CHOW TAI SENG closed 560 stores in one year

Despite the continuous rise in gold prices, the profitability of gold and jewelry companies has declined, and several leading brands have begun to reduce their store sizes. CHOW TAI SENG's latest financial report shows that as of September 30, 2025, the number of the company's terminal stores was 4,675, a net decrease of 560 compared to the same period last year, with franchise stores decreasing by 380, becoming the main force behind the closures. In just the third quarter of 2025, CHOW TAI SENG net closed 43 stores, with franchise stores accounting for over 80%