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Tag: Macau

  • Dolce & Gabbana’s Christmas pop-up at Galaxy Macau

    Dolce & Gabbana’s Christmas pop-up at Galaxy Macau

    Dolce & Gabbana is launching a new Pop Up at The Promenade Shops, Galaxy Macau, featuring its iconic colorful Christmas characters and festive decorations. Inspired by traditional Sicilian parades, the exclusive-to-Asia pop-up store features the brand’s latest collections and inventive installations.

    Shoppers will be the first to experience the pop-up at the Pearl Lobby of The Promenade Shops from 16 November 2018 through 6 January 2019.

    The italian brand will light up the Pearl Lobby with luminaria (festive lights) and ornate, hand-painted Sicilian carreto (carts).

    The craft of making carreto has been handed down from generation to generation and is often a focal point of Dolce & Gabbana’s aesthetics.

    At The Promenade Shops, they will carry the latest men’s, women’s and children’s prêt-à-porter and accessories collections, as well as an exclusive, Chinese-inspired collection featuring the beloved and playful panda.

    Shoppers purchasing at the pop-up will be entitled to various customization activities for personalized Dolce & Gabbana gifts.

    Hazel Wong, Senior Vice President of Retail for Galaxy Macau, said, “We are excited to host an unmissable, Sicilian-style Christmas celebration with delightful Chinese accents courtesy of legendary Italian fashion brand Dolce&Gabbana.”

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  • President Xi Jinping expected to launch the Hong Kong-Zhuhai-Macau bridge

    President Xi Jinping expected to launch the Hong Kong-Zhuhai-Macau bridge

    The Hong Kong-Zhuhai-Macao Bridge – the world’s longest sea bridge which has taken nine years to build – is expected to be officially opened by President Xi Jinping next Tuesday. Central government’s liaison office in Hong Kong has announced the event will take place in Zhuhai on October 23 but Xi will apparently not be crossing over to the Hong Kong side to mark the linking of the three cities through the mega project

    The 55km bridge marks a new milestone in Beijing’s broader push to create the Greater Bay Area – a technology-led economic hub comprising Hong Kong, Macau and nine Guangdong province cities with aspirations to rival California’s Silicon Valley.

    The bridge will put the three cities it links within an hour’s drive of each other and is expected to boost economic development and tourism in Hong Kong, which has invested HK$120 billion (US$15.3 billion) in the project.

    The bridge will provide a fast lane to the western part of the Pearl River Delta, Guangdong and Guangxi. A trip between the Kwai Chung Container Port and Zhuhai would be reduced from about 3½ hours to an hour and 15 minutes.

    And it would only take around 45 minutes to travel from Hong Kong International Airport to Zhuhai instead of the current four hours.

    The presidential trip, the subject of much speculation this year, would be highly symbolic in marking the 40th anniversary of China’s landmark economic reforms and opening-up policy.

    The southern economic powerhouse of Guangzhou was the lead runner in the reforms, with Shenzhen chosen as the first special economic zone to test out market-oriented policies.

    It was also the destination of Xi’s maiden visit outside Beijing after taking power in late 2012, and was seen as a strong signal of his support for greater market-oriented reforms.

     

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  • New CDFG flagship at Grand Lisboa Palace in Macau

    New CDFG flagship at Grand Lisboa Palace in Macau

    Sociedade de Jogos de Macau (SJM) and China Duty Free Group (CDFG) announced that they have entered into a binding Memorandum of Understanding to open a CDFG flagship store at Grand Lisboa Palace in Macau.

    Grand Lisboa is SJM’s future integrated resort on Cotai, Macau. It is expected to open in the second half of 2019.

    CDFG will be the anchor tenant, operating 7,500sq m in a prime first floor retail space at the Grand Lisboa Palace, marking the Chinese travel retail giant’s downtown debut in Macau.

    CDFG, established in 1984, is China’s leading duty free retailer, and is a subsidiary of the travel giant China National Travel Service Group Corporation Limited (CNTS).

    CDFG has over 200 stores across China, the most duty free outlets in a single country within the travel retail sector.

