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  • April 19, 2014
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  1. 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

    ... as mainland tourists continue to flock to Hong Kong," Cheng said. But in a recent report, Jefferies said it expects the company's same-store sales to fall 3 per cent this year even ... significantly." He also announced the company planned to add 2,000 new stores in the next 10 years. Managing director Kent Wong said 60 per cent of the new stores would be set up in the relatively ...

    http://www.scmp.com/business/companies/article/1482494/chow-tai-fook-eyes-20-cent-growth-after-9-cent-drop-sales
  2. 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

    ... at restaurants, wet market stalls that spill outside and construction companies that extend their business onto the pavement as the main targets for the proposal. But he raised the possibility that, ...

    http://www.scmp.com/news/hong-kong/article/1448875/hk1500-fixed-penalty-proposed-shops-spill-street
  3. Business - Companies - RETAIL

    Fast Retailing CEO upbeat despite Asia tensions

    Posted Mar 05th 2014, 04:36pm by TIFFANY AP

    ... the parent company of casual wear chain Uniqlo, says slowing economic growth in mainland China and strained Sino-Japanese relations will not hold back its ambition to become the world's largest ... of the company's secondary listing, aimed at raising its profile in the region. Fast Retailing's first day of trading on the Hong Kong Stock Exchange saw its shares soar as much as 31.5 per cent from ...

    http://www.scmp.com/business/companies/article/1440986/fast-retailing-ceo-upbeat-despite-asia-tensions
  4. Business - Companies - RETAIL

    Ikea group sees consumer recovery worldwide, posts record profit

    Posted Jan 28th 2014, 04:44pm by Reuters in Stockholm

    ... the effects of the downturn, was showing some positive signs, but sales fell in Spain and Italy, the company said. Figures published in October showed that while sales at Ikea rose 3.1 per cent to 27.9 billion euros in the last year financial year, sales in comparable stores grew by 1.8 per cent. The company said it planned to invest 2.5 billion euros this fiscal year in stores, ...

    http://www.scmp.com/business/companies/article/1415772/ikea-group-sees-consumer-recovery-worldwide-posts-record-profit
  5. News - Hong Kong - RETAIL

    Grocery giants ParknShop, Wellcome accused of pressuring suppliers

    Posted Dec 20th 2013, 04:29am by Amy Nip

    ... last year aimed at distortion by companies with "substantial market power" comes into full effect. ...

    http://www.scmp.com/news/hong-kong/article/1386263/grocery-giants-parknshop-wellcome-accused-pressuring-suppliers
  6. News - Hong Kong - RETAIL

    Brands and Products Expo begins, with millions expected to visit

    Posted Dec 14th 2013, 05:29am by SHIRLEY ZHAO

    ... and bird's nest priced at just HK$1 will be among the special deals on offer when the 48th Brands and Products Expo kicks off in Victoria Park this morning. Some 400 companies are taking part ... to their schedules. "We're not only focusing on mainland tourists," said Ng. "We tend to the needs of people from across the world." About 20 companies are offering bargain deals ...

    http://www.scmp.com/news/hong-kong/article/1379984/brands-and-products-expo-begins-millions-expected-visit
  7. News - Hong Kong - RETAIL

    Security guards and fencing installed to prevent second day of chaos at HK$1 expo

    Posted Dec 15th 2013, 03:08pm by SHIRLEY ZHAO

    ... Chinese medicine retailer Nam Pei Hong installed metal fences around its stall and guards on its entrance and exit. Sales manager Johnny Chui Ka-kuen said the company doubled staff numbers to 12 ... Pharmaceutical company Wai Yuen Tong increased the number of its staff to 20 to prevent people from being knocked over. When early visitors rushed to the stall, staff kept shouting: "Please ...

    http://www.scmp.com/news/hong-kong/article/1381192/security-guards-and-fencing-installed-prevent-second-day-chaos-hk1
  8. News - Hong Kong - RETAIL

    Chaos at expo as elderly shoved to the ground in scramble for HK$1 goods

    Posted Dec 15th 2013, 05:09am by Ada Lee

    ... buy whatever I like." The 48th annual expo- which features some 400 companies operating about 900 stalls on a 28,000 square metre site- runs until January 6. Organised by the Chinese ...

    http://www.scmp.com/news/hong-kong/article/1380801/chaos-expo-elderly-shoved-ground-scramble-hk1-goods
  9. News - World - RETAIL

    Amazon unveils futuristic ‘octocopter’ drone delivery plan

    Posted Dec 02nd 2013, 12:26pm by Agence France-Presse in Washington

    ... Agence France-Presse in Washington Amazon CEO Jeff Bezos revealed on Sunday that his company is looking to the future with plans to use “octocopter” mini-drones to fly small packages ... and running within four to five years. Watch: Amazon's futuristic mini-drone delivery system A demo video posted on the company’s website showed the tiny robotic devices picking up packages ...

    http://www.scmp.com/news/world/article/1370894/amazon-unveils-futuristic-octocopter-drone-delivery-plan
  10. Property - Hong Kong & China - RETAIL

    Kwai Chung industrial building to be converted into a 10-storey mall

    Posted Dec 04th 2013, 05:34am by Yvonne Liu

    ... industrial building into a shopping mall. Fiona Chung Sau-lin, general manager of the leasing department at SHKP, said the company will begin work on converting the Luen Tai Industrial Building ...

    http://www.scmp.com/property/hong-kong-china/article/1371997/kwai-chung-industrial-building-be-converted-10-storey-mall

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