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Chow Tai Fook Same-Store Sales Drop 8%

Chow Tai Fook Jewellery Group Ltd., the world’s biggest jeweler by market value, posted an 8 percent drop in third-quarter same-store sales as Chinese shoppers curbed spending amid a slower economy.

Sales at outlets open at least a year fell 11 percent on China’s mainland and 6 percent in Hong Kong and Macau during the three months ended December, the company said in a stock exchange statement yesterday.