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  • September 3, 2014
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  1. 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

    ... Bloomberg in Singapore Mainland Chinese shoppers discover how a strong dollar, labour costs and a sales tax in the city state mean it's cheaper to go to Hong Kong Retailers billed it as the Great Singapore Sale. Chinese tourist Zhu Liang bought into it, only to regret it afterwards. "We will never come here again to shop on purpose," said Zhu, a 35-year-old businessman ...

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

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

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

    ... The company planned to expand in prime locations such as Causeway Bay and Tsim Sha Tsui, where it expected growth in jewellery sales, while closing shops elsewhere, he said. "Usually when we ... didn't even ask for more rent." Sales at luxury retailers in Hong Kong dropped at least 25 per cent each month in the second quarter as mainland tourists spent less on watches and jewellery. ...

    http://www.scmp.com/business/companies/article/1580963/luk-fook-expand-prime-shopping-districts-rent-rises-ease
  3. Property - Hong Kong & China - RETAILING

    Hysan Development ready to seize opportunities in luxury market

    Posted Aug 20th 2014, 05:21am by Yvonne Liu

    ... Development, the largest landlord in Causeway Bay, believes it can seize the opportunities from the consolidation of store networks undertaken by luxury brands as a slowdown in retail sales gathers pace. Deputy chairman Lau Siu-chuen, who raised eyebrows two years ago with his forecast of slowing sales in a sector propelled to double-digit growth rates by mainland tourists, said Hysan ...

    http://www.scmp.com/property/hong-kong-china/article/1577043/hysan-development-ready-seize-opportunities-luxury-market
  4. Business - Companies - RETAILING

    Giordano net profit falls as clothing fails to impress

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

    ... Tiffany Ap tiffany.ap@scmp.com Casual clothing company sees signs of recovery after modifying range amid declines in attributable income and sales in the first half Giordano net profit ... 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 ...

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

    Swiss coffee machine maker is Starbucks' 'secret weapon'

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

    ... market outside the United States, have given Steiner cause for optimism. While Switzerland is home to big listed companies such as Nestle and UBS, 99 per cent of its businesses are SMEs, ... operator. Today, the Seattle-based giant accounts for a third of Thermoplan's sales. Other clients include Nestle, Google and Costa Coffee. Before a machine heads out the door, it must ...

    http://www.scmp.com/business/companies/article/1567886/swiss-coffee-machine-maker-starbucks-secret-weapon
  6. 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 ...

    http://www.scmp.com/business/companies/article/1551434/adidas-sales-track-surpass-eu2b-thanks-world-cup-exposure
  7. Business - China Business - RETAILING

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

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

    ... in the same price range as global sports titans Nike and Adidas. Li-Ning interim chief executive Kim Jin-goon said the new product lines were enjoying strong sales but a performance product has high ...

    http://www.scmp.com/business/china-business/article/1569186/anta-first-break-away-loss-making-chinese-sportswear-pack
  8. 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 ...

    http://www.scmp.com/business/companies/article/1557380/swatch-group-voices-concerns-over-uncertain-hong-kong-outlook
  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

    ... in first-tier streets remains low. "But it is only a beginning," Wu said. "Unless there is a new policy to stimulate retail sales, the situation will become even worse after Lunar New ... of falling retail sales. Census and Statistics Department data shows retail sales dropped 4.1 per cent year on year in May, the third consecutive month in which they fell. Luxury watch and jewellery ...

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

    Duty-free shopping surges in popularity in China

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

    ... shops booming on the mainland While luxury sales growth on the mainland is slowing down, business at domestic duty-free shops is entering a golden age. In September, the world's largest ... the island. The cap was later raised to 8,000 yuan. The shop has proved to be a big success as the number of visitors jumped from 2.59 million in 2011 to 3.42 million in 2013. Accumulated sales ...

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

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