    CDFG’s Macau flagship store will be in Grand Lisboa Palace’s much-anticipated 53,000sq m retail mall themed “Fantasy Garden”, which will cover the first and second floors of the development.

    Building on CDFG’s long-term relationships with top-tier luxury brands, its Macau flagship store at Grand Lisboa Palace will carry a diverse mix of perfumes and cosmetics, watches and jewellery, apparels, shoes and accessories, travel-related products, and other categories.

    “Macau is an integral part of the Greater Bay Area, welcoming 32.61 million visitors in 2017, amongst which 90.3% were tourists from Greater China.” said Charles Chen, CDFG’s President.

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  • Strong growth for LVMH Moet Hennessy Louis Vuitton

    Strong growth for LVMH Moet Hennessy Louis Vuitton

    LVMH Moet Hennessy Louis Vuitton boosted revenues by 10 per cent to €33.1 billion in the first nine months of this year.

    Organic sales grew 11 per cent compared to the same period last year and by 13 per cent after excluding the impact of the closed DFS concessions at Hong Kong International Airport at the end of the year. Every geographic market performed well, the company said. Third quarter revenue was up 10 per cent.

    The wines & spirits business group recorded organic revenue growth of 7 per cent during the first nine months, with Champagne volumes stable and Hennessy cognac volumes increased by 4 per cent, led by the US and Chinese markets.

    The fashion & leather goods business group achieved organic revenue growth of 14 per cent and 20 per cent reported, with the flagship Louis Vuitton brand the standout performer.

    “Ready-to-wear and shoes, in particular, experienced strong momentum with an excellent reception of the last two fashion shows of womenswear and menswear,” the company said in a statement.  “A new communication for Louis Vuitton perfumes was unveiled, marking the launch of the brand’s latest perfume creation. Christian Dior, consolidated since the second half of last year, enjoyed an excellent performance.

    Celine made progress and began a new chapter in its history with the first runway show of Hedi Slimane, which was a great success and created enormous resonance. Fendi and Loro Piana continued to grow. The other brands continued to strengthen,” the company said.

    LVMH Moet Hennessy Louis Vuitton’s perfumes & cosmetics business group recorded organic revenue growth of 14 per cent, driven in particular by the performance of its star brands Christian Dior, Guerlain and Givenchy.

    The watches & jewellery business group achieved organic revenue growth of 14 per cent, with Bulgari delivering “an excellent performance and gaining market share”.

    The selective retailing business group achieved organic revenue growth of 8 per cent in the first nine months of 2018, and 14 per cent excluding the airport concession closures in Hong Kong.

    Sephora’s organic revenue growth was strong, particularly in North America and Asia. The expansion and renovation of its distribution network is continuing with a new store concept in China and the first Sephora-branded store in Russia.

    “DFS performed well, especially in Hong Kong and Macao. The recent openings of T Galleria in Cambodia and Italy progressed well.”

    The company said that in an “uncertain geopolitical and monetary context, LVMH will continue to be vigilant” in the months ahead.

  • DFS stores launches Meitu Magic Mirrors

    DFS stores launches Meitu Magic Mirrors

    DFS stores in 16 international cities – including Hong Kong and Macau – will be featuring Meitu Magic Mirrors for the next year.

    The connected device allows customers to see their desired makeup style applied directly to their face, just as if they were standing in front of a mirror. An AI algorithm is used to make personalised recommendations based on customers’ facial features. Photos taken by the device can be shared on social media.

    The Meitu Magic Mirrors will be installed in 22 stores, in cities including Macau, Singapore, Indonesia, Japan, Australia, the UAE and the US.

    According to reports, the effect is true-to-life and product colours and textures are accurately displayed. It is designed to drastically lower the time shoppers spend trying out products, while preventing sanitary concerns that can arise when sampling items in a public venue.

    Previously, the Meitu Magic Mirror has been used to promote Lancome, Nars Cosmetics, Make Up Forever, Sephora, and Dolce & Gabbana.

    Meitu is a Chinese AI-driven photo/video editing and sharing company that also produces smartphones.

