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  • April 20, 2014
  • Last updated: 9:09am
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  1. Business - Companies - RETAILING

    Shake-up in money transfer business looms with Wal-Mart's new service

    Posted Apr 19th 2014, 01:09am by AP

    ... Associated Press in New York Money transfer shake-up looms with Wal-Mart entry Wal-Mart is delving deeper into financial services at its stores and shaking up the money transfer business. The world's largest retailer introduced a new money transfer service that it says will cut fees for low-income customers by up to 50 per cent compared with similar services elsewhere. ...

  2. Property - Hong Kong & China - RETAILING

    Hungry shoppers miss out as malls cut food courts for higher rents

    Posted Apr 07th 2014, 04:39am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Shopping centre operators are scaling down or eliminating stalls serving fast meals to maximise income from retailers which can paymore Food courts lose out as malls raise rents Hungry shoppers may face longer waits in future if they want to fill up at shopping centre food courts, assuming they can find one. The popular food courts, which offer fast ...

  3. Business - China Business - RETAILING

    Shanghai outlet centre to promote affordable Italian luxury

    Posted Feb 27th 2014, 10:21am by Daniel Ren

    ... to be well-founded. Global management consultancy McKinsey estimates that a new class of consumer is emerging on the mainland in tandem with increasing disposable income. Describing them as "new mainstream consumers" whose annual income exceeds 106,000 yuan (HK$134,000), McKinsey predicts that their numbers will jump to 400 million by 2020 as they become the "standard setters ...

  4. Business - Companies - RETAILING

    Hong Kong secondary listing is first stop in Fast Retailing's growth plan

    Posted Jan 28th 2014, 01:35am by TIFFANY AP

    ... on year to 389 billion yen (HK$29.5 billion) while income was up 8.8 per cent to 41.8 billion yen. However, a depreciating yen has helped boost the company's financials. Shares of Fast ...

  5. Business - Economy - RETAILING

    Christmas crowds out Lunar New Year shopping, says MasterCard

    Posted Jan 23rd 2014, 01:19am by TIFFANY AP

    ... IOUs under the tree. Little Timmy didn't get his whatever [present]. The same thing will happen here. It's not just income but it's just too fast- there's not enough ...

  6. Business - Companies - RETAILING

    Prada to open 80 more stores worldwide in next 12 months

    Posted Jan 14th 2014, 01:58pm by Denise Tsang

    ... sales. The group's net income was 7.9 per cent higher at €440.9 million in the nine-month period. "If we did not open stores many years ago in China, today we would not have got ...

  7. Business - Economy - RETAILING

    Asian-Americans outspend other US households, Nielsen study shows

    Posted Dec 04th 2013, 01:41pm by TIFFANY AP

    ... cent when it came to drugs, even if a comparable generic was available. Asian-Americans' willingness to spend can be linked to their higher disposable incomes. They have a higher median net worth (US$89,300) than the average US household (US$68,800). The income of Asian-American households soared 97 per cent from 2000 to this year. Not only are their incomes growing ...

  8. Business - Companies - RETAILING

    Wharf's Chengdu mall set to open

    Posted Dec 17th 2013, 03:22am by Peggy Sito

    ... Yuk-fong said the company's mainland flagship retail centre, part of its Chengdu International Finance Square, expected an annual rental income of 500 million yuan (HK$635 million). ...

  9. Business - Economy - RETAILING

    Americans set to throw out old durable goods and buy new ones

    Posted Dec 05th 2013, 06:00am by BLOOM

    ... in consumer confidence, incomes and employment from recessionary lows, make "people sense it's worth putting money back into that house" with purchases such as appliances, he said. Cars ...

  10. Business - Companies - RETAILING

    Shopping with an artistic twist

    Posted Dec 17th 2013, 11:46am by Yvonne Liu

    ... from previous levels, while office rents recorded 30 per cent growth. Our rental income has risen 30 per cent," he said, adding that foot traffic had doubled to one million shoppers ...




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