Sa Sa International news

16 April 2020
Beauty-products retailer, Sa Sa International, has posted its Q4 results. Group turnover fell 56.5% to HKD892.4m (US$115.1m). Multiples factors impacting turnover The significant decline in Group turnover was partly due to the closure of Sa Sa’s Singapore business. Sales to mainlanders in Hong Kong and Macau fell 80.8%, as consumer sentiment and travel restrictions following Coronavirus (CO...
26 February 2020
After exiting Singapore towards the end of last year, Sa Sa International has relaunched via a partnership with ecommerce platform Shopee. Sasa trading via Shopee Sasa no longer operates bricks-and-mortar stores. The new strategic partnership has enabled Sasa to open an official store on Shopee. A range of products will be discounted through to March 1 as part of Shopee’s Brands Festival....
12 February 2020
Sa Sa International has reported a 76.9% decline in Hong Kong and Macau sales during Lunar New Year. Sales, volume and footfall plummeting As a result of poor local sentiment, Sa Sa has closed 21 stores and will “substantially strengthen control measures” in order to reduce losses. Its executive directors have taken a 75% salary reduction for three months. Sa Sa’s retail sales in Hong ...
03 December 2019
Sasa International, a leading drugstore in Asia, will shut all 22 stores in Singapore. Six consecutive years of losses The group had tried to improve sales by restructuring its local management team, enhancing store display and product mix, but still failed to turn the business around. In the six months ended 30 September, the Singapore operations reported S$17.3m (US$12.7) of sales, a drop...