Le Saunda, the Hong Kong shoe retailer has reported yet another annual loss of US$4.28 million. The loss followed last year’s $3.9 million, while in 2018 it lost $8.4 million.
“While the Hong Kong market was expecting that consumption would be stimulated during the traditional peak season of the Chinese New Year, there came the threat of the Covid-19 epidemic, worsening the already gloomy local market and pushing Hong Kong’s retail industry into a super-cold winter,” – James Ngai, Chairman.
