date:Mar 19, 2013
airment losses in its properties.
Generally, investment in new stores can be recouped within 50 months. But rising construction costs in Hong Kong and the global downturn mean it now takes longer.
Last year, the group opened five stores in the city - in Tsuen Wan, Tai Wo Hau, Tseung Kwan O MTR station, Tai Wai station and Lohas Park station, bringing the total number to 43.
Chan said the company would focus on optimising the performance of the newly opened stores rather than adding new ones t