Le Saunda Holdings (HK:0738) has released an update.
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Le Saunda Holdings Limited has reported a significant downturn in its retail business for the first quarter of the financial year 2024/25, with a worrying 32.1% drop in total sales and a 22.3% fall in same store sales. The Group’s e-commerce business also saw a decrease, albeit more modest at 3.7%. Additionally, the company’s physical retail network has shrunk by 46 outlets, leaving a total of 267 outlets across Mainland China.
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