Sa Sa turns digital to woo reluctant Chinese tourists [CNBC]
Churchill Capital Corp V Class A (CCV)
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Source: CNBC
Hong Kong cosmetic icon Sa Sa has gone digital to counter mainland Chinese tourists' dwindling interest in shopping, Guy Look, the retailer's chief financial officer, told CNBC's "Squawk Box." Look said Sa Sa tried to establish relationships with potential customers through social media and e-wallet platforms before they arrived in Hong Kong. "That reflects very much a changing consumer behavior; they're dictating what we have to do to attract their attention and share of their wallet," he said on Tuesday. The number of Chinese visitors to Hong Kong grew in July, the first rise in more than a year. Their once legendary spending on consumer goods, however, apprears to have tapered off. Hong Kong retail sales fell 7.7 percent on-year in July, with jewelry and watch sales down more than 26 percent and department store sales falling nearly 7 percent. "While the stabilization in mainland Chinese arrivals has been quite clear, the spending is not completel
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