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  • July 23, 2014
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  1. 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

    ... Tiffany Ap tiffany.ap@scmp.com Year-on-year consumer spending dropped by 4.1pc in May amid ongoing effects of poor jewellery sales and discounting by retailers City's shop sales drop for third month Hong Kong's retail sales fell 4.1 per cent year on year in May, the third straight month of shrinking consumer spending exclusing the Lunar New Year month of Feburary, ...

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

    China market to play big role in revival of Juicy Couture

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

    ... 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 ... regions, with double-digit percentage sales growth. On Tuesday, Juicy Couture signed a deal with its regional distributor ImagineX extending the partnership for a decade, with an option to continue ...

    http://www.scmp.com/business/companies/article/1551765/china-market-play-big-role-revival-juicy-couture
  3. 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

    ... that I want to explore." Snacks, mostly from Japan, accounted for 60 per cent of his main brand's sales in its early days, but now make up only about 44 per cent of the business, with frozen ...

    http://www.scmp.com/news/hong-kong/article/1531003/has-759-boss-got-market-figured
  4. Business - Companies - RETAIL

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

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

    ... Tiffany Ap tiffany.ap@scmp.com Bad weather and anti-mainlander sentiment blamed for expected poor holiday retail sales Little hope for Labour Day sales boost The long Labour Day weekend holiday is unlikely to boost retail sales figures in Hong Kong, which fell 1.3 per cent in March, the second consecutive month of contraction. Total city-wide retail sales were valued at HK$39.6 ...

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

    Chow Tai Fook eyes 20 per cent growth after 9 per cent drop in sales

    Posted Apr 15th 2014, 12:21am by Keira Lu Huang

    ... Keira Lu Huang Keira.huang@scmp.com Chow Tai Fook targets 20pc growth after drop Hong Kong-based jewellery giant Chow Tai Fook is banking on better sales performance in Hong Kong and Macau to revive its fortunes, after a 9 per cent drop in same-store sales in the two cities in the first quarter. Chairman Henry Cheng yesterday said the management was optimistic about a growth rate ...

    http://www.scmp.com/business/companies/article/1482494/chow-tai-fook-eyes-20-cent-growth-after-9-cent-drop-sales
  6. News - Hong Kong - RETAIL

    Anger as small businesses struggle in shadow of rail link

    Posted May 10th 2014, 02:59am by NG KANG-CHUNG

    ... Ng Kang-chung kc.ng@scmp.com Owners ask for compensation as MTR blamed for flooding and poor sales Anger as shops struggle in shadow of rail link To Kwa Wan shops whose sales have been ... the construction started." He said sales had gone down 70 per cent since the hoardings went up on the pavements. "It is like operating inside a tunnel. It is noisy and dusty. Who would like ...

    http://www.scmp.com/news/hong-kong/article/1508597/anger-small-businesses-struggle-shadow-rail-link
  7. 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

    ... 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 ... executive William Wong Wai-sheung was worried that sales turnover would be halved. "It's hard to compare this year's [sales performance] with that of last year," Wong said. ...

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

    Ikea group sees consumer recovery worldwide, posts record profit

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

    ... sales of home furnishings will grow by almost 10 per cent a year to US$24 billion by 2015 from US$20 billion 2013. Ikea’s more than 300 stores in 26 countries attracted about 680 million ... particularly in Europe, where Ikea generates nearly 70 per cent of its sales, as the global economic downturn and austerity measures, mostly in euro zone countries, hurt consumer sentiment and spending ...

    http://www.scmp.com/business/companies/article/1415772/ikea-group-sees-consumer-recovery-worldwide-posts-record-profit
  9. Business - Companies - RETAIL

    Prada bullish despite consumer slowdown fears

    Posted Apr 06th 2013, 12:00am by PAUL SOH

    ... Paul Soh paul.soh@scmp.com Luxury goods retailer reports 45pc increase in net income for 2012, and remains confident about sales amid plans to expand into new markets Prada bullish despite ... consolidated net revenues compared to 77.9 per cent in 2011. Prada's directly operated stores sales generated revenues of €2.66 billion, a 35.6 per cent increase from 2011 owing to increased ...

    http://www.scmp.com/business/companies/article/1208088/prada-bullish-despite-consumer-slowdown-fears
  10. Property - International - RETAIL

    Carlyle Group sells prime office tower in Manhattan for US$1.3 billion

    Posted Jun 05th 2013, 12:00am by BLOOM

    ... Carlyle's sale of office block in prime Manhattan district sets a record on a square-foot basis Carlyle Group's US$1.3 billion deal to sell 650 Madison Avenue will set a record ... district because of its proximity to the landmark Plaza Hotel, two blocks west of 650 Madison. It commands some of the priciest office rents in America, and is home to notable retail stores ...

    http://www.scmp.com/property/international/article/1253404/carlyle-group-sells-prime-office-tower-manhattan-us13-billion

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