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  • November 25, 2014
  • Last updated: 4:10am
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  1. Business - Companies - RETAILING

    Profit dictates store size at Sa Sa

    Posted Jun 21st 2013, 12:00am by Sandy Li

    ... expenses in Hong Kong rise 23 per cent year on year. Kwok said the company's average rental expenses accounted for 10.4 per cent of total sales, which stood at HK$7.66 billion. The stock fell ... by the economic slowdown on the mainland. To narrow the loss, we will cut about 40 per cent of rental and staff costs by opening smaller stores on the mainland," said chairman Simon Kwok Siu-ming. Sa ...

  2. Business - Companies - EARNINGS

    Jeweller Luk Fook posts record profit of HK$1.86b after gold binge

    Posted Jun 27th 2014, 01:04am by TIFFANY AP

    ... saw a 96 per cent rise compared with 2011. Management said that although rental expenses were a challenge in the local market, as they rose about 60 per cent, they noticed that in recent ... but in Macau our rental expense is still rising very fast. "In Hong Kong we will work on finding more attractive spaces." Over the past year, the group has focused on opening landmark stores ...

  3. Business - Property - BRICKS & MORTAR

    Investors viewed unfairly as speculators

    Posted Jun 04th 2013, 12:00am by Sandy Li

    ... for the purpose of capping its rental expenses. If it were to rent the 512,000 sq ft of office space at West Tower instead of buying the building, it would cost an additional HK$123 million per year, ... could easily cost HK$260 million a year. For a global corporation with plans to expand over the next two decades, this translates into HK$5.2 billion in rental expenses for the next 20 years ...

  4. Business - Companies - EARNINGS

    Fashion retailer IT sees profits plunge over Hong Kong slump

    Posted May 23rd 2014, 12:51am by TIFFANY AP

    ... by 3.1 per cent. Meanwhile, rental expenses surged by 8 per cent and staff costs rose nearly as much, by 7.8 per cent. Gross profit margin climbed 1.1 per cent to 59.9 per cent, the effects ... Tiffany Ap tiffany.ap@scmp.com Profits at fashion firm IT drop in HK slump Fashion retailer IT's profit fell 27.3 per cent year on year as it faced rising rental and labour costs ...

  5. Business - Economy - ECONOMY

    Securities and Futures Commission runs up deficit

    Posted Oct 31st 2012, 12:00am by Enoch Yiu

    ... Center from Li Po Chun Chambers and Charter House. The SFC expects rental expenses to double to HK$200 million for the financial year to the end of March next year. "Under ... of roughly HK$180 million in rental expenses," the SFC said in a paper posted on the Legislative Council's website in March. ...

  6. Business - Economy - OUTLOOK

    Confidence rising among Hong Kong's small and medium-sized firms

    Posted Jul 23rd 2014, 01:33am by CHIMA SAU-WAI

    ... the global economy are fading but the falling investment confidence, especially in manufacturing, retail, food and accommodation sectors, is noteworthy." He added that the ratio of rental expenses to operating costs has increased from 23 per cent to 32 per cent over the past two years. The survey finds that rents are the biggest concern for SMEs, with nearly a third ...

  7. Property - Hong Kong & China - RENTS

    Weaker luxury sales to force down shop rents in prime districts

    Posted Nov 20th 2014, 12:02pm by Peggy Sito

    ... in Hong Kong," he said, while adding that such tenants would be more cautious about rental expenses. Lai said he expected asking rents would drop by 5 per cent to 10 per cent when leases were ... Peggy Sito peggy.sito@scmp.com Scaled-back expansion plans by luxury brands and cosmetics retailers expected to spur landlords of street shops to cut rentals by up to 10pc Weaker luxury ...

  8. Business - Companies - RESULTS

    Retailer to expand circle on mainland China

    Posted Mar 28th 2013, 12:00am by PAUL SOH

    ... by 1 per cent- despite escalating rental expenses and rising operating costs as the retail group streamlined its operations by integrating Circle K and Saint Honore management and operating teams ... and escalating expenses, we expect consumer sentiment to improve in the second half of 2013," said Richard Yeung, chief executive of Convenience Retail Asia. Yeung said that although operating ...

  9. Business - Money

    Gome sees net loss widen amid slowing growth on mainland

    Posted Oct 23rd 2012, 12:00am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Warning comes as sales revenue suffers significant fall and expenses increase Gome sees net loss widen amid slowdown Gome Electrical Appliances yesterday ... to between 600 million yuan and 700 million yuan. The loss was due to the significant fall in Gome's sales revenue and a loss incurred by its e-commerce business. An increase in staff and rental ...

  10. Business - China Business - RETAILING

    Sportswear firm Li-Ning sees first-half loss soar 218pc

    Posted Aug 14th 2014, 10:07am by TIFFANY AP

    ... planned sell-through momentum on new products, expenses from consolidation of its store network and supply chain, along with overall distribution costs ate up 43.7 per cent of the group's total revenue. "The loss was primarily due to the investment in retail and marketing, which obviously will contribute to the business in time," Kim said. Staff costs and store rental ...




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