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  • April 21, 2014
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  1. News - Hong Kong - RETAIL

    Rising yuan boosts mainland visitors's spending power

    Posted Oct 24th 2012, 12:00am by Amy Nip, Johnny Tam

    ... in Causeway Bay said it had yet to see more mainland visitors. "There are as many of them as always," a Fortress salesman said. In Sheung Shui, where parallel trading is a nuisance ... Johnny Tam and Amy Nip Bargain-hunting mainlanders expected to take advantage of exchange rate during visits to city Rising yuan the cue to go shopping Internet users across the border ...

  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

    ... 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 as it expects its revenue to grow 5 per cent. Cheng expressed disappointment at the recent protests against mainland tourists. "The wider economy always impacts us heavily," he said. ...

  3. Property - Hong Kong & China - RETAIL

    Mainland Chinese's declining spending hits rents for Hong Kong's street-level shops

    Posted May 29th 2013, 12:00am by Sandy Li

    ... hits shop rents Rents for street-front shops in prime locations are plunging as tenants and landlords adjust to a fall in mainland visitors that has triggered a slowdown in the growth of retail ... and Beijing's campaign to curb extravagant spending by officials cut into spending by mainland visitors. "For the past several years, the aggressive opening of new jewellery and luxury watch stores ...

  4. Property - Hong Kong & China - RETAIL

    Hong Kong retail rent growth seen at 5pc this year, says consultancy

    Posted May 01st 2013, 12:00am by Peggy Sito

    ... quarter, and prompted an increasing number of them to expand and open new outlets on fringe streets with lower rents. Jones Lang LaSalle says more and more visitors are opting for a "day trip" visit to new and emerging shopping districts, including Sheung Shui, Yuen Long, Tuen Mun and Sha Tin. According to Jones Lang LaSalle's data, the number of day-trip mainland tourists, ...

  5. Business - Economy - RETAIL

    Shopping centres see brisk business during Lunar New Year break

    Posted Feb 06th 2014, 04:24am by Yvonne Liu

    ... driven by mainland shoppers and strong demand from local residents. Footfall at Times Square in Causeway Bay rose 15 per cent during the holiday while consumption per capita grew 20 per cent. Grace Leung, the general manager of Times Square, yesterday said: "We have had more mainland and local shoppers visiting our mall after the completion of the refurbishment works ...

  6. Property - Hong Kong & China - RETAIL

    Shop landlords feeling the heat of falling luxury goods sales

    Posted Oct 10th 2012, 12:00am by Yvonne Liu

    ... of jewellery, watches and expensive gifts - which are the most popular items on the shopping lists of mainland visitors - fell 3.4 per cent in value in August compared with a year ago. The decline was the sharpest among all retail items, and also the first time this sector recorded a fall since July 2009. "Spending by mainland visitors is lower due to the weak mainland economy and also a change ...

  7. News - Hong Kong - RETAIL

    Shenzhen shoppers in Hong Kong buy food and daily items over clothes

    Posted Jan 24th 2013, 12:00am by Amy Nip

    ... of the traders, who buy goods for resale at higher prices in Shenzhen. In the beginning of 2011, the city was hit with an acute shortage of milk formula as mainland visitors snapped up the diary products. ... Amy Nip amy.nip@scmp.com Food and other necessities of life are at the top of the shopping list, followed by cosmetics and clothes, a survey by a Shenzhen group shows Mainland shoppers ...

  8. Business - Companies - RETAIL

    Fast Retailing CEO upbeat despite Asia tensions

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

    ... Tiffany Ap tiffany.ap@scmp.com Uniqlo owner's ambitions undimmed by slowing mainland economy and Sino-Japanese disputes Fast upbeat despite Asia tensions Japan's Fast Retailing, 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 ...

  9. Lifestyle - Interiors & Living - RETAIL

    Top brands buy into a shopping experience

    Posted Feb 26th 2014, 05:24am by Kavita Daswani

    ... visitors at a time. The reason? The permanent installation, which opened last June, has two chambers. Punters step in to be bathed in light that morphs from pinks and blues to orange over ...

  10. News - Hong Kong - RETAIL

    Brands and Products Expo begins, with millions expected to visit

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

    ... Shirley Zhao shirley.zhao@scmp.com Stallholders at 24-day fair hoping for influx of big-spending mainlanders to offset rent rise Discount delicacies for expo visitors Abalone ... in the annual expo, operating about 900 stalls on a 28,000 square metre site. The 24-day expo, organised by the Chinese Manufacturers' Association, typically attracts more than two million visitors ...




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