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  • September 24, 2014
  • Last updated: 12:05pm
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  1. Property - Hong Kong & China - RETAIL

    China’s online retail market squeezes bricks-and-mortar shops

    Posted Sep 23rd 2014, 10:07am by Peggy Sito

    ... chairman 100 million yuan (HK$126 million) if e-commerce made up more than 50 per cent of China's total retail market in 10 years; Ma would pay up if the real economy maintained the dominant ...

  2. Business - Companies - RETAIL

    Denim retailers look to innovate

    Posted Sep 15th 2014, 09:29am by TIFFANY AP

    ... in 78 billion yen (HK$98 billion) for the year ending August, below its previous forecast of 88 billion yen and original estimate of 92 billion yen last October. In an even more telling moment, ...

  3. Business - Companies - RETAIL

    Profit drop hits Xtep stock

    Posted Aug 21st 2014, 04:10pm by TIFFANY AP

    ... (HK$71.4 million) to 284.2 million yuan, mainly due to increased spending in advertising and promotions. The company put in 267.1 million yuan into advertising and promotional expenses, up 77.8 million yuan from a year ago. That equalled 12.5 per cent of the group’s total revenue, which increased 1.8 per cent to 2.1 billion yuan. The board recommended an interim dividend of 8.5 HK cents ...

  4. Business - Companies - RETAIL

    Bonjour sells 19 beauty salons

    Posted Aug 21st 2014, 11:58am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Cosmetic retailer Bonjour has agreed to sell a group of 19 beauty salons to Town Health International Medical for HK$423.78 million in shares. The deal, announced by Bonjour on Wednesday night, expected to result in an unaudited accounting gain of about HK$420 million for the Hong Kong-listed cosmetic retailer. Under the agreement, Bonjour will sell ...

  5. Business - Companies - RETAIL

    Golden Eagle profit down 23.2pc

    Posted Aug 26th 2014, 10:48am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Mainland department store operator Golden Eagle Retail’s first-half net profit fell 23.2 per cent to 483.8 million yuan (HK$609.5 million). Same store sales ... an aquarium in a department store, the first on the mainland. At 10.25am on Tuesday, shares of Golden Eagle were trading at HK$9.96, down 2.7 per cent, while the Hang Seng Index had dropped 0.1 per ...

  6. Business - Companies - RETAIL

    China Resources expects drop in profitability after acquisition of Tesco stores

    Posted Aug 21st 2014, 01:40pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com China Resources Enterprise, one of the largest hypermarket operators on the mainland, said consolidated net profit fell 8.7 per cent year on year to HK ... to be tapped China Resources Enterprise CRE has previously said it believed it could make Tesco profitable on the mainland in three years. Turnover was HK$83.5 billion, up 16.2 per cent year on year. ...

  7. Business - China Business - RETAIL

    Anta earnings jump 28.3pc as turnover, margin rise

    Posted Aug 06th 2014, 03:40pm by TIFFANY AP

    ... on the mainland, grew to 802.8 million yuan (HK$1 billion) on a 22 per cent jump in turnover to 4.12 billion yuan. Gross profit margin rose 4 percentage points to 45.1 per cent. Anta shares shot up 4.87 per cent to close at HK$14.20, in a market that fell 0.26 per cent. The firm declared an interim dividend of 25 HK cents per share. The strong growth was boosted by sales of children's ...

  8. News - Hong Kong - RETAIL

    HK$1,500 fixed penalty proposed for shops that spill into the street

    Posted Mar 15th 2014, 04:11am by SHIRLEY ZHAO

    ... Shirley Zhao shirley.zhao@scmp.com Consultation paper suggests HK$1,500 fine for shopkeepers whose businesses spill into streets Fixed penalty plan to clear pavement clutter Shopkeepers who extend their business onto the pavement or the street could be hit with a HK$1,500 on-the-spot fine, the government suggested in a consultation paper yesterday. The Home Affairs Department ...

  9. News - Hong Kong - RETAIL

    Hong Kong jewellers fear shine taken off 'golden week' this year

    Posted May 02nd 2014, 03:39am by Amy Nip, SHIRLEY ZHAO

    ... of the Causeway Bay shopping centre estimated HK$7,000 in spending per person and a turnover of HK$9 million in the six days to Tuesday. The mall is expected to receive 670,000 shoppers, 16 per cent more ... and Silver Exchange Society fell 15 per cent to HK$12,380 per tael from April 9 to 16. "The sudden price drop in 2013 meant some Chinese consumers brought forward jewellery and gold bar ...

  10. Business - Money - RETAIL

    Esprit shares fall sharply in Hong Kong after broker downgrades

    Posted May 09th 2013, 12:00am by Celine Sun

    ... yesterday after brokers downgraded the stock. The shares fell as much as 7.3 per cent in the morning before closing at HK$10.38, down 4.8 per cent on a day when the Hang Seng Index rose 0.86 per cent. The Europe-focused clothier said in a filing on Monday night that revenue in the three months to March declined 7.9 per cent to HK$6.72 billion. It said it expected to post ...




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