Sa Sa International Holdings is one of Asia’s leading cosmetics retailers. Founded in 1978, it listed in Hong Kong 1997, and its operations span Hong Kong, Macau, Mainland China, Singapore, Malaysia and Taiwan.
Hong Kong entrepreneur Chris Chan is selling his Fancl products distributor after a long-running dispute with the Japanese maker of the popular cosmetics brand.
Well-known Hong Kong retailers like Watsons and Sa Sa are aggressively expanding in the bay area, where the prestige of their brands makes them a hit with mainland consumers.
Hong Kong retailers are adapting to slowing sales by seeking growth in China and via online channels while closing stores and pursuing bigger rent concessions.
Sa Sa is tapping the expertise of e-commerce solutions provider Boutir to shore up online sales as the Covid-19 pandemic and new competition threaten its position as Hong Kong’s biggest cosmetics retailer.
Sa Sa International warned of record loss as the coronavirus pandemic and anti-government protests reduced tourist arrivals to a trickle, damaging sales.
Beleaguered Hong Kong cosmetics retailer Sa Sa International will focus on Hongkongers’ needs after local customers emerged as the biggest source of revenue in its fourth quarter.
US President Donald Trump says he has no deadline for getting a partial trade deal completed with China. “I just tell you, in some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now and we’ll see whether or not the deal is going to be right"
Alibaba (9988 HK) fell again, posting its third straight day of losses. Sa Sa International (178 HK), Hong Kong’s biggest cosmetics retailer, declined after announcing cost cutting measures as it reels from protests, trade war.
Mainland tourists won't return to Hong Kong any time soon, warns VC Asset's Tse
Cosmetics giant Sa Sa International Holdings saw same-store sales growth in Hong Kong and Macau slow to 2.4 per cent year on year from the start of last month to Sunday, down from 6.9 per cent in the six months to September.