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  • September 19, 2014
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  1. Property - Hong Kong & China - RETAIL

    Retail rents cut as landlords fight to keep tenants

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

    ... to occupy the same spot with the same rent," Lam said. "This way, a bigger correction in rentals will be inevitable, even if the tourist volume is still growing." The mainland's anti-corruption campaign and the changing spending patterns of mainland tourists have dampened demand for luxury goods in Hong Kong, with property consultant Savills saying some affected retailers were ...

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

    Golden Eagle profit down 23.2pc

    Posted Aug 26th 2014, 10:48am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Mainland department store operator Golden Eagle Retail’s first-half net profit fell 23.2 per cent to 483.8 million yuan (HK$609.5 million). Same store sales ... operates 26 department stores on the mainland, mainly in Jiangsu province and surrounding areas. Department stores have been hard hit by the shift to online shopping. Fellow department store ...

    http://www.scmp.com/business/companies/article/1580749/golden-eagle-profit-down-232pc
  3. Business - Companies - RETAIL

    China Resources expects drop in profitability after acquisition of Tesco stores

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

    ... Tiffany Ap tiffany.ap@scmp.com China Resources Enterprise, one of the largest hypermarket operators on the mainland, said consolidated net profit fell 8.7 per cent year on year to HK$929 billion in the first half of the year and it expects to see a “significant drop” in profitability this year as it turns around its acquisition of Tesco’s mainland stores. The partnership ...

    http://www.scmp.com/business/companies/article/1578394/china-resources-expects-drop-profitability-after-acquisition
  4. Business - Companies - RETAIL

    Profit drop hits Xtep stock

    Posted Aug 21st 2014, 04:10pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Shares of mainland sportswear retailer Xtep International dropped over 5 per cent on the announcement that first-half profit fell by 56.7 million yuan (HK$71.4 million) to 284.2 million yuan, mainly due to increased spending in advertising and promotions. The company put in 267.1 million yuan into advertising and promotional expenses, up 77.8 ...

    http://www.scmp.com/business/companies/article/1578493/profit-drop-hits-xtep-stock
  5. Business - Companies - RETAIL

    Bonjour sells 19 beauty salons

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

    ... and on the mainland, to Town Health, a Hong Kong-listed healthcare company. Town Health will pay in shares, at an issue price of HK$1.16 a share. Upon completion, Bonjour will hold about 7.33 per cent of Town ...

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

    Anta earnings jump 28.3pc as turnover, margin rise

    Posted Aug 06th 2014, 03:40pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Anta sees profit rise 28pc in first half Anta Sports, the mainland's largest sportswear company by market share, reported a 28.3 per cent year-on-year surge in first-half net profit, the first mainland sportswear brand to post a stable recovery in the struggling sector. Earnings for the mass-market brand, which also distributes Fila products ...

    http://www.scmp.com/business/china-business/article/1567635/anta-earnings-jump-283pc-turnover-margin-rise
  7. Business - Companies - RETAIL

    China market to play big role in revival of Juicy Couture

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

    ... Tiffany Ap tiffany.ap@scmp.com US leisurewear company looks to mainland China and elsewhere to resurrect brand as it closes US stores and ramps up expansion overseas Juicy Couture eyes ... rocketing sales growth in mainland China and other foreign markets could provide the firm with a lifeline for its legacy leisurewear. "It was always our plan to not so much revamp the brand ...

    http://www.scmp.com/business/companies/article/1551765/china-market-play-big-role-revival-juicy-couture
  8. 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

    ... will affect Hong Kong consumers' spending enthusiasm and also mainland shoppers' enthusiasm for Hong Kong". ...

    http://www.scmp.com/business/economy/article/1546132/hong-kong-year-year-retail-sales-show-41-cent-drop-may
  9. 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

    ... at curbing mainland tourist numbers. Coils Lam Wai-chun, the boss of the fast-growing chain, which made a name selling snacks and other processed food at bargain prices, is also upbeat about his new ... was dismissive of Chief Executive Leung Chun-ying's remarks last week that the government was "listening to views" about whether it should slow down the influx of mainland visitors, which ...

    http://www.scmp.com/news/hong-kong/article/1531003/has-759-boss-got-market-figured
  10. Business - Companies - RETAIL

    Mainland importers jump on milk train

    Posted Nov 05th 2012, 12:00am by Celine Sun

    ... Celine Sun in Beijing celine.sun@scmp.com Prices of foreign-made baby formula in China are highest in the world because mothers will pay for what they believe is a better product Mainland ... another batch of imported baby food is added to supermarket shelves around the nation, all packaged for mainland mothers with labels saying they are "tailor-made for Chinese babies". ...

    http://www.scmp.com/business/companies/article/1075056/mainland-importers-jump-milk-train

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