Le Saunda SAR sales step up

Shoe company Le Saunda increased its sales some 13.6 percent year-on-year in Macau and Hong Kong to HK$234.5 million. In Macau, Le Saunda achieved HK$38.7 million revenue, trumping 2012 when it reached HK$31.2 million. During the last financial year, Le Saunda opened three new outlets in Macau and Hong Kong and now has a total of 22 shops – 9 street stores and 13 shopping mall stores – in the Special Administrative Regions. All in all, the company posted HK$288,633 million which represents an increase of 61.4 percent over 2012. Le Saunda, however, is cautious about the future given the slowdown in China’s economy. ‘The further slowdown in China’s economic growth in the past year signifies the end of a high-growth period for the retail sector. Traditional department stores are losing their customers’, it wrote in a report, although it added that ‘The Group remains cautiously optimistic about the coming year, with the view that opportunities always exist amid crises’.