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Is Sa Sa’s store closure in China a tactical withdrawal or strategic surrender?

Inside Retail

billion, while net profit plunged 64.8 China dream deferred Sa Sa International, founded in 1978 and listed on the Hong Kong Stock Exchange in 1997, initially pursued aggressive expansion in Mainland China starting in 2005. Sa Sa International’s share price dropped 1.82 per cent to close at HK$0.54

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Myer sees elevated annual sales, but is cautious amid economic headwinds

Inside Retail

Department store chain Myer delivered its highest full-year sales since 2005 this year but remains cautious as consumer spending declines due to unfavourable economic conditions. ” Net profit rose 18.2 Statutory net profit rose 23.3 Myer’s total sales grew 12.2 per cent to $3.36 billion in FY23.