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  • July 12, 2014
  • Last updated: 11:10am
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  1. Business - Economy - RETAILING

    'Don't cap visitors, build more shops', retailers urge

    Posted Mar 05th 2013, 12:00am by Anita Lam

    ... Anita Lam Anita.lam@scmp.com Hong Kong Retail Management Association urges the government to ignore calls to restrict the numbers of mainland shoppers 'Don't cap visitors, build more shops', retailers urge Retailers have told the government to build more shops rather than restrain the number of mainland visitors, who are continuing to fuel growth ...

  2. Business - Money - RETAILING

    Retailers take a pounding as mainland visitors rein in spending

    Posted Oct 05th 2012, 12:00am by Paggie Leung

    ... Paggie Leung paggie.leung@scmp.com Summer of gloom for luxury retailers, despite the number of mainlanders visiting city rising Shops take a pounding as visitors rein in spending Retailers ... to the slowdown in the mainland economy, causing visitors to spend less. Mak said the eight-day Mid-Autumn Festival and National Day holiday had seen fewer mainland visitors coming to Hong Kong ...

  3. Business - News - RETAILING

    Traditional rush of shoppers from China appears to lag

    Posted Oct 01st 2012, 04:48pm by Helene Franchineau, Sean Kennedy

    ... and not limited to luxury goods. However, mainland visitors on Monday appeared upbeat. Ma Jingquan, from Xinjiang, is on his sixth visit to Hong Kong. “I haven’t noticed any drop in the number of mainland ... Helene Franchineau and Sean Kennedy The wave of deep-pocketed mainland shoppers that normally hits Hong Kong for a holiday shopping spree may be more of a trickle than a flood, ...

  4. Property - Hong Kong & China - RETAILING

    Taubman Asia investing US$600m in new shopping centres

    Posted Jul 09th 2014, 05:02am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Shopping centres in mainland cities Xian and Zhengzhou to benefit from 40 per cent of budget Taubman Asia investing US$600m in new malls Taubman Asia, a subsidiary of US mall operator Taubman Centers, has committed US$600 million to projects in Asia, with 40 per cent of that investment earmarked for mainland ventures. The company has formed ...

  5. Business - Companies - RETAILING

    Daily items top mainland China tourists' Hong Kong shopping list

    Posted Apr 07th 2014, 04:38am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Unlike big spenders, visitors with limited budget go for medicines, milk powder and snacks Daily items top mainland tourists' HK shopping list Medicines ... a frozen food store in Foshan, Guangdong province, travels to Hong Kong two or three times a year. "I spent about HK$20,000 on medicines as we don't trust mainland products," he ...

  6. Business - Economy - RETAILING

    Local character 'key to keeping Hong Kong's allure'

    Posted Apr 12th 2013, 12:00am by Yvonne Liu

    ... we do not take any action, we will gradually lose our attraction to visitors." She said mainlanders increasingly preferred to go shopping in Europe and the United States for the latest ... of a shopping destination, has gradually declined on these streets. "I don't think we will lose mainland visitors suddenly, but it may happen at a faster pace than people expect. If we do ...

  7. Business - Companies - RETAILING

    Chow Tai Fook's net profit soars 32pc to HK$7.44b on gold buying spree

    Posted Jun 18th 2014, 01:19am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Outlook guarded despite 32 per cent jump in profit amid the mainland's anti-graft campaign Chow Tai Fook cautious on growth after gold rush Chow Tai ... about the outlook for this year against the backdrop of the mainland's anti-graft campaign and slowing economy. Chairman Henry Cheng Kar-shun said yesterday he was cautiously optimistic ...

  8. Business - Economy - RETAILING

    Rise in Hong Kong consumer confidence fails to lift retail sales

    Posted May 24th 2014, 01:52am by TIFFANY AP

    ... to be modest growth at best as lower visitor numbers from the mainland and heavy rain weighed on spending. Summer also tends to be a quieter season for retailers because there are no major holidays ... overall SARAH QUINLAN, MASTERCARD Retailers also reported lacklustre holiday sales for this month, owing in part to a decline in mainland shoppers. "March was an improvement over February ...

  9. Property - Hong Kong & China - RETAILING

    Hong Kong property experts call for new tack to lure shoppers

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

    ... Peggy Sito and Sandy Li With competition growing from the region and change in buying behaviour of mainland visitors, the government is urged to increase retail space Property experts call ... growing competition from neighbouring cities and changes in the shopping behaviour of mainland visitors. The government is being urged to increase retail space supply to allow more shopping ...

  10. Business - China Business - RETAILING

    Chinese customers' lack of loyalty puts pressure on brands

    Posted Jun 11th 2014, 01:15am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Lack of loyalty puts pressure on brands Top consumer brands in the mainland market have to constantly recruit new customers because of low customer loyalty, according to a study by research firm Bain & Company. "The more [mainland consumers] buy a category, the more brands they buy. It's the exact opposite of what marketers want to hear. ...




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