Sa Sa to exit Singapore as Hong Kong protests, dwindling mainland tourists crush retail sales. Cosmetics retailer Sasa International has officially exited the Singapore market, after closing all 22 retail stores here. The second segment surprised and even shocked when Sasa announced that he will pull out of the Singapore market for both customers and employees. Exit from Singapore will allow Hong Kong cosmetics chain to put resources in core markets to help stem six years of losses Sa Sa and peers face difficult operating environment as fewer tourists from mainland China deny city's retailers of crucial 'lifeblood' Sa Sa International, Hong Kong's biggest

Facebook / Sasa Singapore After recording six years of losses in Singapore, Hong Kong cosmetics giant Sasa will close all 22 of its retail stores in the Republic. Sa Sa to exit Singapore as Hong Kong protests, dwindling mainland tourists crush retail sales Sa Sa has already closed six stores in Hong Kong … SINGAPORE: Cosmetics retailer Sasa International announced on Monday (Dec 2) that it will close all 22 stores in Singapore. Our Singapore Property Classifieds provide one stop property search for apartment, condo or house for rent or sale in Singapore. Sasa said the 170 employees will be fully compensated according to Singapore's employment regulations. The latest move is part of Sasa's strategy to focus on its core market in Hong Kong, which has become more difficult due to a drastic decline in mainland China's tourist arrivals, the cosmetic retailer added. Attempts to boost sales in recent years by restructuring the local management team and enhancing store display and product mix have been “far … Sa Sa International, Hong Kong's biggest cosmetics retailer, will close all its 22 stores in Singapore and cut 170 jobs to save costs as it struggles to stem six years of losses, months of anti-government protests, and the US-China trade war.. Exit Gate City Pilot School San Jose District, Pagadian City ... Book now at SASA TRAVEL AND TOURS.... Pls contact SASA @ 09282794510 . now in a … In a filing to the Hong Kong stock exchange on Monday (Dec 2), Hong Kong-based Sasa International announced its exit from the Singapore market. Sa Sa to exit Singapore as Hong Kong protests, dwindling mainland tourists crush retail sales The 22 stores will be closed as early as possible but … Singapore Expats offers a one-stop residential Singapore property guide, renting procedure and information directory for expatriates living or relocating to Singapore.. Customers, staff voice concern over Sasa's exit The news of cosmetics giant Sasa's decision to pull out of the Singapore market has taken its … Hong Kong-headquartered cosmetics retailer Sa Sa International has relaunched its presence in Singapore with an exclusive online partnership with e-commerce platform Shopee. Sa Sa has already closed six stores in Hong Kong in … The closure will affect around 170 workers, who have expressed surprised over news of Sasa's exit from Singapore. The move will see 170 jobs axed and has triggered a series of negotiations with property owners over lease-exit penalties. The Singapore Government has been imposing tighter limits on duty-free alcohol purchases, and will also be progressively raising the minimum smoking age in Singapore from 18 to 21. On Monday (2 December 2019), Sasa has also announced that all 22 Sasa International shops in Singapore will be shut down, in a move that is likely to affect about 170 workers. AsiaOne Singapore News - Read the latest Singapore breaking news, opinions, politics, weather, traffic, and more up-to-date Singapore news at AsiaOne According to The Straits Times, shop staff said they learnt about the exit from social media posts and media reports on Monday (Dec 2). Chairman and CEO Simon Kwok said the company wants to concentrate its resources on the Hong Kong, Macau, … [SINGAPORE] The news of cosmetic giant Sasa's decision to pull out of the Singapore market has taken its workers and customers here by surprise.


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