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  • September 21, 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

    ... 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
  2. 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
  3. 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
  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

    ... 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
  5. Business - Companies - RETAIL

    Bonjour sells 19 beauty salons

    Posted Aug 21st 2014, 11:58am by Enoch Yiu

    ... announced by Bonjour on Wednesday night, expected to result in an unaudited accounting gain of about HK$420 million for the Hong Kong-listed cosmetic retailer. Under the agreement, Bonjour will sell its subsidiary Bonjour Beauty International, which holds eight firms operating 19 beauty and health salons under the About Beauty, Dr Protalk and Top Comfort brands in Hong Kong, Macau ...

    http://www.scmp.com/business/companies/article/1578351/bonjour-sells-19-beauty-salons
  6. Business - Companies - RETAIL

    China Resources expects drop in profitability after acquisition of Tesco stores

    Posted Aug 21st 2014, 01:40pm by TIFFANY AP

    ... At 1.30pm, shares of CRE had fallen 1.46 per cent to HK$23.60. An interim dividend of 11 HK cents per share was recommended. Daiwa Capital Markets Hong Kong analyst Anson Chan said: “The loss ...

    http://www.scmp.com/business/companies/article/1578394/china-resources-expects-drop-profitability-after-acquisition
  7. Property - Hong Kong & China - RETAIL

    Big fashion brands still looking to Hong Kong

    Posted Oct 09th 2013, 12:00am by Yvonne Liu

    ... still looking to HK Big international fashion retailers remain keen to open for business in Hong Kong even though shop rents are among the highest in the world. Tommy Bahama, a United States-based causal wear brand, opened its first store in Hong Kong in January. Its store has a useable area of about 4,000 square feet and is located on the ground floor of the J Senses Building ...

    http://www.scmp.com/property/hong-kong-china/article/1327255/big-fashion-brands-still-looking-hong-kong
  8. Property - Hong Kong & China - RETAIL

    Royal Selangor Pewter not deterred by high Hong Kong rent levels

    Posted Oct 02nd 2013, 12:00am by Peggy Sito

    ... mettle for hot Hong Kong market Hong Kong's shop rents are high, but international retailers are willing to pay a premium to secure a foothold in the market, according to Chen Tien Yue, the executive director of Malaysian-based pewter manufacturer and retailer Royal Selangor International, which has set up shop in Central. "We know Hong Kong rents are not low," Chen said, ...

    http://www.scmp.com/property/hong-kong-china/article/1322258/royal-selangor-pewter-not-deterred-high-hong-kong-rent
  9. News - Hong Kong - RETAIL

    Chow Kee, a famous paper craft shop in Hong Kong, closes down

    Posted Sep 01st 2013, 12:00am by ANNEMAIRE EVANS

    ... of another rent rise ending the career of a man who insisted that his detailed items be kept traditional and handmade. Chow Kee provided paper lanterns and other items in Hong Kong for more than 70 ...

    http://www.scmp.com/news/hong-kong/article/1300985/chow-kee-famous-paper-craft-shop-hong-kong-closes-down
  10. Property - Hong Kong & China - RETAIL

    Demand for gold jewellery drives sales surge at APM Mall in Hong Kong

    Posted Jul 03rd 2013, 12:00am by Sandy Li

    ... for the event and Fung hoped to attract 13 million visits. Meanwhile, Kerry Properties' MegaBox in Kowloon Bay will join forces with Hong Kong Disney Consumer Products to present the "Winnie ...

    http://www.scmp.com/property/hong-kong-china/article/1274023/demand-gold-jewellery-drives-sales-surge-apm-mall-hong-kong

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