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P. 16

INTERVIEW




                             Sa Sa















                             ONE-STOP BEAUTY PRODUCT



                             SPECIALTY PLATFORM





                                                                               interview with

                                                                               Dr. SiMon kwok,

                                                                               chairMan anD ceo of

                                                                               Sa Sa international

                                                                               holDinGS liMiteD


                                                                               In response, Sa Sa is optimising its portfolio of exclusive
                                                                               brands, accelerating digital transformation, and expanding
                                                                               the OMO (Online-Merge-Offline) new retail model to provide
                                                                               customers with the highest quality products and services.

                                                                               em: How many points of sales do you count, in HK
                                                                               and other countries?
                                                                               SK:  Sa  Sa’s  operations  cover  online  and  offline  retail
                                                                               and wholesale sales channels in Hong Kong and Macau,
                                                                               Mainland China, and Southeast Asia, and online sales
                                                                               in certain locations in the rest of the world. The Group
                                                                               has regional offices in Hong Kong, Shanghai, and Kuala
                                                                               Lumpur, Malaysia. Sa Sa operates 180 physical stores in
                             eXPORt mAGAZINe: Sa Sa 2024, are you satisfied of   total with 82 in Hong Kong and Macau. Sa Sa operates
                             current results up to the 1st semester?           in the online space through its own website and mobile
                             SIMOn  KWOK:  Sa  Sa’s  performance  in  the  first  half   app, and reaches a  wider  audience and geographical
                             of  the year  has been  impacted  by  broader  economic   locations via third party platforms. For example, the
                             challenges,  coupled  with  the  diminishing  effects  of   consumer market in Mainland China is dominated by
                             last year’s post-covid rebound in consumer spending.   online shopping, therefore, the Group is focusing on the
                             Additionally, there is a noticeable trend of residents   development its online business, serving customers via
                             from Hong Kong and Macau engaging in “northbound   mainstream online platforms. Hong Kong and Macau
                             consumption” in Southern China. We are currently in an   are core markets for the Group, with local customers
                             adjustment  phase  and  will  continue  to  actively  adapt   and Mainland Chinese tourists each accounting for half
                             to  changing  market  dynamics  in  pursuit  of  improved   of the business in this market. Sa Sa’s offline presence
                             performance.  As  the  pandemic  recedes,  the  global   in  SEA  is through  a  network  of  73  stores  in  Malaysia
                             economy and consumer patterns are undergoing      and Singapore. Our online presence in the region is
                             transformation and challenges.                    mainly through third-party platforms, Shopee, Lazada

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