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  • September 20, 2014
  • Last updated: 10:33pm
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Results 1 - 10 of 177 for 15 per cent stamp duty

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  1. Business - China Business - RETAILING

    Duty-free shopping surges in popularity in China

    Posted Jul 28th 2014, 04:26am by Celine Sun

    ... the only operator authorised to run duty-free businesses nationwide, and it generates about 40 per cent of all industry revenues. Smaller player Sunrise Duty Free operates shops in Beijing ... surged 12 per cent last year, outpacing an average 7.5 per cent growth worldwide. Chinese consumers were a major driver behind the growth, the group said. "The boom of duty-free business ...

  2. News - Hong Kong - RETAILING

    Sotheby's opens wine shop in Hong Kong, its second after New York

    Posted Sep 17th 2014, 04:35am by Amy Nip

    ... billion and HK$4.21 billion respectively in the first half this year, increases of 48.5 per cent and 4.7 per cent respectively on the same period last year. The figures mark a reversal of the trend of the past two years. In 2012, the value of wine imports fell by 17.7 per cent year on year, and last year they were down 0.4 per cent. In each year, exports showed a single-digit ...

  3. Business - Companies - RETAILING

    Urban Outfitters opens first Asian store in Hong Kong

    Posted Sep 11th 2014, 02:54pm by TIFFANY AP

    ... stagnates. Shares of the Nasdaq-listed stock fell 10 per cent on Wednesday after the company missed second-quarter estimates and management said same-store sales at its namesake business fell 10 per cent. Management added that same-store sales were “in the low single digits” so far this quarter. The Urban Outfitters concept has struggled for some time after losing its chief executive two ...

  4. Business - China Business - RETAILING

    H&M, Zara defend quality control practices after watchdog criticism

    Posted Aug 29th 2014, 04:17pm by James Griffiths

    ... accounted for more than 25 per cent of clothing quality issues found in the first half of 2014. The quality control watchdog did not specify the exact problems, but China Radio International later ... US$37 million. More than 97 per cent of those cases involved missing or mistranslated Chinese labels. Both Zara and H&M emphasised the stringent testing they have in place to ensure ...

  5. Business - Companies - RETAILING

    Luk Fook to expand in prime shopping districts as rent rises ease

    Posted Aug 27th 2014, 01:27am by BLOOM

    ... locations in Hong Kong were expected to fall as much as 15 per cent from a year ago as retailers stayed cautious, real estate consultancy CBRE said in a report reviewing the second quarter. ... didn't even ask for more rent." Sales at luxury retailers in Hong Kong dropped at least 25 per cent each month in the second quarter as mainland tourists spent less on watches and jewellery. ...

  6. Property - Hong Kong & China - RETAILING

    Hysan Development ready to seize opportunities in luxury market

    Posted Aug 20th 2014, 05:21am by Yvonne Liu

    ... on retail sales. Lau said: "I don't think retail sales will see negative growth this year." Earlier this year, Hysan forecast retail sales would grow 4 to 5 per cent this year. Lau believes many retailers had expanded too aggressively over the past decade, with "business models based on compound growth of 20 to 30 per cent a year". Over-expansion led to what he ...

  7. Business - China Business - RETAILING

    Sportswear firm Li-Ning sees first-half loss soar 218pc

    Posted Aug 14th 2014, 10:07am by TIFFANY AP

    ... The mainland's second-largest sportswear brand, Li-Ning, saw its first-half loss soar 218.5 per cent year on year to 586 million yuan (HK$737.5 million)- versus a loss of 184 million yuan a year ago- ... hard thing to control." Shares of Li-Ning dropped 4.99 per cent yesterday to close at HK$4.76. In contrast, the Hang Seng Index eased 0.36 per cent. The brand founded by Olympic gymnast Li ...

  8. Business - Companies - RETAILING

    Giordano net profit falls as clothing fails to impress

    Posted Aug 15th 2014, 01:09am by TIFFANY AP

    ... Net profit fell 49 per cent to HK$174 million from HK$340 million in the same period last year while global sales dropped 6 per cent to HK$2.7 billion. The management, however, said the sales figure reflected the adverse impact of a weak Thai baht and Indonesian rupiah, and that excluding the currency impact, sales fell by 4 per cent. "It varies from market to market," said ...

  9. Property - Hong Kong & China - RETAILING

    Retail vacancies in Hong Kong soaring, but rents dip only slightly

    Posted Jul 26th 2014, 01:38am by Yvonne Liu

    ... its forecast for rents. "We expect the rent in second-tier streets will drop 15 per cent this year, compared with our old forecast of 10 per cent," Lin said. Since many international ... this month, up 56 per cent from 81 in December. "The vacancy rate in Causeway Bay is the highest since the outbreak of severe acute respiratory syndrome in 2003," said Michele Woo, ...

  10. Business - Economy - RETAILING

    The not-so-Great Singapore Sale: Mainland shoppers say Hong Kong is better value

    Posted Aug 05th 2014, 03:25am by Bloomberg

    ... contributed to a sales slide of as much as 4 per cent in Singapore's annual shopping festival, according to the retailers' association. Visitors from China to Singapore dropped 27 per cent ... declined 1.7 per cent, according to the Singapore Tourism Board. Singapore's retailers, already facing growing regional competition, are under the most pressure since the Asian financial ...




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