Chow Tai Fook Q4 sales fall in Macau, Hong Kong

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. The news agency quotes the company as saying annual growth in its same-store sales generally slowed to 4 percent in the fourth quarter from 11 percent in the third. Annual growth in its same-store sales in the mainland accelerated to 15 percent in the fourth quarter from a 14 percent in the third.