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  • August 22, 2014
  • Last updated: 1:21am
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  1. Property - Hong Kong & China - RETAIL

    Demand for Hong Kong retail space set to soar

    Posted Nov 07th 2012, 12:00am by Paggie Leung

    ... to drive demand up for retail property investment, say property agents. "More than 50 per cent of our clients who have been investing in luxury homes tell us they are now interested in retail ... HK$50 million and HK$100 million, though the market is yet to see a significant rise in sales volumes. Last month, the government introduced a buyer's stamp duty to be paid by non-permanent ...

  2. Business - Companies - RETAIL

    Chow Tai Fook eyes 20 per cent growth after 9 per cent drop in sales

    Posted Apr 15th 2014, 12:21am by Keira Lu Huang

    ... e-commerce. The company last year registered 1.3 million online members. Shares in the company fell 1.4 per cent to HK$11.3 yesterday, on a day the Hang Seng Index edged up 0.15 per cent. ... to revive its fortunes, after a 9 per cent drop in same-store sales in the two cities in the first quarter. Chairman Henry Cheng yesterday said the management was optimistic about a growth rate ...

  3. Business - Economy - RETAIL

    Hong Kong year-on-year retail sales show 4.1 per cent drop for May

    Posted Jul 03rd 2014, 11:47pm by TIFFANY AP

    ... for third month Hong Kong's retail sales fell 4.1 per cent year on year in May, the third straight month of shrinking consumer spending exclusing the Lunar New Year month of Feburary, as the impact of poor jewellery sales persisted. Still, the government figures showed the fall in retail sales was less severe than April's 9.8 per cent slump- the sharpest drop in five years. ...

  4. 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$929 ... was formed in October, with Tesco injecting all of its mainland stores into the joint venture and taking a 20 per cent stake. “We believe the immense synergies of the joint venture have yet ...

  5. Business - Companies - RETAIL

    Profit drop hits Xtep stock

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

    ... Tiffany Ap tiffany.ap@scmp.com Shares of mainland sportswear retailer Xtep International dropped over 5 per cent on the announcement that first-half profit fell by 56.7 million yuan ... 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 ...

  6. Business - Companies - RETAIL

    Bonjour sells 19 beauty salons

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

    ... and on the mainland, to Town Health, a Hong Kong-listed healthcare company. Town Health will pay in shares, at an issue price of HK$1.16 a share. Upon completion, Bonjour will hold about 7.33 per cent of Town ...

  7. Business - Economy - RETAIL

    South Korean consumer spending rebounds

    Posted Aug 07th 2014, 04:06pm by Reuters

    ... to pick up strongly, economic growth slowed to its weakest in more than a year in the second quarter. Sales at the country’s top three department store chains rose 4.2 per cent in July from a year earlier, swinging from a 4.6 per cent loss in June and displaying the strongest growth since January, the finance ministry’s report showed. But sales at top discount-store chains fell 4.5 per cent ...

  8. Business - China Business - RETAIL

    Anta earnings jump 28.3pc as turnover, margin rise

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

    ... Tiffany Ap tiffany.ap@scmp.com Anta sees profit rise 28pc in first half Anta Sports, the mainland's largest sportswear company by market share, reported a 28.3 per cent year-on-year ... 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 ...

  9. Business - Companies - RETAIL

    China market to play big role in revival of Juicy Couture

    Posted Jul 11th 2014, 10:26am by TIFFANY AP

    ... its peak. As they were trying to broaden out the assortment, they stumbled." Today, the tracksuit makes up just 17 per cent of the firm's business. As to why mainland consumers ... as its global footwear partner, expecting footwear to grow to 10 per cent of the entire business and evolve into its own free-standing stores. "We want to illustrate the point ...

  10. Business - Companies - RETAIL

    Sun Art shrugs off slowing Chinese economy; earnings leap 75 per cent

    Posted Aug 28th 2012, 09:25am

    ... China’s largest hypermarket chain, Sun Art Retail Group, posted a 75 per cent jump in first-half net profit on Tuesday, helped by effective cost controls and an expanded sales network, ... yuan, up from 34.5 billion yuan in the same period of 2011. Same-store sales growth was 4.3 per cent in the first half. Sun Art had said it expected same-store sales growth of its retail stores ...




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