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  • Giordano slows down in Hong Kong, Macau market

    Giordano slows down in Hong Kong, Macau market

    Apparel retailer Giordano says sales growth in its key Hong Kong and Macau market has become “increasingly sluggish”.

    While the year started well, “inclement weather and fierce competition have hindered performance so far,” chairman and CEO Peter Lau said in the company’s half-year results announcement.

    “But we are confident the experienced local management team will continue to reduce costs and devise creative campaigns to outperform our competitors. This market will also continue to serve as a new idea incubator and talent development centre,” he said.

    Group sales for the first half of this year were HK$2.86 billion (US$364 million), up 9.2 per cent on the same period last year. Comp-store sales and comp-store gross profit rose by 5.1 per cent and 3.1 per cent, respectively.

    Post-tax profit was HK$254 million, an increase of 3.7 per cent, with net profit margin easing by half a percentage point to 8.9 per cent.

    Lau said the company was optimistic about its outlook for Giordano’s Mainland China business.

    “Performance in the first half … has been flat and there is some degree of uncertainty surrounding the impact of the Sino-US trade war in the imminent future. That said, our e-commerce business in China continues to perform better than the group’s average and there has also been an improvement in the performance of both our franchisees and our [stores]. We anticipate that our store network will continue to expand, but we will monitor the pace and scale in view of the macroeconomic conditions.”

    Giordano finished the half year with 2444 stores, equivalent to 2.331 million sqft of retail space throughout Asia-Pacific, 1293 of those standalone stores.

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  • Galaxy Macau launches first-in-Macau experiences

    Galaxy Macau launches first-in-Macau experiences

    Starting this season and continuing through the Fall and Winter, The Promenade Shops will bring shoppers the most exclusive opportunities available for the first time and nowhere else in Macau, including the grand opening of new stores, product and collection launches and first-ever pop-ups and installations.

    The Promenade Shops is home to the first and only Delvaux flagship store in Macau, bringing shoppers unprecedented access to the most authentic luxury leather goods house from the kingdom of Belgium.

    In August 2018, Delvaux at The Promenade Shops will open its doors to a new, elegantly designed flagship location on the ground floor. The new flagship is designed in Flemish traditional style with a modern and subtle approach. Celebrating the opening of the flagship store, shoppers will have the opportunity to fully explore the brand’s exquisite craftsmanship and luxury creations, including a global exclusive and limited-edition Brillant Mini Box Calf in Skyway with Ivory buckle and the Delvaux Autumn-Winter 2018/2019 collection which exudes the timeless aura of Hollywood glamour in its vibrant jewel tones, illuminated calf leather and opulent graphic motifs.

    Also new to Macau is Italian streetwear and luxury fashion label Off-White™, only at The Promenade Shops. Sported by top-name celebrities such as Beyoncé, Rihanna and Kylie Jenner, the first-to-Macau Off-White store at The Promenade Shops was designed by the brand founder Virgil Abloh.

    Conceptualized around pink marble and permeated with black and white marble, it’s the first and only Off-White store in the world to use pink marble. In celebration of the launch of new store in Macau, operated by Rainbow Group, Off-White™ will offer an exclusive and limited availability capsule collection named as “Rainbow” only obtainable at The Promenade Shops.

    Shoppers are likewise invited to be the first in Macau to explore iconic luxury vintage-inspired label Mr&Mrs Italy. 100% made in Italy by artisans and available for the first time in Macau at The Promenade Shops, the brand brings FW 1819 Collection which presents new stylistic combinations, creating unique and bold garments in the outwear category, exploring the brand’s iconic pieces.

    The Promenade Shops is also home to new-to-Macau jewelry brand FRED from Paris, renowned for its modernity and French Riviera touch, as well as its expertise of exceptional gemstones, pearls, and diamonds. Jewelry lovers in Macau won’t want to miss the sun kissed FRED 2018 collections now on display at The Promenade Shops.

    Hazel Wong, Assistant Senior Vice President of Retail for Galaxy Macau, said, “Since opening in 2015, The Promenade Shops has gained a reputation as Macau’s go-to shopping destination for first-to-Macau brands and experiences, as well as product launches and special events accessible nowhere else in town.

