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  • July 29, 2014
  • Last updated: 5:33am
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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. 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 ...

  4. 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 ...

  5. 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 ...

  6. 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 ...

  7. 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 ...

  8. 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 ...

  9. 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 ...

  10. 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 ...




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