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  • September 20, 2014
  • Last updated: 4:44am
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  1. Business - Companies - RETAIL

    Golden Eagle profit down 23.2pc

    Posted Aug 26th 2014, 10:48am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Mainland department store operator Golden Eagle Retail’s first-half net profit fell 23.2 per cent to 483.8 million yuan (HK$609.5 million). Same store sales ... operator Intime reported a 2.4 per cent fall in same store sales growth in the first half while Parkson Retail reported an 8 per cent drop in same store sales in the first quarter. Despite ...

  2. Business - Companies - RETAIL

    Profit drop hits Xtep stock

    Posted Aug 21st 2014, 04:10pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Shares of mainland sportswear retailer Xtep International dropped over 5 per cent on the announcement that first-half profit fell by 56.7 million yuan (HK$71.4 million) to 284.2 million yuan, mainly due to increased spending in advertising and promotions. The company put in 267.1 million yuan into advertising and promotional expenses, up 77.8 ...

  3. Business - Companies - RETAIL

    China Resources expects drop in profitability after acquisition of Tesco stores

    Posted Aug 21st 2014, 01:40pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com China Resources Enterprise, one of the largest hypermarket operators on the mainland, said consolidated net profit fell 8.7 per cent year on year to HK$929 billion in the first half of the year and it expects to see a “significant drop” in profitability this year as it turns around its acquisition of Tesco’s mainland stores. The partnership ...

  4. Business - China Business - RETAIL

    Anta earnings jump 28.3pc as turnover, margin rise

    Posted Aug 06th 2014, 03:40pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Anta sees profit rise 28pc in first half Anta Sports, the mainland's largest sportswear company by market share, reported a 28.3 per cent year-on-year surge in first-half net profit, the first mainland sportswear brand to post a stable recovery in the struggling sector. Earnings for the mass-market brand, which also distributes Fila products ...

  5. 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

    ... cent," she said. "The high base effect is a factor but jewellery sales had already turned soft in the second half of 2012. "The transaction value grew smaller but because the volume ...

  6. Business - Companies - RETAIL

    Esprit prepares investors for second-half loss

    Posted Dec 19th 2012, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Casual wear brand shows no sign of turnaround despite an HK$18b overhaul of its operations Esprit warns of second-half loss on poor results Embattled global casual wear retailer Esprit warned investors it might record a loss for the six months to December 31, owing mainly to worse-than-expected results since October. The company, which has lost ...

  7. Business - Companies - RETAIL

    Ikea group sees consumer recovery worldwide, posts record profit

    Posted Jan 28th 2014, 04:44pm by Reuters in Stockholm

    ... fashion and food. While Ikea sells online in half its 26 markets, it has been relatively slow to embrace the internet. But the Swedish group is now aiming for online availability in all its ...

  8. News - Hong Kong - RETAIL

    Small shops at risk due to the Link's deals with big chains, says watchdog

    Posted Dec 20th 2013, 04:29am by Amy Nip

    ... of the Link's mall space occupied by chains- including retail and catering- has risen from half to 70 per cent over the past five years," she said. Small shops face 20 per cent rent rises when ...

  9. News - World - RETAIL

    Amazon unveils futuristic ‘octocopter’ drone delivery plan

    Posted Dec 02nd 2013, 12:26pm by Agence France-Presse in Washington

    ... this looks like science fiction. It’s not,” Bezos told CBS television’s 60 Minutes programme. I know this looks like science fiction. It’s not Amazon CEO Jeff Bezos “We can do half-hour delivery... ...

  10. Business - China Business - RETAIL

    Yi Hua starts IPO as it selectively expands stores

    Posted Nov 26th 2013, 03:02am by TIFFANY AP

    ... years has been profitable. Nearly half, or 27 outlets, of Parkson's 57 stores are loss-making. Last year, Yi Hua reported 43.6 million yuan in net profit. Between 2009 and last year, ...




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