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Oct 15, 2012 13:43 JST

Source: Hengdeli Holdings Ltd

Watch Seller Hengdeli Posts Double-digit Sales Growth in Golden Week and Third-quarter

HONG KONG, Oct 15, 2012 - (ACN Newswire) - Hengdeli Holdings Ltd. <3389.HK>, a luxurious watch retailer in the Greater China, said sales registered double-digit growth in total during the Golden Week holiday and third-quarter.

Despite the decline in the number of National Day visitors to Hong Kong for the first time in three years, Hengdeli still outperformed many other jewelry and retail stocks and posted a double-digit sales increase for its mid-range watches. Boosted by the spending by family travelers, the mid-range watches, especially the watches priced at 30,000 yuan, achieved a strong growth during the eight-day holiday.

Chairman Zhang Yuping is confident about the future prospect of China's economy and believed the 18th party national congress of the Communist Party of China is positive for the prospect of the retail sector. Hengdeli keeps its target of at least 40 new store openings per year unchanged.

Source: Hengdeli Holdings Ltd
Sectors: Daily Finance, Daily News

Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


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