    This is the stage upon which the most celebrated names in style and luxury living make their Macau debut, such as Delvaux, Off-White™, Mr&Mrs Italy and many more. We are also delighted to welcome Tiffany’s exclusive Home & Accessories Collection. The Promenade Shops is thrilled to keep on bringing shoppers the newest and most exclusive fashion to discover at every turn.”

    The first-in-Macau opportunities at The Promenade Shops are never ending, with more exclusive brands, collections and café destinations arriving all the time. This fall and winter will see the launch of bold menswear and womenswear by Marcelo Burlon of Milan, and luxurious cosmetic brand YSL Beauté – both first-in-Macau brands making their debut at The Promenade Shops.

    Canadian luxury fashion house Ports International is also open at The Promenade Shops, bringing its sophisticated and modern tone of ready-to-wear, leather goods and accessories collections to Macau shoppers for the very first time. Onitsuka Tiger, one of the most world-renowned sports fashion brands from Japan, will introduce its fusion of Japanese heritage and modern flair to those looking for refreshing new styles.

    The new Tiffany’s Home & Accessories Collection is likewise available exclusively at The Promenade Shops. This is the only place in Macau to find coveted Tiffany’s lifestyle goods, born from the notion that beautiful things should not be limited to special occasions.

    Luxurious accessories, possessing a whimsical wink that is quintessentially Tiffany’s, include the Color Block Piggy Bank, Tiffany x Steiff Return to Tiffany® Love Teddy Bear in Mohair, and the Everyday Objects Tin Can in Sterling Silver and Vermeil with Tiffany Blue® Enamel Accent inspired by the culet of the dazzling stone Tiffany is known for – all available at The Promenade Shops and nowhere else in Macau.

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  • Jollibee makes debut in Macau

    Jollibee makes debut in Macau

    The popular Filipino fast food franchise Jollibee has opened its first restaurant in Macau.

    Long queues are seen from as early as 7am outside the Jollibee Macau store, with many of those in line being Filipino nationals. A large Jollibee mascot entertained diners as they waited to be served.

    Macau has a strong population of Filipinos working in the casino and f&b sectors.

    The company opened its first restaurant in Milan earlier this year, and also added a venue in Canada where the brand has plans to open 100 stores within five years. Further expansions into the UK, Malaysia, and Indonesia are also in the works.

    Jollibee currently operates in several countries in Southeast Asia and the Middle East, as well as Hong Kong and the US.

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  • Take a look inside the new Apple store at Sands Cotai Central

    Take a look inside the new Apple store at Sands Cotai Central

    The newly opened Apple Macau store has been designed to offer “a calm complement to the buzz and excitement of Macau,” says its creator, Foster + Partners.

    “We wanted to create something very simple and pure – a beautiful and elegant building that complements the sounds, sights and colors of Macau, while embodying a sense of clarity and quietude,” explains Stefan Behling, head of studio at London-headquartered practice.

    “The design creates two distinct spaces, one inside and one outside, imbued with a sense of authentic beauty arising from the innovative use of natural materials.”

    The new store anchors the extension of the Sands Cotai Central retail space, which houses 25 stores. It opened last Friday.

    Technology, entertainment and arts come together in the new store, giving locals and tourists alike an inviting, contemplative space. Behling says its timeless design reinvigorates a corner of Cotai with a distinctive addition – a luminescent cube, whose pure geometry and warm ‘beacon-like’ glow draws passers-by closer, set within a quiet bamboo grove and an external plaza.

    Apple Cotai Central is conceptualised as a ‘paper lantern’ that glows mysteriously. Visitors entering the store are treated to a magical experience, surrounded by glowing stone panels that shimmer throughout the day as the sun brings them to life, while at night the cube radiates a warm glow, contrasting against the bright lights of Macau. The first-of-its-kind glass-stone composite facade comprises five layers of glass integrated with wafer-thin layers of stone, which gives the building its distinctive materiality – appearing as translucent stone walls, akin to stained-glass, explains Behling.

