Eu Yan Sang, traditional Chinese medicine retailer and wellness brand, recently reported a 75-percent plunge in net profit for its second quarter, extending its loss record for more than three consecutive quarters.
The company attributed the loss to lower foreign exchange gain coupled with higher distribution and selling expenses. In addition, lower spending by mainland tourists and a continuing challenging retail environment were blamed for lower Hong Kong sales.
In China, its...
- Campaign Asia-Pacific online premium content* including in-depth monthly focus on key trends and industry issues
- Unlimited website access*, and an archive of more than 70,000 articles
- Regular value-added supplements including brand health checks, sector studies, ad critiques and research charts
- Daily newsletters and breaking story alerts straight to your inbox
- New weekly feature articles on the latest research, innovation and marketing trends
- Be the first to hear about industry events