Sa Sa International Holdings Limited, Asia's
leading cosmetics retailer and beauty services group, announced
Wednesday in HK it plans to open 100 stores in the Chinese
mainland.
Speaking at a press conference on the group's
annual performance, Simon Kwok, Chairman and Chief Executive
Officer of the group, said having leveraged its strong brand
name, Sa Sa will continue to expand its network in the Chinese
mainland by broadening the product range, increasing marketing
efforts for exclusive brands and providing further training
to the local staff.
The group opened its first Sa Sa store in
the mainland in Shanghai on 26 March 26, 2005.
In Hong Kong and Macao, Sa Sa's core retail
business improved significantly mainly due to the increased
spending by tourists, in particular from the mainland, as
well as the growing confidence of local consumers. Retail
and wholesale turnover reached 1,916.0 million HK dollars
(245.64 million US dollars), an increase of 25. 0 percent.
Source: Xinhua