Sunday, June 16, 2024
Sasa International's revenue soars as travel rebounds.

Sasa International’s revenue soars as travel rebounds.


Sasa International Achieves Impressive Turnover Growth Despite Online Sales Drop

Sasa International, a renowned beauty retailer headquartered in Hong Kong, has experienced a remarkable upswing in turnover for the quarter ending June 30. Despite facing a significant 25.3% decrease in online sales, the company still managed to achieve a 30.9% growth, amounting to a total turnover of HKD1.04 billion (US$133 million).


Retail Store Numbers and Regional Sales Performance:

Sasa currently operates a network of 223 retail stores as of June 30. The resurgence of cross-border travel has fueled a considerable surge in sales within Hong Kong and Macau SARs, witnessing a substantial growth rate of 53.5%. However, China and Southeast Asia have experienced a decline in sales, with a notable drop of 32.8% and 8% respectively.


Boosted Retail Sales Amidst Resumed Cross-Border Travel

The significant increase in turnover can be directly attributed to the reestablishment of cross-border travel from Mainland China. This revitalization has aided in strengthening retail sales. Despite the decline witnessed in China and Southeast Asia, Sasa is actively leveraging digital platforms to re-engage Mainland tourists in order to enhance post-travel sales performance.


About Nick Dunn

Meet Nick Dunn, an exceptional author on our blog with a focus on news and politics. With an expertise in covering current affairs, international news, opinion and analysis, as well as politics and government, Nick delivers insightful and thought-provoking posts that are both informative and engaging. With his in-depth knowledge and sharp analysis, he keeps you informed and up-to-date on the latest news and developments around the world!

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