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  • April 20, 2014
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  1. News - Hong Kong - RETAIL

    HK$1,500 fixed penalty proposed for shops that spill into the street

    Posted Mar 15th 2014, 04:11am by SHIRLEY ZHAO

    ... at restaurants, wet market stalls that spill outside and construction companies that extend their business onto the pavement as the main targets for the proposal. But he raised the possibility that, ... Young said local communities or district councils might be able to identify areas where the rules were relaxed, and cited Mong Kok's flower market as an area where the government would ...

  2. Business - Companies - RETAIL

    Fast Retailing CEO upbeat despite Asia tensions

    Posted Mar 05th 2014, 04:36pm by TIFFANY AP

    ... their HK$27.36 offer price before falling back to HK$29- up 5.99 per cent- when the market closed. Yanai wants to achieve five trillion yen (HK$378 billion) in annual sales and become the biggest apparel ... Retailing will need to win over the American and Chinese markets. "Obviously we will need them both," Yanai said. "One alone is unthinkable if we aspire to become the biggest retailer ...

  3. Business - Economy - RETAIL

    Shopping centres see brisk business during Lunar New Year break

    Posted Feb 06th 2014, 04:24am by Yvonne Liu

    ... consumption demand remains strong because of the low unemployment rate, and the outlook for the retail market remains optimistic," she said. "Overall retail sales for this year won't record strong growth as it the past few years. But it will be stable." At Sun Hung Kai Properties' 12 shopping centres, traffic grew 15 per cent to 7.8 million visitors during the Lunar ...

  4. Lifestyle - Interiors & Living - RETAIL

    Top brands buy into a shopping experience

    Posted Feb 26th 2014, 05:24am by Kavita Daswani

    ... Kavita Daswani property.post@scmp.com With the online boom, stores are raising their game by offering punters designer attractions and an adventure into the mindset of their products Brands buy into a shopping experience A light-filled tunnel with slick, epoxy floors and a 5-metre-high aquarium-style window stacked with mermaid torsos and beds of nails instead of racks ...

  5. Property - Hong Kong & China - RETAIL

    Demand for gold jewellery drives sales surge at APM Mall in Hong Kong

    Posted Jul 03rd 2013, 12:00am by Sandy Li

    ... Jewellery stores see strong first-half returns as price of precious metal plunges The sales performance of Sun Hung Kai Properties flagship mall in Kowloon East rose 15 per cent ... mall, 80 per cent of the 165 tenants had changed since it was opened in 2005 and the remaining 20 per cent still operating were the best performers. Fung was upbeat about the retail market ...

  6. Business - Economy - RETAIL

    Slower but sure growth ahead for retail property

    Posted Dec 29th 2012, 12:00am by Paggie Leung

    ... Paggie Leung paggie.leung@scmp.com Slower but sure growth ahead for retail property Growth in retail property rents and prices will slow next year, according to landlords and analysts, but the sector will outperform other property types. "Global economic uncertainties are likely to continue to affect markets in China and Hong Kong in 2013. The slowdown in growth of local retail ...

  7. Business - Economy - RETAIL

    Jewellers say no to high rents forprime shop sites

    Posted May 31st 2013, 12:00am by Sandy Li

    ... Those to the mainland, its No 3 market, dived 31.4 per cent to 113.1 million francs. Despite strong sales over the Lunar New Year, property company Savills said retailers remained cautious, ... street-front shops, as mainland shoppers spend less on expensive gifts. Two years ago top-tier retailers were willing to pay 30 to 40 per cent above market rate for a prime shop to capitalise ...

  8. Property - International - RETAIL

    Carlyle Group sells prime office tower in Manhattan for US$1.3 billion

    Posted Jun 05th 2013, 12:00am by BLOOM

    ... Holdings agreed to buy the 600,000 sq ft building, Crown said. The property has about 75,000 sq ft of retail space in a prime tourist and office area. The purchase is the largest of an entire ... in 2007. In another deal for a trophy Plaza district property, a 40 per cent stake in the General Motors Building was sold to the families of Chinese real estate developer Zhang Xin ...

  9. Business - Companies - RETAIL

    Ikea group sees consumer recovery worldwide, posts record profit

    Posted Jan 28th 2014, 04:44pm by Reuters in Stockholm

    ... top furniture maker, said on Tuesday it saw signs consumer spending was starting to recover in many of its markets as it posted record full-year profits. Retailers have been struggling ... offer, we plan to double sales by 2020,” Agnefjall said. Growth will mainly be in existing markets – in China it has opened 11 stores in a decade, but also in new markets such as India, where ...

  10. Property - Hong Kong & China - RETAIL

    Hong Kong retail rent growth seen at 5pc this year, says consultancy

    Posted May 01st 2013, 12:00am by Peggy Sito

    ... there are still market uncertainties ahead, we believe that a vibrant inbound tourism, largely healthy job market, and retailing opportunities in new and emerging shopping districts on the back of rising ...




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