In the three months ended 30 September, the group closed a net of 69 stores. During the same period, it added a net of five stores in other markets - London, Taiwan, Kuala Lumpur, Singapore, and Ho Chi Minh City.
The company's revenue increased by 8 per cent on a year-on-year basis during the third quarter. Higher gold prices and increased demand for weight-based gold products were highlighted as critical factors.
As of September, the group operated 2,788 stores worldwide. It further plans to add 30 new stores in overseas markets across the coming financial year.
Earlier this year, the company announced plans for a significant expansion in the Australian market. Deputy chief executive Nancy Wong told local media that she was confident Australia would evolve into a crucial market for the company.
“Australia has a lot of Hong Kong immigrants, and also mainland Chinese people, so we have a reputation and brand recognition in the Australian market already. That’s why we see huge growth potential in Australia,” she said.
The company's stores in Australia reportedly generated more than $40 million in revenue through March.
• This follows the news that rival Hong Kong-based jewellery retailer Chow Tai Fook is pursuing international expansion amid softer sales in mainland China, its largest market.
While group retail sales declined 0.5 per cent in the September 2026 quarter, international markets recorded combined growth of 33.2 per cent.
The retailer has also announced plans to expand into Australia, beginning with a flagship Sydney store, as part of its broader strategy to strengthen its global presence and diversify beyond its domestic market.
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