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  • July 25, 2014
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  1. 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

    ... was dismissive of Chief Executive Leung Chun-ying's remarks last week that the government was "listening to views" about whether it should slow down the influx of mainland visitors, which ... at curbing mainland tourist numbers. Coils Lam Wai-chun, the boss of the fast-growing chain, which made a name selling snacks and other processed food at bargain prices, is also upbeat about his new ...

    http://www.scmp.com/news/hong-kong/article/1531003/has-759-boss-got-market-figured
  2. 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 ...

    http://www.scmp.com/news/hong-kong/article/1068163/rising-yuan-boosts-mainland-visitorss-spending-power
  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 ...

    http://www.scmp.com/property/hong-kong-china/article/1248300/mainland-chineses-declining-spending-hits-rents-hong-kongs
  4. Business - Companies - RETAIL

    China market to play big role in revival of Juicy Couture

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

    ... Tiffany Ap tiffany.ap@scmp.com US leisurewear company looks to mainland China and elsewhere to resurrect brand as it closes US stores and ramps up expansion overseas Juicy Couture eyes ... 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 ...

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

    http://www.scmp.com/property/hong-kong-china/article/1226923/hong-kong-retail-rent-growth-seen-5pc-year-says-consultancy
  6. 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

    ... will affect Hong Kong consumers' spending enthusiasm and also mainland shoppers' enthusiasm for Hong Kong". ...

    http://www.scmp.com/business/economy/article/1546132/hong-kong-year-year-retail-sales-show-41-cent-drop-may
  7. Business - Companies - RETAIL

    Labour Day holiday unlikely to have boosted retail sales in Hong Kong

    Posted May 03rd 2014, 04:00am by TIFFANY AP

    ... blaming a combination of bad weather, a drop in the number of overnight mainland tourists and the latest flare-ups between locals and mainland visitors. The popular [Hong Kong] tourist districts didn't see that many shoppers Caroline Mak, Hong Kong Retail Management Association "First, the weather. It was quite rainy. That is a challenge. Second, mainland visitor numbers are high ...

    http://www.scmp.com/business/companies/article/1502945/labour-day-holiday-unlikely-have-boosted-retail-sales-hong-kong
  8. 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 ...

    http://www.scmp.com/property/hong-kong-china/article/1057110/shop-landlords-feeling-heat-falling-luxury-goods-sales
  9. 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

    ... Amy Nip and Shirley Zhao Gold businesses particularly downbeat but some retailers still banking on mainlanders' bucks Jewellers fear shine taken off 'golden week' this year Jewellers are expecting lacklustre sales during the May Day break as the "gold rush" of last year is no more, while other retailers remain optimistic that mainland visitors will continue ...

    http://www.scmp.com/news/hong-kong/article/1501943/hong-kong-jewellers-fear-shine-taken-golden-week-year
  10. 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

    ... 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. The situation ... 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 ...

    http://www.scmp.com/news/hong-kong/article/1134668/mainland-shoppers-head-daily-items

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