    The structural frame is supported by just three corner columns wrapped in mirrored stainless-steel that reflect the patterns and colors of the facade, dematerialising the structure and blending seamlessly with the surrounding environment.

    Inside, a quiet bamboo grove has been taken from the ‘forest’ outside and placed under a soaring central atrium. It is capped by a large central skylight with punched pyramidical apertures that brings natural light deep into the interior. The ground level is wrapped in a glazed facade that looks onto a layered bamboo screen, providing a heightened sense of enclosure, while blurring the boundaries between the inside and outside.

    At the far end of the store is a 10.6m by 4.5m video wall, alongside an entrance from the adjacent retail shopping mall and casino.

    Two grand stone staircases lead to the upper level, lit by skylight strips that bring in filtered natural light.

    Display tables are arranged around the central atrium looking onto the bamboo grove below. The composite glass-stone facade wraps around the entire upper level, creating what Behling describes as a soft internalised environment that exudes a sense of calm and serenity.

    The Apple Macau store design is the result of a close collaboration between the Apple team led by chief design officer, Sir Jonathan Ive and Angela Ahrendts, senior VP of retail and online stores, and Foster + Partners.

    Full images of the store can be viewed below :

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  • New phase of Sands Cotai Central opens with Apple anchor

    New phase of Sands Cotai Central opens with Apple anchor

    Sands Cotai Central has opened phase four of its retail offer, adding almost 100,000sqft of retail space and 25 retailers.

    At the heart of the expansion is an Apple store, which opens today.

    The new space is home to several brands new to Macao: Calvin Klein Performance and Razzle. Other stores to open are MLB, Esprit, Guess, Watson’s, Noble Mart, Levi’s, Florsheim, Timberland, The North Face, Boy London, Zaxy and Bauhaus.

    Later this year, several restaurants will be added to the line-up, including Chiado, a modern yet authentic Portuguese concept developed in partnership with celebrity chef Henrique Sa Pessoa, and Crystal Jade La Mian Xiao Long Bao, which brings a contemporary twist to classic Beijing, Szechuan and Shanghai cuisine.

    “The addition of these new stores, especially the introduction of an iconic Apple Store, continues to ensure we provide our customers with more new-to-market brands, more choice and more amazing experiences,” said David Sylvester, executive VP of global retail at Las Vegas Sands Corp.

    Sands Cotai Central, which celebrated its sixth anniversary in April, has been the focal point of a wide range of products, offerings and experiences on the Cotai Strip, with access to four hotels since it opened in 2012.

    Earlier this year Sands China revealed plans to transform Sands Cotai Central into The Londoner Macao, which will feature new attractions including some of London’s most-recognisable landmarks.

  • Jeweller Luk Fook time to shine after years of decline

    Jeweller Luk Fook time to shine after years of decline

    Jeweller Luk Fook has reversed a three-year trend of declining revenue in its latest financial year, boosting sales by 13.8 per cent to HK$14.578 billion (US$1.857 billion).

    Releasing its results for the year to March 31, the company said the turnaround was the result of improved retail sentiment, especially in its largest market of Hong Kong-Macau. Profit attributable to shareholders grew 34.7 per cent to $1.4 billion.

    Luk Fook finished the year with 1642 stores globally, 137 more than the previous year with almost all of the new stores on the mainland.

    Wong Wai Sheung, group chairman and CEO,, said that despite the impact of the slowdown in economic growth in Mainland China and the changes to the Individual Visit Scheme, there was gradual improvement in spending per capita.

    The retail business, the group’s primary source of revenue, improved 14.3 per cent to $10.995 billion. Within that, sales of gem-set jewellery increased 24.2 per cent. Sales of gold and platinum products increased by 10.2 per cent.

    Luk Fook reported same-store growth in Hong Kong and Macau of 9.4 per cent last year, a huge contrast to the 19.5 per cent decline of the previous year. Mainland China same-store sales grew by a more modest 4.6 per cent, compared to a 4.8 per cent drop the prior year.

