Watches Maker in Hong Kong
Over the past six months in Hong Kong “in accounting” and a series of demonstrations against the anti-parallel off mainland tourists, a severe blow to Hong Kong’s retail industry, where high-end retail influence even more, single-turnover Easter holidays has dropped three Zhisi Cheng.
Albert Yeung, Chairman of Emperor Group yesterday said the group’s watch and jewelery shop, the Mainland visitors to Hong Kong reduced, and more ready to come to Hong Kong suffered discrimination, “and people give me trouble, and give me kicked luggage!” With the purpose of all visitors currently shopping is for personal use, reducing the gifts, all the high-end business reasons for the decline. Its watch and jewelery store sales in the holiday, fell four percent over last year, “In the past two cards, three cards and five cards diamond diamonds, sell a few grains daily, according to family a week to sell a maximum of twelve, very awful!”
He said the peers Chow Tai Fook (01929) and Luk Fook Holdings (00590), the turnover of the same period fell by three percent. As he expected that the retail industry will “have ranked light”, its watch and jewelery business operations this year will fall by three percent, turnover among the poor shop, consider not renew the lease, and, in order to meet market requirements, store or considering the sale of some of the price is slightly cheaper goods, rather than store now sold watches, priced at more than $ 30,000, however, the group stage No layoffs.
Earlier Emperor Watch and Jewellery (00887) also pointed out that rent for about twelve years Percival ground floor 59 to 61 September this year lease, because rents will be more likely to change.