Hong Kong-based beauty retail group SaSa International Holdings has announced it will close its remaining 18 physical stores in mainland China by June 30, marking a complete withdrawal from the offline retail market in the region. According to its latest full-year financial report for FY2024/25 (ending March 31, 2025), SaSa’s total revenue declined 9.7% YoY to HK$3.942 billion ($504 million), while net profit fell 64.8% to HK$76.97 million ($9.8 million). As of the end of May, the company had already closed nine mainland stores.