Brief: Luk Fook Holdings International Says Overall Same Store Sales Growth Declined By 25% For Qtr

Luk Fook Holdings (International)

16/01/2020 11:59

Jan 16 (Reuters) - Luk Fook Holdings International Ltd
 0590.HK :
    * OVERALL SAME STORE SALES GROWTH DECLINED BY 25% FOR
QUARTER
    * GROUP WILL REDUCE NUMBER OF SHOPS IN AREAS WHICH ARE
CONSIDERABLY IMPACTED BY SOCIAL INCIDENTS IN HONG KONG
    * GROUP IS PROACTIVELY NEGOTIATING WITH LANDLORDS IN HK FOR
RENTAL
REDUCTION
    * Q3 OVERALL SAME STORE SALES GROWTH FOR HONG KONG & MACAU
MARKET
DECLINED 27%
    * GROUP TO SPEED UP EXPANSION IN MAINLAND, WITH TARGET OF
MIN 300
NET SHOP ADDITIONS THERE FOR FY2020
    * EXPECTS TO HAVE 3 NET SHOP ADDITIONS IN HONG KONG AND
MACAU
MARKET ALTOGETHER IN FY2020
    * ALSO SEEKING EXPANSION OPPORTUNITIES IN MACAU

Source text for Eikon:  ID:nHKS2SFqKC 
Further company coverage:  0590.HK 

 ((Reuters.Briefs@thomsonreuters.com;))