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  • July 12, 2014
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  1. Yata sales lure mainland shoppers

    Posted Nov 25th 2011, 12:00am

    ... Denise Tsang denise.tsang@scmp.com The strengthening yuan continues to make Hong Kong a shoppers' haven for rich mainlanders. But it is not all good news for the retailers, who have ... said he spent HK$588 for a set of German-made pots and pans. That was at a discount of 87 per cent and was 'too cheap to resist'. Chong estimated each mainland shopper would spend ...

  2. SHKP expects 20pc rental rise at apm

    Posted Jun 07th 2012, 12:00am

    ... mall- where mainland shoppers accounted for 20 per cent of total sales- would be HK$60 million, up 10 per cent from a year ago. Of the total HK$60 million, 35 per cent would be directed at luring mainland shoppers to the mall, she said. Average spending among mainlanders was HK$5,000 to HK$20,000, up 20 per cent from a year ago, Fung said. She expects the upcoming Father's Day ...

  3. Holiday chill warms retailers' pockets

    Posted Dec 28th 2011, 12:00am

    ... Amy Nip amy.nip@scmp.com Cold weather and HK$6,000 cash handouts from the government are helping retailers sing a happy tune this year as the numbers of shoppers, and their spending, have risen sharply during the holiday season. Local shoppers are buying generously with the extra handout cash in their pocket, while mainland tourists are flocking to the city to experience ...

  4. Shopping centres expect bonus-rich shoppers to boost sales

    Posted Feb 06th 2008, 12:00am by Sandy Li

    ... shoppers to its flagship mall, MegaBox, in Kowloon Bay. It will be MegaBox's first Lunar New Year since it opened in June last year. Last month, Hang Seng Bank announced a performance-tracking ... for the festival. Ms Leng predicts the number of shoppers will reach 185,000 today. With robust sales, rental rates were likely to rise 10 to 20 per cent when leases were due for renewal this year, she ...

  5. Promotions pull in shoppers

    Posted Aug 08th 2007, 12:00am by Yvonne Liu

    ... Yvonne Liu Hong Kong landlords are introducing big-spending promotions to entice shoppers through their shopping centres as they compete for business for their retail tenants this summer. 'We have to provide new events to attract shoppers,' said Maureen Fung Sau-yim, the general manager of Sun Hung Kai Real Estate Agency. Sun Hung Kai would spend HK$7 million to hold ...

  6. Ad spending reaches record high

    Posted Mar 28th 2012, 12:00am

    ... brands popular with mainland shoppers. Media-monitoring firm admanGo yesterday reported combined advertising expenditure in January and last month rose 12 per cent to HK$5.5 billion from last ... a record high. 'Mainland travellers are well known for being willing and able to spend on luxury products, which has influenced how retailers spend on advertising,' admanGo sales ...

  7. Market Calls

    Posted Jul 11th 2011, 12:00am

    ... to bring its luxury goods tax in line with Hong Kong's could slash the number of mainland visitors to the city. That has implications for Wharf, which owns the Times Square and Harbour City malls, both highly popular destinations for mainland shoppers. Callum Bramah (Macquarie) has an outperform call on the stock. He cites the fact that Wharf has targeted mainland property contract ...

  8. SHKP shrugs off cooling measures to raise sales forecast to HK$32b

    Posted Dec 09th 2011, 12:00am

    ... ground-floor retail spaces, however, are expected to rise 5 per cent to 10 per cent, owing to the influx of mainland shoppers. 'Next year will be a challenging one, as there are concerns about ... HK$5.2 billion would come from the mainland, Chow said. When the company announced its annual results for the 2009-10 financial year in September last year, it said its sales goal was HK$28 ...

  9. Shopping centres eye double-digit sales rise

    Posted Jan 27th 2010, 12:00am by Celine Sun, Paggie Leung

    ... billion last year, with average turnover per square metre rising to a record HK$2,384 in December. Lee said mainland shoppers contributed significantly to those figures, with HK$5.3 billion ... Celine Sun and Paggie Leung Shopping centre operators in the city are forecasting double-digit sales growth over the Lunar New Year to be fuelled by mainland tourists continuing ...

  10. Business - China Business - PROPERTY

    Longfor Properties banks on lower profit margins in 2013

    Posted Aug 18th 2012, 12:00am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com The mainland developer voices confidence in better times ahead, with expectations that higher sales and investment properties will lift returns in future Longfor banks on lower profit margins in 2013 Mainland developer Longfor Properties is confident about its business outlook even though it expects a drop in gross profit margin next year. ...




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