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SA SA INT'L Chair Plans to Focus Resources on Developing Online Biz in CN
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SA SA INT'L (00178.HK) Chairman and CEO Simon Kwok stated that the group continued to maintain stable development despite challenges such as global economic uncertainty, tariff issues, and changes in tourist consumption patterns, and he remained optimistic about the long-term prospects of the retail industry. For the year ended March 2025, SA SA INT'L recorded a provision of RMB30 million for the cost of shutting down stores in Mainland China. Kwok revealed that the remaining 18 offline stores in Mainland China will be closed in an orderly manner. Nine stores were already closed by the end of last month, and the remaining stores are expected to be closed by the end of this month. The group will focus on developing its online business to enhance profitability, Kwok added. Resources will be concentrated on online operations, particularly in cross-border e-commerce. AAStocks Financial News |
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