    Besides adding 132 new stores in Mainland China, Luk Fook opened its first licensed store in Cambodia and one store in each of Hong Kong and San Francisco.

    Rebound continues

    Wong Wai Sheung said the improved overall economic environment and increased visitor arrivals in Hong Kong and Macau is reflected in ongoing positive retail sentiment since April this year.

    Same-store sales growth continued to run in the double digits this year and sales of gem-set jewellery in the mainland market had returned to positive growth.

    “However, under the influence of US-China trade war and geopolitics, there are still many uncertainties around.”

    That aside, he said the continuing growth of the mainland’s middle-class population  fuelled optimism about Luk Fook’s mid- to long-term business prospects.

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  • Lady M announces July soft opening in Macau

    Lady M announces July soft opening in Macau

    Lady M’s is gaining more popularity.

    The glamour and luxury of Macau has been chosen as the brand’s next stop with a soft opening planned for mid-July.

    Lady M’s first Macau boutique will launch in the retail haven of Shoppes’ new phase at Cotai Central. With a 10-seat VIP room and a spacious 4,000-square-foot area, this will be Lady M’s largest boutique in the region.

    Complete with custom designed awnings that pay homage to New York City’s boutiques and al fresco vibe, Lady M Macau is sure to be a hit with visitors from around the world.

    To usher in a new era in Cotai, Lady M presents an exclusive cake for Macau in the form of the Passion Fruit Mille Crêpes.

    Featuring no less than 20 layers of handmade crêpes, a zesty and fragrant passion fruit-infused cream binds each layer to provide a perfect harmony between sweet and sour notes, resulting in a cake that was made for a gorgeous summer.

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  • Colourmix axes stores to stop losses

    Colourmix axes stores to stop losses

    Colourmix parent and fashion retailer Veeko has seen its sales fall 4.4 per cent in the last year, to HK$1.928 billion.

    But it posted a $5.26 million profit, a turnaround for the previous year’s $25.9 million loss – all due to an increase in the value of investment property.

    Veeko said its cosmetics division’s sales, which accounted for 82 per cent of group revenue, slipped 1.9 per cent, with gross profit margin easing 1.1 per cent to 31.7 per cent.

    Sales in its fashion division slumped 14.2 per cent to $354.45 million, but gross profit margin improved to 70.1 per cent.

    The cosmetics business lost $6 million for the year and the fashion business lost $8.2 million, but an increase in fair value of investment properties of $31.6 million pulled the overall business to a paper profit.

    At the end of March, Veeko operated 84 Colourmix stores, six fewer than a year earlier, and eight Morimor stores, (up one). The Colourmix stores are primarily in Hong Kong, with five in Macau and one in Mainland China. It opened the first Morimor store outside Hong Kong in November, at The Venetian Macao Resort.

    “It is expected that the market presence and popularity of Morimor stores will be further enhanced through its brand new image in quality and trendy cosmetics,” the company said in its results announcement.

    Fashion business

    As at the end of March, Veeko had 101 fashion stores trading under the Veeko and Wanko banners in Hong Kong, Macau and Mainland China, a reduction of 18. This was partly due to the company exiting Singapore, closing its five stores there.

    The group has 25 stores in Mainland China where it closed four underperforming outlets during the year. It also has a presence on Tmall.

    Looking ahead, Veeko says it expects the Hong Kong retail market to continue to improve gradually.

    “Under the challenging environment, the group is cautiously optimistic about its future development, and will continue to seek opportunities for growth and monitor closely the changes in market trends.”

    The company says it will continue to adjust its store portfolio and review rental levels.

    “Given the downward adjustments of rental rates for certain stores in the market, the rental pressure for stores with expiring lease terms will be reduced, and the group will achieve better results in controlling rental costs. Meanwhile, the group will close down underperforming cosmetics stores and identify prime locations with lower rents for new stores in order to improve overall operation efficiency.”

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  • Sasa Hong Kong and Macau profits soar

    Sasa Hong Kong and Macau profits soar

    Sasa profits soared 34.7 per cent in the last financial year, as sales at Hong Kong and Macau stores posted solid gains.

