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  • October 24, 2014
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  1. Business - Economy - RETAIL

    Hong Kong protests put huge dent in Asia luxury goods sales

    Posted Oct 20th 2014, 05:05am by AFP

    ... Agence France-Presse Top brands also hurt by mainland slowdown and anti-corruption drive Protests put dent in Asia luxury goods sales Protests in Hong Kong, an economic slowdown ... Consultants Bain & Company have forecast that the luxury goods market in China will contract for the first time ever this year. The crisis in Hong Kong "will have an impact" ...

    http://www.scmp.com/business/economy/article/1620175/hong-kong-protests-put-huge-dent-asia-luxury-goods-sales
  2. Business - Companies - RETAIL

    Department store chain Yata prospers by appealing to Hong Kong's tastes

    Posted Oct 11th 2014, 04:09am by TIFFANY AP

    ... of its sales from Hong Kong shoppers, said sales in the first week of October rose 24.9 per cent on a year ago, building on the 26.7 per cent annual growth chalked up in the first eight months ... two identities," said Chong. "I'm a retailer. I love to do business but I'm also a Hongkonger, so there is a line. Hong Kong is a very small space and the public services ...

    http://www.scmp.com/business/companies/article/1614052/department-store-chain-yata-prospers-appealing-hong-kongs-tastes
  3. Business - Companies - RETAIL

    Luxury fashion brand Prada to simplify control structure

    Posted Oct 22nd 2014, 09:33am by TIFFANY AP

    ... to the stock exchange in Hong Kong, where its shares are listed. The move is aimed at simplifying the firm’s structure and will not affect the Prada group’s operations, the statement said. Fashion ...

    http://www.scmp.com/business/companies/article/1621943/luxury-fashion-brand-prada-simplify-control-structure
  4. 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

    ... 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, ... sales fell 0.2 per cent compared with the same period last year.  Although the high base from last year's gold buying spree was one reason for the dismal May figure, Hong Kong Retail ...

    http://www.scmp.com/business/economy/article/1546132/hong-kong-year-year-retail-sales-show-41-cent-drop-may
  5. News - Hong Kong - RETAIL

    PR exec resigns from jewellery giant Chow Tai Fook after comments mocking Occupy sex assault

    Posted Oct 05th 2014, 03:59pm by TIFFANY AP

    ... about victims of violence and sexual assault in Hong Kong’s pro-democracy protests. The company reiterated that the social media posts in question, by its deputy head of public relations Joanna ... the Chow Tai Fook brand until she is fired. A commenter on Hong Kong’s Golden Forum joked: “Chow Sang Sang [a rival jewellery company] states: Thank you for taking a year of future business ...

    http://www.scmp.com/news/hong-kong/article/1610022/chow-tai-fook-executive-mocks-occupy-sexual-assault-victims
  6. Business - Companies - RETAIL

    Link Reit sells five properties

    Posted Sep 30th 2014, 11:53am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com The Link Real Estate Investment Trust, Asia’s largest reit, said it has sold five of its properties in Hong Kong for HK$1.72 billion. Last month, the reit announced putting the five properties on a private tender, which closed on Thursday. It was reported to have received 20 bids. The properties sold are the retail portion and parking spaces in Choi ...

    http://www.scmp.com/business/companies/article/1604476/link-reit-sells-five-properties
  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

    ... to spend big in the city. Gold businesses are particularly downbeat, despite an Immigration Department forecast that Hong Kong will welcome 4.89 million visitors from May 1 to 6, a tenth more than ... store in Tsim Sha Tsui, Ren Tao of Shenzhen was queueing with his girlfriend. The third-time visitor to Hong Kong said he was in the city for only one day- but planned to splash out HK$40,000 ...

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

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

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

    ... 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 ... but was a far cry from the 13.9 per cent growth that the same period in 2013 saw over that of 2012. Hong Kong Retail Management Association chairwoman Caroline Mak Sui-king called the results shocking, ...

    http://www.scmp.com/business/companies/article/1502945/labour-day-holiday-unlikely-have-boosted-retail-sales-hong-kong
  9. Property - Hong Kong & China - RETAIL

    China’s online retail market squeezes bricks-and-mortar shops

    Posted Sep 23rd 2014, 10:07am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Web-based retail now accounts for 9pc of the total and is expected to grow at 30pc a year Online market hits bricks-and-mortar shops China's online retail market, which has surpassed that of the US as the world's b ...

    http://www.scmp.com/property/hong-kong-china/article/1598016/chinas-online-retail-market-squeezes-bricks-and-mortar
  10. Property - Hong Kong & China - RETAIL

    Retail rents cut as landlords fight to keep tenants

    Posted Sep 11th 2014, 06:01am by Peggy Sito

    ... Landlords of Hong Kong retail properties have been making substantial concessions in asking rents as sales of luxury products, including fashion, watches and jewellery, continue to cool, according ... double-digit declines, said Kevin Lam, DTZ's head of business space, Hong Kong. Most of the leasing transactions done in recent months either maintained the rental level of the previous contract ...

    http://www.scmp.com/property/hong-kong-china/article/1589635/retail-rents-cut-landlords-fight-keep-tenants

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