GLONGHUI March 11 | Lairsdam (00738.HK) released the Group's unaudited retail business operating data for the three months ended February 29, 2024 (“fourth quarter of fiscal year 2023/24”).
In the fourth quarter of the 2023/24 fiscal year, the Group's self-operated retail business recorded a 6.7% drop in total sales and a 5.4% increase in same-store sales compared to the same period last year.
Excluding e-commerce business The e-commerce business recorded a 2.3% increase in total sales in the fourth quarter of the 2023/24 fiscal year compared with the same period last year.
On February 29, 2024, the Group had 283 retail stores in mainland China, a net decrease of 45 from the number of stores on the same day last year. This includes 257 self-operated stores and 26 franchised stores located in mainland China.