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  • August 20, 2014
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  1. Business - Companies - RETAILING

    Giordano net profit falls as clothing fails to impress

    Posted Aug 15th 2014, 01:09am by TIFFANY AP

    ... Net profit fell 49 per cent to HK$174 million from HK$340 million in the same period last year while global sales dropped 6 per cent to HK$2.7 billion. The management, however, said the sales ... The group opened 11 Beau Monde stores in the second quarter, mostly in southern China. The management said it would fine-tune the brand and hopes to reach 100 shops by 2015. It is also is testing ...

    http://www.scmp.com/business/companies/article/1573836/giordano-net-profit-falls-clothing-fails-impress
  2. Business - China Business - RETAILING

    Anta first to break away from loss-making Chinese sportswear pack

    Posted Aug 08th 2014, 03:27pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Despite Anta's return to profitability, a full recovery at competing brands may prove elusive Sportswear firms' face uncertain times on mainland Investors cheered this week as Anta, the mainland's largest sportswear brand, reported profit growth- the first company to emerge from the Chinese sportswear sector's recent slump- despite ...

    http://www.scmp.com/business/china-business/article/1569186/anta-first-break-away-loss-making-chinese-sportswear-pack
  3. Business - Companies - RETAILING

    Hong Kong supermarkets concerned by slave claims on Thai fishing fleet

    Posted Jun 13th 2014, 05:57am by Benjamin Robertson

    ... violence between rival political factions, said analysts. "For Western companies, we have found that they continue to be cautious but are finding it hard to ignore the lure of these emerging markets," said Bill Sims, a managing director at risk advisory group FTI Consulting. "I see no short-term reaction on the part of Japanese investors," and Thailand was well regarded ...

    http://www.scmp.com/business/companies/article/1531157/hong-kong-supermarkets-concerned-slave-claims-thai-fishing-fleet
  4. Business - Companies - RETAILING

    Prada shares sold off on earnings slide for first quarter

    Posted Jun 07th 2014, 01:13am by TIFFANY AP

    ... said. "That's the real risk for Prada as they continue to roll stores out. The macro environment in China and other emerging markets isn't great so you have a real risk of margins ... continued opening stores even in the face of slipping productivity," Pinge said. In the first quarter, the group opened 11 stores. The management said its guidance of 80 new retail store ...

    http://www.scmp.com/business/companies/article/1527015/prada-shares-sold-earnings-slide-first-quarter
  5. Business - China Business - RETAILING

    Slump in China’s wine market forces shake-out, rethink

    Posted Jun 03rd 2014, 10:41am by Benjamin Robertson

    ... 90 per cent of the market, according to data from IWSR. The emergence of wine shops in fourth-tier cities and mainland Chinese studying at French and Australian viticulture academies ... Xavier de Eizaguirre said. A former managing director of winemaker Baron Philippe de Rothschild, de Eizaguirre sees a relative decline in Chinese nouveau riche buying status wines and a growth ...

    http://www.scmp.com/business/china-business/article/1524345/slump-chinas-wine-market-forces-shake-out-rethink
  6. Business - Companies - RETAILING

    Chow Tai Fook's net profit soars 32pc to HK$7.44b on gold buying spree

    Posted Jun 18th 2014, 01:19am by TIFFANY AP

    ... margin fell 1.1 points to 27.3 per cent owing to a shift in customers buying more affordable jewellery. The company proposed a final dividend of 19 HK cents per share. Managing director Kent Wong ...

    http://www.scmp.com/business/companies/article/1535214/chow-tai-fooks-net-profit-soars-32pc-hk744b-gold-buying-spree
  7. Business - Companies - RETAILING

    Luxury brands must embrace digital strategies, industry summit told

    Posted Jun 05th 2014, 05:34am by TIFFANY AP

    ... an online outlook risk losing out altogether on converting the new digital generation into big-spending customers. "You can't avoid it," David Au, managing director for Fung Retail ... better that you be involved and engage with the consumer and manage that conversation." Simon Tye, a luxury analyst for research firm Ipsos said: "Whether we like it or not, our ...

    http://www.scmp.com/business/companies/article/1525564/luxury-brands-must-embrace-digital-strategies-industry-summit
  8. Business - Companies - RETAILING

    New product lines seeing double-digit growth, says Li Ning CEO

    Posted May 31st 2014, 12:59am by TIFFANY AP

    ... chief executive, management said. Shares in the company yesterday jumped 5.41 per cent, ending at HK$5.46, while the Hang Seng Index rose 0.31 per cent. ...

    http://www.scmp.com/business/companies/article/1522218/new-product-lines-seeing-double-digit-growth-says-li-ning-ceo
  9. Property - Hong Kong & China - RETAILING

    Korean retailers ride wave of K-pop and TV dramas into Hong Kong

    Posted May 20th 2014, 02:47pm by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Growth of shops selling Korean wares in the city is testament to the country's popularity S Korea rides cultural wave into HK stores Long queues outside Korean fried chicken restaurants and the emergence of more outlets for skincare and cosmetics brands from South Korea are testament to the inroads the country's firms are making into Hong ...

    http://www.scmp.com/property/hong-kong-china/article/1516104/korean-retailers-ride-wave-k-pop-and-tv-dramas-hong-kong
  10. Business - Companies - RETAILING

    Rich pay, rich clients, but luxury retail jobs go begging

    Posted May 09th 2014, 11:10am by TIFFANY AP

    ... projections of the number of tourists in the next few years, "this is just going to get worse", Aloy said. Hays recruitment consultant Eddie Chui, who specialises in hiring managers ... career", resulting in a high attrition rate. At the store manager level, recruitment proves even tougher, despite incomes as high as HK$70,000 a month. Luxury brands are looking for a certain ...

    http://www.scmp.com/business/companies/article/1508134/rich-pay-rich-clients-luxury-retail-jobs-go-begging

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