by 19 percent.
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Tags:
Chinese New Year, Chow Tai Fook, Deena Taylor, gold, Jewelry
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