Chow Sang Sang Q3 Hong Kong and Macau Same-Store Sales Up 7%

Chow Sang Sang announced its key operating data for the third quarter, with overall retail sales value up 3 per cent year on year, while same-store sales in the mainland and in Hong Kong and Macau rose 4 per cent and 7 per cent year on year respectively. The group said that although the mainland market was affected by cautious consumer sentiment, macroeconomic uncertainty and gold price volatility, demand for gold jewellery remained positive, with priced gold jewellery continuing to be favoured, and together with broad customer demand in Hong Kong and Macau, this drove sales growth.