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  • October 31, 2014
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  1. Business - Companies - RETAIL

    Department store chain Yata prospers by appealing to Hong Kong's tastes

    Posted Oct 11th 2014, 04:09am by TIFFANY AP

    ... mainland tourists? Not department store chain Yata, the Japan-themed retail unit of Sun Hung Kai Properties, says chief executive Daniel Chong Wai-chung. Yata, which generates about 82 per cent ... of the year. Opening a store in Kwun Tong, Chong said the performance showed the power of local consumers and that the industry does not have to pander to mainland tourists to drive sales. "I have ...

    http://www.scmp.com/business/companies/article/1614052/department-store-chain-yata-prospers-appealing-hong-kongs-tastes
  2. Business - Economy - RETAIL

    Hong Kong protests put huge dent in Asia luxury goods sales

    Posted Oct 20th 2014, 05:05am by AFP

    ... dragged lower by weaker demand for Remy Martin cognac on the mainland. Luxury goods sectors in other countries in the region have also taken a hit from mainland tourists staying away for a variety ... Agence France-Presse Top brands also hurt by mainland slowdown and anti-corruption drive Protests put dent in Asia luxury goods sales Protests in Hong Kong, an economic slowdown ...

    http://www.scmp.com/business/economy/article/1620175/hong-kong-protests-put-huge-dent-asia-luxury-goods-sales
  3. News - Hong Kong - RETAIL

    PR exec resigns from jewellery giant Chow Tai Fook after comments mocking Occupy sex assault

    Posted Oct 05th 2014, 03:59pm by TIFFANY AP

    ... golden week holiday is usually one of the busiest shopping periods of the year. Many retailers count on mainland tourists who have a week off to come to the city for shopping. A senior economist ...

    http://www.scmp.com/news/hong-kong/article/1610022/chow-tai-fook-executive-mocks-occupy-sexual-assault-victims
  4. Business - RETAIL

    Department stores find ways to thrive despite online competition

    Posted Oct 16th 2014, 01:05pm by Reuters

    ... stores and celebrating their national identity to attract tourists and win back local trade from more rootless global brands. Many have focused on high-end fashion, accessories and beauty, while ... of the Galeries Lafayette chain with a spectacular stained-glass dome are must-sees for Chinese visitors. Tourists account for more than half of sales at some stores in Paris and Harrods in London, ...

    http://www.scmp.com/business/article/1617561/department-stores-find-ways-thrive-despite-online-competition
  5. 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
  6. Property - Hong Kong & China - RETAIL

    China’s online retail market squeezes bricks-and-mortar shops

    Posted Sep 23rd 2014, 10:07am by Peggy Sito

    ... of internet users. Internet users over 30 will account for 54 per cent of total web users on the mainland by 2018, from 33 per cent in 2008, according to investment bank Jefferies. These users have ...

    http://www.scmp.com/property/hong-kong-china/article/1598016/chinas-online-retail-market-squeezes-bricks-and-mortar
  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

    ... 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 ... Amy Nip amy.nip@scmp.com With emphasis on locals not tourists, empire is growing fast, with new health and beauty retail chain and udon and wonton noodle restaurants Has 759 boss got ...

    http://www.scmp.com/news/hong-kong/article/1531003/has-759-boss-got-market-figured
  8. News - Hong Kong - RETAIL

    Shenzhen shoppers in Hong Kong buy food and daily items over clothes

    Posted Jan 24th 2013, 12:00am by Amy Nip

    ... Amy Nip amy.nip@scmp.com Food and other necessities of life are at the top of the shopping list, followed by cosmetics and clothes, a survey by a Shenzhen group shows Mainland shoppers head for daily items Shenzhen tourists are increasingly seeking daily necessities and food when they shop in Hong Kong, according to a survey carried out in the city across the border. ...

    http://www.scmp.com/news/hong-kong/article/1134668/mainland-shoppers-head-daily-items
  9. 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
  10. 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

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