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  • April 25, 2014
  • Last updated: 7:11am
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Results 1 - 10 of 58 for offshore yuan trading

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  1. Business - Companies - RETAILING

    Tesco profit declines for second year as UK sales worsen

    Posted Apr 17th 2014, 01:09am by BLOOM

    ... in domestic sales and said it wrote down the value of assets in Europe amid deteriorating profitability. So-called group trading profit fell 6 per cent to £3.32 billion (HK$43 billion) in the year ... struggles to convince investors he can revive the British business, which accounts for three-quarters of sales, and seeks to unravel unprofitable international ventures. [The] trading environment ...

  2. Business - China Business - RETAILING

    Shanghai outlet centre to promote affordable Italian luxury

    Posted Feb 27th 2014, 10:21am by Daniel Ren

    ... mainstream consumers" whose annual income exceeds 106,000 yuan (HK$134,000), McKinsey predicts that their numbers will jump to 400 million by 2020 as they become the "standard setters for the nation's consumption". An annual income of more than 106,000 yuan is the level above which family cars and luxury items become affordable, according to McKinsey. Zonfa also plans to establish ...

  3. Business - China Business - RETAILING

    Growth in mainland Chinese interest in premium Swiss watches surges

    Posted Mar 27th 2014, 10:26am by BIEN PEREZ

    ... industry trade show in Geneva on Thursday, showed mainland China had the highest year-on-year growth in demand for all luxury watch categories last year, at 59.4 per cent, more than 10 times ...

  4. Business - Companies - RETAILING

    Chow Tai Fook's golden touch is lost on investors

    Posted Mar 22nd 2014, 01:30am by Jasper Moiseiwitsch

    ... Jasper Moiseiwitsch jasper.moiseiwitsch@scmp.com Rated a top consumer stock pick by CLSA, Chow Tai Fook nonetheless continues to lag the general market as it fails to sell its story to investors Getting back in touch Chow Tai Fook Jewellery has an investor relations problem. The stock has only traded once above its IPO price since listing in December 2011, and trading volumes ...

  5. Business - China Business - RETAILING

    Sun Art aims to boost market share by opening more stores

    Posted Mar 04th 2014, 05:09am by TIFFANY AP

    ... 7.14 per cent to HK$9.45 yesterday on the news that its profit for the year to December 31 grew 15.2 per cent to 2.78 billion yuan (HK$3.52 billion). "We want to increase our market share. ... for largest market share, each holding 14 per cent, according to Euromonitor. Turnover for the year was up 10.7 per cent to 86.2 billion yuan while gross profit margin increased 0.9 percentage points. ...

  6. Business - Companies - RETAILING

    Wharf's Chengdu mall set to open

    Posted Dec 17th 2013, 03:22am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com HK developer hopes to see 500 million yuan per year in rents from shopping centre, part of a 16 billion yuan commercial project Wharf's Chengdu mall set ... Yuk-fong said the company's mainland flagship retail centre, part of its Chengdu International Finance Square, expected an annual rental income of 500 million yuan (HK$635 million). ...

  7. Business - China Business - RETAILING

    More local rivals slow down Yum sales in China

    Posted Jan 15th 2014, 01:38am by BLOOM

    ... at KFC. Yum shares rose 0.2 per cent in early trade in New York yesterday. The shares gained 14 per cent last year while the S&P 500 Restaurants Index advanced 23 per cent. In China, Pizza Hut ...

  8. Business - Companies - RETAILING

    L'Oreal brand and Revlon call time in China

    Posted Jan 13th 2014, 01:02am by Tiffany Ap and Celine Sun

    ... cosmetic industry's impressive top lines numbers. Industry turnover totalled 24 billion yuan (HK$30 billion) in 2010 and, despite some sluggishness over the past year, is projected to double ...

  9. Business - China Business - RETAILING

    Beijing's anti-corruption drive hits China's luxury market

    Posted Dec 18th 2013, 06:13am by Daniel Ren

    ... & Co, the luxury market on the mainland stands at 116 billion yuan (HK$147 million) this year, up just 2 per cent from a year ago. The party's efforts to curb wastage of public money ... consumption by Chinese, including those from Hong Kong and Macau, hit 350 billion yuan this year, or 29 per cent of the world's total, Bain said. Chinese shoppers unseated Americans ...

  10. Business - Companies - RETAILING

    Walmart keeps on expansion path in China

    Posted Dec 19th 2013, 01:38am by Benjamin Robertson

    ... operators are fragmented, leading to delays and cost overruns. Total logistics costs on the mainland topped 9.4 trillion yuan (HK$12 trillion) last year, equivalent to 18 per cent of gross domestic ...




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