In the second quarter of this year, Chow Tai Fook’s retail sales fell by 20% YoY, with an 18.6% decline in mainland China and a 28.8% drop in Hong Kong, Macau, and other markets. Chow Tai Fook continued to close stores, with a net closure of 91 stores in the second quarter and a total of 180 stores closed in the first half of the year. Similarly, Chow Sang Sang faced challenges, with net profit attributable to shareholders dropping by 36% to HK$526 million ($67 million) in the first half of the year. Despite opening 25 new stores, the company closed 47.