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  • August 31, 2014
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  1. 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 surge in first-half net profit, the first mainland sportswear brand to post a stable recovery in the struggling sector. Earnings for the mass-market brand, which also distributes Fila products ...

    http://www.scmp.com/business/china-business/article/1567635/anta-earnings-jump-283pc-turnover-margin-rise
  2. Business - Companies - RETAIL

    Bonjour sells 19 beauty salons

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

    ... responsiveness to market changes,” Bonjour said in the announcement. “It is the group’s intention to consolidate and focus on developing the retail and wholesale brand-name beauty and healthcare products ...

    http://www.scmp.com/business/companies/article/1578351/bonjour-sells-19-beauty-salons
  3. Business - Companies - RETAIL

    China Resources expects drop in profitability after acquisition of Tesco stores

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

    ... At 1.30pm, shares of CRE had fallen 1.46 per cent to HK$23.60. An interim dividend of 11 HK cents per share was recommended. Daiwa Capital Markets Hong Kong analyst Anson Chan said: “The loss ...

    http://www.scmp.com/business/companies/article/1578394/china-resources-expects-drop-profitability-after-acquisition
  4. Business - Companies - RETAIL

    China market to play big role in revival of Juicy Couture

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

    ... rocketing sales growth in mainland China and other foreign markets could provide the firm with a lifeline for its legacy leisurewear. "It was always our plan to not so much revamp the brand as the company," Woodhouse said. "The brand itself is very, very strong and is very well received globally and particularly in Asia." The company says the Asian market has outpaced all other ...

    http://www.scmp.com/business/companies/article/1551765/china-market-play-big-role-revival-juicy-couture
  5. 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

    ... was there, it wasn't that obvious. If you look at 2013, it wasn't actually that great." Sarah Quinlan, head of market insights for Mastercard, which runs its own spending index, said ... enough to bring it up to a positive. People were discounting to get the traffic," she said. She said the impact of the jewellery downturn was being felt across the market as the sector made ...

    http://www.scmp.com/business/economy/article/1546132/hong-kong-year-year-retail-sales-show-41-cent-drop-may
  6. News - Hong Kong - RETAIL

    'New law no contest for supermarkets' power'

    Posted Jun 13th 2014, 04:48am by Amy Nip

    ... retail chain, saying his prices were too low. Under the new law, which bans price-fixing between traders and abuse of market power by dominant players, Lam could demand an investigation to see ... the market. Distributors recommend a retail price for all retailers, but the legality of this arrangement under the competition law remains unclear. Even if the system of recommended retail prices ...

    http://www.scmp.com/news/hong-kong/article/1531053/new-law-no-contest-supermarkets-power
  7. News - Hong Kong - RETAIL

    Catering to local consumers, 759Store chain ploughs ahead despite worries over visitor number cuts

    Posted Jun 13th 2014, 04:48am by Amy Nip

    ... market figured? The 759Store will power ahead with a plan to open 13 more shops selling cosmetics and personal care products this year, despite speculation that the government is looking ... to targeting local consumers instead of tourists. "I'm not trying to be Sasa, selling costly perfumes," he said. "It is the market of Mannings and Watsons [pharmacy chains] ...

    http://www.scmp.com/news/hong-kong/article/1531003/has-759-boss-got-market-figured
  8. 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

    ... "It was the gold rush last year. Now the market has stabilised." The outlook was brighter at Wtc More, which launched cosmetics-themed promotions to cash in on the break. The management ... In a report last month, the World Gold Council said 2014 was likely to be a year of consolidation for China's gold market. Last year, the opening price of 99 tael gold at the Chinese Gold ...

    http://www.scmp.com/news/hong-kong/article/1501943/hong-kong-jewellers-fear-shine-taken-golden-week-year
  9. News - Hong Kong - RETAIL

    Gold traders concerned competition law could force small firms to close

    Posted Apr 28th 2014, 06:05am by Amy Nip

    ... Amy Nip amy.nip@scmp.com Gold traders worry law could hurt small firms Gold retailers fear small companies will be forced out of business if the competition law bans the current system in which two trade associations set a daily price across the industry. They argue that shoppers will be confused by price differences from store to store and that big companies with financial ...

    http://www.scmp.com/news/hong-kong/article/1498667/gold-traders-concerned-competition-law-could-force-small-firms-close
  10. Business - Companies - RETAIL

    Ikea group sees consumer recovery worldwide, posts record profit

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

    ... top furniture maker, said on Tuesday it saw signs consumer spending was starting to recover in many of its markets as it posted record full-year profits. Retailers have been struggling ... 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

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