Sales of jewelry with precious stones on the mainland fell 20%, as Valentine's Day was not included in the holiday period this year, explained to the Chow Tai Fook. General income of the company in the mainland still rose as high gold sales outweighed weak performance segment jewelry with precious stones.
In contrast, the total retail sales in Hong Kong and Macao fell by 11% and same-store sales decreased by 7%, while sales of jewelery with precious stones collapsed immediately by 37%.
"Indicators of comparable sales of jewelry with precious stones hit on the fall of the average price of products sold in Hong Kong and Macau in the same period last year there was an increasing number of large transactions." - say in the company.
The results reflect data Chow Tai Fook in the period from October to December 2016, during which the volume of retail sales in mainland China rose by 7%, while revenue in Hong Kong and Macao fell by 6%.
http://www.feedlisting.com/rss-feed-url/898224.html
1 comment:
Malabar Gold & Diamonds, one of the leading Indian jewelery retailers, recently reported plans to expand operations in India and the Persian Gulf through 22 new boutiques, a milling company in Mumbai and a refinery in Dubai, the company said.
The company's expansion plan is part of its strategy to create a network of approximately 300 stores by 2020. Expansion of jewelry production units will create about 5000 jobs for experienced craftsmen.
"New boutiques in the next six months will be opened in the major cities of India, the countries of the Persian Gulf and the Far East, thanks to which the total number of them will be 155," MP MP Ahammed, Chairman of the Board of Directors of Malabar.
" In accordance with the government's "Do it in India" initiative, we are organizing new enterprises in an industrial park in Kerala and other states - Andra Pradesh, Gujarat and West Bengal, "continues Ahammed.
"We will also build an upgraded refinery on five acres of land in Dubai with the support of the Dubai authorities." Malabar annually recycles 1200 kg of gold at its facilities in the Indian states of Kerala, Karnataka, Tamil Nadu, Maharashtra and Telangana, and also abroad - in Doha , Sharjah and Riyadh.
"As more and more citizens of India buy jewelry due to changes in their lifestyle, increased incomes and fashion trends, in Mumbai, a major diamond center, we will create a limited enterprise," added Aha Mmd.
Shops of retail network Malabar Gold & Diamonds are located in nine countries, including Bahrain, Kuwait, Oman, Malaysia and Singapore. Soon the company will open bottles in Hong Kong and Indonesia.
Post a Comment