Financial News
Written by: Qian Qian
2019-11-25 19:58
Last updated date: 2019-11-25 19:58L'Occitane (0973) Vice Chairman Andre Hoffman said that Hong Kong's business was affected by the demonstrations started in June, but the group did not have a crystal ball to predict future performance. He would prefer to keep a profit in the mall if he would close some of his stores. business.
Andre Hoffman said that the business environment in Hong Kong is difficult. In October, there were branches that need to be temporarily closed. The stores in Tsim Sha Tsui and Causeway Bay were greatly affected and the sales showed significant negative growth. It also refers to the difficulties in operating branches in the tourist areas in the past few months. The Group continued to actively communicate with the owners, and some expressed their willingness to reduce rents. At the same time, some of them were unwilling to tide over the difficulties.
He also pointed out that due to the strong growth of business in Japan, South Korea and China during the period, it was able to offset the weakness of Hong Kong's business. The Group believes that Hong Kong's status is easily replaced by other regions. Passengers can choose to spend elsewhere. The Group will continue to monitor the situation in Hong Kong.
The Group said that the sales of “Double Eleven” have strong performance and will continue to promote e-commerce sales in the future, and will cooperate with Tmall, Jingdong and Xiaohongshu.
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