Win Hanverky Holdings Limited announced same store sales results for the first quarter ended March 31, 2022. The company provided an update on the same store sales performance regarding the high-end fashion retailing business of the Group for the three months ended 31 March 2022. The same store sales growth rate of the offline stores under the High-end Fashion Retailing Business for the First Quarter 2022 was approximately negative 22%, whereas the overall revenue growth rate of the High-end Fashion Retailing Business for the First Quarter 2022 was approximately negative 17%.
As the highly infectious Omicron variant of COVID-19 struck a handful of cities in Mainland China and Hong Kong during the First Quarter 2022, the same store sales growth rate of the offline stores in Mainland China as well as Hong Kong and Macau for the First Quarter 2022 were approximately negative 24% and negative 22% respectively.