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  • July 12, 2014
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  1. Property - Hong Kong & China - RETAILING

    Good times ending for Hong Kong's retail landlords as rents fall

    Posted Aug 14th 2013, 12:00am by RACHEL BUTT

    ... Rachel Butt property.post@scmp.com Rents are dropping for city's prime retail properties as big-spending mainland tourists look beyond Asia for their shopping sprees Good times ending ... said retail property prices were likely to decline, given waning demand for space and slowing rental growth. "Rents are holding firm because price corrections in the value of retail ...

  2. Property - Hong Kong & China - RETAILING

    Hungry shoppers miss out as malls cut food courts for higher rents

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

    ... available to retailers, which were willing to pay much higher rents and could generate better sales per square foot. Metro City Plaza in Tseung Kwan O, owned by Henderson Land Development, closed ... Sandy Li sandy.li@scmp.com Shopping centre operators are scaling down or eliminating stalls serving fast meals to maximise income from retailers which can paymore Food courts lose out ...

  3. Property - Hong Kong & China - RETAILING

    Empty shops on the up in Causeway Bay as high rent drives out business

    Posted Jan 15th 2014, 05:33am by Yvonne Liu

    ... higher rents that only luxury brands or jewellery shops are able to afford," Lin said. "Previously, when retail sales were growing strongly, luxury brands might have considered renting ... to such adjustments of rents, vacancy rates could fall in the second quarter of this year, he said. "Retailers focused on selling mid-range products will be more active this year, as mainland tourists ...

  4. Property - Hong Kong & China - RETAILING

    Retailers keen on fringe areas such as Gough Street and Hollywood Road

    Posted Sep 25th 2013, 12:00am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Slowdown in trade and rocketing rents in prime districts are causing top brands to move out to areas such as Gough Street and Hollywood Road Retail shift ... in rents in prime shopping areas such as Russell Street in Causeway Bay. Meanwhile, in secondary shopping areas such as Percival Street in Causeway Bay, shops are being left vacant as retailers ...

  5. Business - Companies - RETAILING

    Causeway Bay shop rents lead world

    Posted Nov 15th 2012, 12:00am by Yvonne Liu

    ... supply mean retail rents in Causeway Bay, Central and Tsim Sha Tsui are among the five most expensive shopping addresses in the world. Research by property consultant Cushman & Wakefield ... expensive retail destination in the world. It is the first time in 11 years that Fifth Avenue with an average rent of US$2,500 per square foot a year has not led the rankings. Hong Kong's ...

  6. Business - Companies - RETAILING

    Robinsons Retail eyes family-owned chains to compete with rival

    Posted Jun 03rd 2014, 01:30am by BLOOM

    ... Bloomberg in Manila Philippine retailer to compete with rival chain by acquiring small businesses in rural areas Robinsons eyes family-owned stores for growth Billionaire John Gokongwei is scouting chains of family-owned stores to expand into faster-growing Philippine towns as part of a plan to compete with retail stores controlled by the nation's richest man, Henry Sy. ...

  7. Property - Hong Kong & China - RETAILING

    Taubman Asia investing US$600m in new shopping centres

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

    ... and that the same was true for retail sales. Mainland cities account for more than half of all shopping centre space under construction across the globe, according to a survey released in April ... Hangzhou, Beijing and Wuhan. Undaunted by an oversupply of retail spaces in China, Tremblay still sees opportunities in some cities. CityOn.Xian, Taubman's joint venture shopping centre ...

  8. Business - Companies - RETAILING

    Prada shares sold off on earnings slide for first quarter

    Posted Jun 07th 2014, 01:13am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Prada shares sold off on earnings slide for quarter Shares of luxury retailer Prada fell 6 per cent, the largest drop in nearly two years, after delivering ... getting crunched." Selling expenses rose 34 per cent year on year due to rising labour costs and rent expenses. Luxury brands have been facing headwinds as a result of the economic slowdown ...

  9. Business - Economy - RETAILING

    Rise in Hong Kong consumer confidence fails to lift retail sales

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

    ... into sales dollars for retailers. A survey by leading consumer insights firm Nielsen found overall spending intention of Hong Kong respondents increased three percentage points year on year to 53 per ... percentage points to 30 per cent and 32 per cent, respectively. Despite the intentions, customers have been reluctant to open their wallets. In March, citywide retail sales declined for the first ...

  10. Business - Companies - RETAILING

    Adidas sales on track to surpass €2b thanks to World Cup exposure

    Posted Jul 11th 2014, 01:31am by BLOOM

    ... Bloomberg in Frankfurt German brand benefits from games as soccer sales on track to surpass €2 billion this year Adidas scores thanks to World Cup exposure Argentina's World Cup semi-final victory over the Netherlands on Wednesday puts the South Amer ...




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