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Chow Tai Fook posts strong sales growth

Chow Tai Fook last week unveiled unaudited fourth-quarter operating data ending March 31. Mainland China saw a 12.4% retail sales increase, while Hong Kong, Macau, and other markets collectively rose by 12.8%. Mainland China accounted for 88.6% of sales. Same-store sales in mainland China dropped 2.7%, contrasted by a 4.5% increase in Hong Kong and Macau. Gold jewelry sales surged 3.4% in mainland China and 16.6% in Hong Kong and Macau, while other categories declined. The retail network totaled 7,548 points of sale, with 153 net openings compared to last year.

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