With its huge casinos and glittering hotels, Macau has established itself as a top tourist destination for wealthy mainlanders in recent years.
Hong Kong's biggest cosmetics chain Sa Sa International posted strong growth in revenue for the third quarter of financial year 2013–14.
The beauty retailer said on Thursday group turnover rose 14.8 percent from a year earlier to HKD2.52 billion (USD325 million) in the three months ended on 31 December 2013. Same store sales at its Hong Kong and Macau operations surged 15.8 percent. The number of transactions and average sales per transaction in Hong Kong and Macau grew 15.4 percent and 3.1 percent respectively.
Chow Tai Fook Jewellery Group Ltd’s same-store sales in Hong Kong and Macau were 9 percent lower in its fourth quarter than a year earlier as fewer customers visited its shops, Bloomberg reports. In its third quarter, the jewellery retailing chain’s same-store sales in Hong Kong and Macau had been 7 percent higher than a year earlier.
More shops in Macau employed more people last year than they did in 2011, the annual Wholesale and Retail Survey conducted by the Statistics and Census Service of Macau has found.
The survey said there were 5,997 retail establishments, 230 more than in 2011, and they employed 29,979 people, an additional 5,833 staff.
Hong Kong cosmetics retailing group Sa Sa International last week said its retail and wholesale sales jumped 20.1 percent to HKD1.91 billion (USD246.2 million) for the three months ended on 30 June 2013. Turnover in Hong Kong and Macau rose 24.8 percent to HKD1.53b, with same store sales growth of 17 percent. The group's retail and wholesale turnover in other markets, including Mainland China, Singapore, Malaysia, Taiwan and sasa.com, recorded a growth of 4.2 percent during the first quarter.
A consumer satisfaction survey shows that respondents have given the clothes shopping experience in Macau a score of 71.2 points on of a scale of 100 points, while Zhuhai outlets got only 64 points.
Luk Fook Holdings (International) Limited has opened its largest flagship store in in Macau on 8 June. The store has a total floor area of over 16,000 square feet and is the tenth outlet of the Group in Macau.
The store has a “Wedding Zone” which feature high-end products such as pink and blue diamonds and luxury watches.
“The rapid development of Macau in recent years has attracted a tremendous amount of tourists from Mainland China and overseas," said Wong Wai Sheung, Chairman and Chief Executive of the Group.
Jewellery retailer Luk Fook Holdings (International) Ltd announced recently that the same-store sales performance for the group’s self-operated shops in Macau and Hong Kong was up 29 percent for the first three months of 2013.
The bonuses paid to staff in Macau this year will only be the 14th-highest in the region, but they will be the fastest-rising, the results of a survey by Hong Kong's HR Business Solutions Asia Ltd suggest.
The average bonus paid this year by the 27 Macau companies surveyed, most of them retailers, will be 136 percent of monthly pay, according to Business Daily.
The government has given Maxon International Holdings Ltd permission to build a commercial building in Travessa da Sé, in the Senado area.
The authorisation was published yesterday in the Official Gazette.
According to our sister publication Business Daily, the three-storey shopping centre will be Hong Kong developer Henry Ng Chun For’s first project in Macau.