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  • July 24, 2014
  • Last updated: 2:42am
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  1. Business - Companies - RETAILING

    Adidas sales on track to surpass €2b thanks to World Cup exposure

    Posted Jul 11th 2014, 01:31am by BLOOM

    ... Bloomberg in Frankfurt German brand benefits from games as soccer sales on track to surpass €2 billion this year Adidas scores thanks to World Cup exposure Argentina's World Cup ... the support for product sales will remain strong JOHN KRISTICK, GROUPM "Sponsoring the final teams is the grand prize for the apparel brand," said John Kristick, global chief executive of ad ...

  2. Business - Companies - RETAILING

    Swatch Group voices concerns over uncertain Hong Kong outlook

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

    ... watch exports in the first half, worth about 2 billion Swiss francs (HK$17.2 billion). Last year, Swatch's sales to Hong Kong, the mainland, Macau and Taiwan totalled 3.2 billion francs, 38 per cent of the group's sales. Swatch, the world's largest watchmaker, has already been grappling with sluggish demand in the mainland market, where a crackdown on gifts for favours ...

  3. Property - Hong Kong & China - RETAILING

    Taubman Asia investing US$600m in new shopping centres

    Posted Jul 09th 2014, 05:02am by Sandy Li

    ... and that the same was true for retail sales. Mainland cities account for more than half of all shopping centre space under construction across the globe, according to a survey released in April ...

  4. Business - Economy - RETAILING

    Rise in Hong Kong consumer confidence fails to lift retail sales

    Posted May 24th 2014, 01:52am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Record-high consumer confidence fails to lift sales Consumer confidence hit a record, pre-recession high in March but the upbeat mood did not translate into sales dollars for retailers. A survey by leading consumer insights firm Nielsen found overall spending intention of Hong Kong respondents increased three percentage points year on year to 53 per ...

  5. 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

    ... this year is 10 per cent, then the compound growth rate is still 20 per cent." Annual revenue grew 34.8 per cent to HK$77.4 billion and same store sales grew by 18.6 per cent. Gross profit ... Siu-kee said April sales dropped 40 per cent year on year. "It dropped in line with our expectations because of the high base effect of the gold buying [last year] but we have confidence ...

  6. Business - Companies - RETAILING

    Nestle wants a bigger bite of luxury chocolate, may consider acquisitions

    Posted Jun 09th 2014, 03:29am by Reuters

    ... Nestle is one of many consumer goods companies trying to tap interest in high-end, natural, artisan, exclusive or organic goods to augment packaged food sales that have been sluggish in Europe ... too." Nestle sold about 7.5 billion Swiss francs (HK$65 billion) of chocolate in 2013, accounting for about 8 per cent of group sales. Its confectionery business is No3 behind Mondelez ...

  7. Business - Companies - RETAILING

    Hong Kong supermarkets concerned by slave claims on Thai fishing fleet

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

    ... 1.67 billion) in profits last year and its Hong Kong product sales include prawn noodles, eggs and frozen chicken. The Guardian said the firm bought seafood from boats manned with slaves. CP ...

  8. Business - China Business - RETAILING

    Chinese customers' lack of loyalty puts pressure on brands

    Posted Jun 11th 2014, 01:15am by TIFFANY AP

    ... with the shoppers at the point of sale. The in-store focus should be on visibility and distinctiveness which entails being present at multiple high-profile locations at the shop such as shelf ends ...

  9. Business - China Business - RETAILING

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

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

    ... for lost sales Austerity drive puts a cork on growth in wine market The sudden slowdown in wine sales to the mainland is forcing merchants to refine their sales strategies, attendees at last ... in relation to a transaction. Last month, the company announced a search warrant had been issued on its Hong Kong office. Yeung declined to comment on the investigation. Sales of expensive ...

  10. Business - Companies - RETAILING

    Luxury brands must embrace digital strategies, industry summit told

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

    ... people go to social media for their information," Au said. According to McKinsey, mainland online retailing produced more than US$190 billion in sales in 2012 and that was barely scratching ... show in Shanghai or Paris shows the consumer each of the products, shortening the time between exposure and sales. ...




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