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  • July 28, 2014
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Results 1 - 10 of 58 for luxury goods

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  1. Business - Companies - RETAIL

    Luxury brands report slower sales as buyers reach their limit

    Posted Sep 13th 2012, 12:00am by BLOOM

    ... flagging sales growth suggests an end to a three-year rally in the luxury-goods industry as wealthy shoppers cut back on past indulgences. Financiere Richemont, Prada and LVMH Moet Hennessy Louis ... at Berenberg Bank in London. Burberry, Britain's largest luxury-goods company, said September 11 that full-year profit will disappoint investors after same-store revenue stalled in the last 10 ...

  2. Business - Economy - RETAIL

    Chinese shoppers 'biggest spenders on luxury goods'

    Posted Dec 13th 2012, 12:00am by Daniel Ren

    ... global market for luxury goods, consultancy McKinsey said on Tuesday. According to its new report, Chinese consumers now account for about 27 per cent of worldwide luxury consumption, estimated ... or 40 per cent of what the Chinese spend on luxury goods, amounts to about 290 billion yuan in purchases a year. Last year, overseas purchases of luxury goods represented about half of what ...

  3. Property - Hong Kong & China - RETAIL

    Shop landlords feeling the heat of falling luxury goods sales

    Posted Oct 10th 2012, 12:00am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Owners are under pressure to curb stratospheric rents as mainland shoppers lose their appetite for luxury goods Shop landlords feeling the heat Disappointing ... better next year, and sales of luxury goods in Hong Kong will benefit. I think retail rents will rise 5 to 10 per cent next year." ...

  4. Business - Companies - RETAIL

    China market to play big role in revival of Juicy Couture

    Posted Jul 11th 2014, 10:26am by TIFFANY AP

    ... it." For the California-based brand that pioneered the idea of luxurious casual wear, its iconic product is the tracksuit. "If you think of Juicy, that is the core that we will build ...

  5. 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

    ... are reasonable and understand that they may be affecting people's businesses." Retailers got a taste of what Occupy Central might look like with the July 1 march, which saw some luxury stores ...

  6. Business - Companies - RETAIL

    Chinese consumers' taste for luxury brands are evolving

    Posted Jun 29th 2013, 12:00am by BIEN PEREZ

    ... popular internet search engines, Baidu and Google. David Sadigh, the founder and chief executive of Digital Luxury, described the mainland luxury goods market as "rapidly evolving". ... jewellery retailer Chow Tai Fook was ranked 17, United States-based luxury leather goods purveyor Coach at 22 and Italian fashion house Prada 24. Brands that entered the top 50 for the first time ...

  7. News - Hong Kong - RETAIL

    Catering to local consumers, 759Store chain ploughs ahead despite worries over visitor number cuts

    Posted Jun 13th 2014, 04:48am by Amy Nip

    ... and canned food and household goods helping account for the rest. Recent popular products include small rice cookers aimed at couples, with 2,000 sold in three weeks.   ...

  8. 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

    ... during the same period last year. Mainland shoppers' craving for luxury goods has declined, although demand for cosmetics and daily necessities remains high, Travel Industry Council ... on a handbag, cellphone and computer. "Hong Kong is a good place for shopping, especially since the exchange rate between the yuan and the Hong Kong dollar remains good," Ren said. Xu Yanqiu ...

  9. Business - Companies - RETAIL

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

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

    ... weather was not good this week either. That would discourage people from making trips to shop," she said. Jewellery had been a bright spot throughout last year but sales of jewellery, watches ...

  10. News - Hong Kong - RETAIL

    Chaos at expo as elderly shoved to the ground in scramble for HK$1 goods

    Posted Dec 15th 2013, 05:09am by Ada Lee

    ... the scrambling," said one man who successfully navigated the pushing and shouting to get hold of a bag. "It's a good advertisement for them, but it's really dangerous." Another woman, ...




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