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  • August 31, 2014
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  1. Business - Companies - RETAILING

    Shake-up in money transfer business looms with Wal-Mart's new service

    Posted Apr 19th 2014, 01:09am by AP

    ... Associated Press in New York Money transfer shake-up looms with Wal-Mart entry Wal-Mart is delving deeper into financial services at its stores and shaking up the money transfer business. The world's largest retailer introduced a new money transfer service that it says will cut fees for low-income customers by up to 50 per cent compared with similar services elsewhere. ...

    http://www.scmp.com/business/companies/article/1487618/shake-money-transfer-business-looms-wal-marts-new-service
  2. Business - China Business - RETAILING

    New e-commerce service takes challenge to rival Alibaba

    Posted Jul 28th 2014, 04:27am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com New e-commerce service takes challenge to Alibaba Shanghai Media Group and Singapore-based YuuZoo are due to launch this week a new social media ... and services linked to the network's television shows. "That means we can make more money from advertisers and e-commerce, which is an industry being driven nowadays by recommendations ...

    http://www.scmp.com/business/china-business/article/1560743/new-e-commerce-service-takes-challenge-rival-alibaba
  3. Business - Companies - RETAILING

    Luk Fook to expand in prime shopping districts as rent rises ease

    Posted Aug 27th 2014, 01:27am by BLOOM

    ... of shops Luk Fook operated in Hong Kong would be unchanged from a year ago as it shuttered stores elsewhere, he said. The company had 44 shops in the city at the end of June. Financial Secretary ...

    http://www.scmp.com/business/companies/article/1580963/luk-fook-expand-prime-shopping-districts-rent-rises-ease
  4. Business - Companies - RETAILING

    Swiss coffee machine maker is Starbucks' 'secret weapon'

    Posted Aug 07th 2014, 05:29am by BLOOM

    ... Beijing and Shanghai. Starbucks said last month that it planned to add 800 new stores in China and Asia-Pacific in the 2015 financial year. Thermoplan's foray into the world of coffee can ... successfully brew 100 cups of coffee. A trained technician from one of Thermoplan's service partners is on site within four hours to fix a problem wherever a machine breaks down. Modular ...

    http://www.scmp.com/business/companies/article/1567886/swiss-coffee-machine-maker-starbucks-secret-weapon
  5. Business - China Business - RETAILING

    Sportswear firm Li-Ning sees first-half loss soar 218pc

    Posted Aug 14th 2014, 10:07am by TIFFANY AP

    ... it will turn out financially is not something that we are ready to discuss as a specific timeline." Revenue was 3.13 billion yuan, up 8 per cent year on year. Although the company achieved its ...

    http://www.scmp.com/business/china-business/article/1573346/transformation-plan-extends-li-nings-losses
  6. Business - Companies - RETAILING

    Giordano net profit falls as clothing fails to impress

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

    ... a slight upturn in demand in some of our markets," chief financial officer Dominic Irwin said. Founded in 1981 by media mogul Jimmy Lai Chee-ying, Giordano operates more than 2,500 stores ...

    http://www.scmp.com/business/companies/article/1573836/giordano-net-profit-falls-clothing-fails-impress
  7. 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

    ... declined 1.7 per cent, according to the Singapore Tourism Board. Singapore's retailers, already facing growing regional competition, are under the most pressure since the Asian financial ... said. Singapore imposes a 7 per cent goods and services tax. While tourists can claim back part of that on departure, "there is still a differential of 2 to 3 per cent", said Kapur, ...

    http://www.scmp.com/business/economy/article/1566514/mainland-chinese-shoppers-give-singapore-sales-thumbs-down
  8. Business - China Business - RETAILING

    Duty-free shopping surges in popularity in China

    Posted Jul 28th 2014, 04:26am by Celine Sun

    ... Running the five billion yuan (HK$6.29 billion) commercial complex is China Duty Free Group (CDFG), a subsidiary of China International Travel Service Corp. The state-owned company is so far ... "Mainstream luxury consumers seldom drop by domestic duty-free shops as they care more about shopping environment and services and would purchase luxury goods mostly during overseas trips," Zhou ...

    http://www.scmp.com/business/china-business/article/1560734/duty-free-shopping-surges-popularity-china
  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

    ... Tsui fell just 0.7 per cent. "Shop owners in second-tier shopping streets began to cut their asking rents in recent months," said Joe Lin, a senior director of retail services ...

    http://www.scmp.com/property/hong-kong-china/article/1559389/retail-vacancies-hong-kong-soaring-rents-dip-only-slightly
  10. Business - Companies - RETAILING

    Robinsons Retail eyes family-owned chains to compete with rival

    Posted Jun 03rd 2014, 01:30am by BLOOM

    ... to spend 26 billion pesos (HK$4.6 billion) up to 2016 on expansion, said chief financial officer Dong Zapata. Robinsons Retail has made at least four acquisitions since November, when its shares ... customer service," she said. Robinsons Retail has gained 9.5 per cent since November, compared with the 4.6 per cent gain in the benchmark Philippine Stock Exchange index. John Gokongwei has ...

    http://www.scmp.com/business/companies/article/1524112/robinsons-retail-eyes-family-owned-chains-compete-rival

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