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  • November 27, 2014
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  1. Business - Companies - RETAILING

    Swatch Group voices concerns over uncertain Hong Kong outlook

    Posted Jul 23rd 2014, 01:33am by Reuters

    ... Reuters in Zurich Swatch voices concern over Hong Kong outlook Swatch Group yesterday warned of an uncertain outlook for its major market Hong Kong after reporting an 11.5 per cent fall ... of uncertainty because of this … conflict. Fewer people visit Hong Kong and our stores there. But the main problem is with wholesale. Retailers are worried and buy fewer watches. This uncertainty ...

  2. Property - Hong Kong & China - RETAILING

    Malls adopt cartoon characters to create a festive shopping mood

    Posted Nov 19th 2014, 04:36am by Peggy Sito

    ... Christmas season, shopping centres in Hong Kong turn into wonderlands, with twinkling lights, towering festive trees and non-stop seasonal music. But instead of Santa, retail centres' themed ... as the market sentiment might be challenging due to the recent pro-democracy protests, which could carry on into one of the busiest retail periods next month. Demonstrators are occupying shopping areas ...

  3. Property - Hong Kong & China - RETAILING

    Warehouse rents in Hong Kong keep pace with shop lease costs

    Posted Oct 29th 2014, 04:37am by TIFFANY AP

    ... period," said Marcos Chan, head of research for CBRE Hong Kong, Macau and Taiwan. The surge is the product of tight supply of warehousing space. A vacancy rate of 4 per cent in warehousing is effectively full capacity, CBRE said, but Hong Kong's rate has been below 1 per cent since June. In the last 10 years, retail sales have ballooned 186 per cent thanks to robust demand from ...

  4. Property - Hong Kong & China - RETAILING

    Hard-hit small retailers in Causeway Bay seek short-term rent cuts

    Posted Oct 28th 2014, 05:25pm by Sandy Li

    ... rents for their often tiny shops, complain they have had fewer customers as a result of road closures over the past month from the pro-democracy protests. "We have been suffering low sales ...

  5. Property - Hong Kong & China - RETAILING

    Italian brands in plea for rent cuts as protests hit sales

    Posted Nov 10th 2014, 03:38am by PEGGY SITO AND SANDY LI

    ... International, said sales at retailers of luxury brands had been declining since the beginning of the year due to Beijing's anti-extravagance rules, which had curbed luxury consumption in Hong Kong ... De Rosa, adding that if the protests go past the holidays, he expects brands to cut their budgets and marketing expenses for next year. There is also a hidden impact. "Hong Kong ...

  6. 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

    ... Amy Nip amy.nip@scmp.com Sotheby's wine shop is for drinkers and investors Auctioneer Sotheby's has moved into the retail wine business in Hong Kong, hoping to tap into the sophisticated Asian market. The walk-in wine shop- which opened yesterday in Sotheby's Hong Kong Gallery in One Pacific Place, Admiralty- is only its second in the world. It opened the first at its ...

  7. Business - Companies - RETAILING

    Urban Outfitters opens first Asian store in Hong Kong

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

    ... Tiffany Ap tiffany.ap@scmp.com American high-street chain Urban Outfitters is opening its first Asian store in Hong Kong at the end of the month in a wider push to the region as sales in its United States operations falter. The new store would open on September 30, joining sister brand Free People at Lab Concept at Queensway Plaza, the company said in a press release. Founded ...

  8. 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

    ... Bloomberg in Singapore Mainland Chinese shoppers discover how a strong dollar, labour costs and a sales tax in the city state mean it's cheaper to go to Hong Kong Retailers billed ... from Hangzhou. Visiting the city during the final days of the summer sale season in July, he bought a Loewe handbag for his wife, only to discover he could have paid less in Hong Kong. Behind ...

  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

    ... Vacancy rates for retail outlets, at their highest in three years in four shopping districts, will head higher still by early next year, but not enough to bring down rents by more than a modest amount, analysts say. ...

  10. Business - Companies - RETAILING

    759 Store chief to launch 'traditional take on e-commerce'

    Posted Sep 16th 2014, 03:23am by TIFFANY AP

    ... shops, make-up, toys and wonton noodle shops, admitted that there were considerable challenges to doing online retailing in Hong Kong, including high labour costs, traffic concerns and training ... are going to be relatively high in Hong Kong". "That's always been a struggle with making groceries work online anywhere," he said. "The ideal products for e-commerce ...




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