    Sasa’s parent Sa Sa International says group sales rose 6.2 per cent to HK$8.018 billion (US$1.022 billion), driven by a 7.9 per cent increase in Hong Kong and Macau, which accounts for 82 per cent of its business. Profit for the year was $440.1 million.

    The increased profit and sales were achieved despite the closure of the Taiwan business, with all 25 stores closed by year end, March 31 resulting in a loss of $25.1 million.

    Hong Kong and Macau

    In its results announcement, Sa Sa International said the reasons for the recovery of Hong Kong sales were various. “The satisfactory economic environment, high employment rate, stable property and stock market, and bullish local consumer sentiment are all driving robust growth.”

    The company said demand for middle- and high-end cosmetic products in Mainland China is soaring on the back of strong retail growth driven by the improved purchasing power of Mainland residents living in the third and fourth-tier cities.

    “This, in combination with a weak US Dollar and the strengthening of the Renminbi, is encouraging outbound travel and greater consumption by mainland tourists.”

    When those tourists visit Hong Kong, they typically shop at Sasa and its rivals. The growth rate of total transactions to Mainland Chinese visitors shopping at Sasa during the full year was 4.6 per cent, well ahead of the 3.3 per cent to local shoppers. But tourist transactions rose 8.5 per cent in the second-half year alone.

    With same-store growth up 3.9 per cent, a review of locations clearly paid off. Sa Sa’s sales rose in every quarter, by 21 and 23 per cent in the first two and by 28 per cent in each of the last two.

    Mainland China

    Sa Sa International’s Mainland China sales, measured in local currency, increased by 5 per cent to $298.7 million.

    Thanks to better cost control and increased store contributions, the group’s loss for this market reduced to $10.2 million. Group sales in the mainland rose by 6 per cent in the second half, compared to 3.9 per cent in the first half.

    Singapore

    Sa Sa Singapore sales rose 1.9 per cent for the year to HK$211.5 million, measured in local currency terms, but rose by 8.7 per cent on a same-stores basis.

    Sales declined in the first quarter because of three store closures near the end of the previous financial year, however, same-store sales turned into positive territory in the second quarter, improving further in the second half.

    Malaysia

    Sa Sa Malaysia sales rose 6.1 per cent to HK$362.5 million, but same-store revenue declined 1.2 per cent.

    The company said the more traditional brick-and-mortar retail market in Malaysia has been affected by the rapid development of digital media and e-commerce. “In addition, many new shopping malls have opened, diluting the traffic to the group’s existing stores, especially in the capital Kuala Lumpur, and indirectly affecting stores’ turnover.”

    The group’s turnover growth declined from 9.2 per cent in the first half to 3.4 per cent in the second half.

    Store network

    At the end of March, Sasa had 265 retail outlets, including 118 in Hong Kong and Macau, 55 in Mainland China, 20 in Singapore and 72 in Malaysia. But within Hong Kong and the mainland, 22 stores were closed and 23 opened as the company moved to improve locations and reduce rents.

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  • Urban fashion concept at Macau’s City of Dreams

    Urban fashion concept at Macau’s City of Dreams

    Luxury retailer DFS Group has launched a new multi-brand concept store World Design Space at T Galleria by DFS at Macau’s City of Dreams.

    The store introduces emerging international brands in a technologically enhanced shopping environment that features more than 50 visual and audible screens. It targets consumers seeking broad selections of street and urban fashion wear and accessories, including ready-to-wear, designer bags, footwear, children’s clothing and toys, jewellery and accessories.

    Nelson Mui, DFS VP of global fashion merchandising and trends, said the assortment at World Design Space includes over 35 new and emerging adult and children’s fashion brands from international design houses from Sweden, France and the UK, many of which are exclusive to DFS and in the region.

    “We curated the assortment from the world’s top showrooms to delight our customers while drawing a new generation seeking a youthful and fresh experience,” he said.

    World Design Space is located to connect DFS’s Beauty boutiques and the Fashion Arc at the mall’s Estrada do Istmo entrance.

    View the gallery of the new concept and the launching event below  (7 images) :

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