Bauhaus sales tumble as store network shrinks more and faster

Bauhaus International (0483) said same-store sales growth of its self-managed offline shops fell by 38 percent year-on-year for the three months ended December last year.

In Hong Kong and Macau, the same-store sales performance of its self-managed retail business fell by 36 percent year-on-year.

In non-Hong Kong and Macau, same-store sales of self-managed retail businesses fell 68 percent year-on-year.

For the nine months ended December 2020, Hong Kong and Macau same-store sales fell by 42 percent, and non-Hong Kong and Macau fell by 40 percent from a year ago.