Hong Kong Retailers Suffer From Slump in Chinese New Year Sales

  • Chow Tai Fook's same-store sales sank 28% from year earlier
  • Jewelry retailer warns of worse sales in current quarter

Pedestrians pass a mural in the Lan Kwai Fong area in Hong Kong.

Photographer: Lam Yik Fei/Bloomberg

Hong Kong retailers Chow Tai Fook Jewellery Group Ltd. and Sa Sa International Holdings Ltd. reported slumping sales over Chinese New Year as the number of mainland tourist visitors tumbled.

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