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  • August 31, 2014
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  1. Comment - Insight & Opinion - LEADER

    There's a silver lining even as retail sales take a downturn

    Posted Aug 06th 2014, 04:35am by SCMP Editorial

    ... in expensive shopping areas such as Causeway Bay. That said, it is a question of which factor drove retail operators out first- high rents or falling sales revenue that ultimately made them ... Growth rates were bound to return to more normal patterns. There is an upside. Cooling sales should help rein in rents for retail premises, blamed for driving out traditional local businesses ...

  2. Comment - Insight & Opinion

    Worrying times for Hong Kong's retail trade as mainland visitors' spending falls

    Posted Jun 07th 2014, 03:01am by SCMP Editorial

    ... SCMP Editorial Worrying times for the retail trade It is to be expected that the loudest complaints about a fall in retail sales would come from shopkeepers paying sky-high rents ... in Hong Kong's retail sales in five years, as the rate of growth in the number of visitors slowed from 26.7 per cent in March to 14.7 per cent. Sales fell in March too. The two straight ...

  3. Comment - Insight & Opinion - BRICKS & MORTAR

    Hong Kong faces serious shortage of industrial land for logistics use

    Posted Aug 18th 2014, 12:34pm by Peggy Sito

    ... Peggy Sito With only four sites coming on market in past decade, rents and demand have risen strongly Industrial land for logistics use facing serious shortage We all know about ... is emerging as a barrier to the development of the city's trade and retail sectors. International property consultant CBRE estimates the warehouse vacancy rate dropped to 0.4 per cent in June ...

  4. Comment - Letters

    Escalating rents pose greater threat to small businesses than minimum wage rise

    Posted Aug 23rd 2014, 02:41am by LETTERS

    ... Escalating rents pose greater threat than minimum wage rise I refer to the letter by Emily Ho (" Lower wage offer will best suit everyone ", August 15). If your correspondent had replaced the word "wage" with "rent", then her letter would have been more relevant. That's why I am perplexed by her logic that wages could run a business into the ground. ...

  5. Comment - Insight & Opinion

    Hong Kong must find a way to resolve dilemma of mainland visitor numbers

    Posted Aug 21st 2014, 12:54pm by Bernard Chan

    ... in retail rents have led to the closure or relocation of many shops serving locals. Some observers are sceptical of tourism's economic benefits. According to the Legco paper, the individual ... economy slowed in the second quarter of the year. Analysts say a marked drop in mainland visitors' spending on luxury goods is part of the reason. Representatives of the retail sector have ...

  6. Comment - Letters

    Fierce competition and high rents force shops to break the law

    Posted May 08th 2014, 04:28am by LETTERS

    ... Fierce competition and high rents force shops to break law The battle for street space is acute in busy urban areas. On parts of Nathan Road, the pavements are empty early in the morning ... land. Also, with cut-throat competition between businesses and high rents, many shopkeepers feel they have to extend their business beyond the registered premises. Unlike the big chains ...

  7. Comment - Insight & Opinion - JAKE'S VIEW

    'Grim' retail sales index tells only fraction of story

    Posted Aug 03rd 2014, 04:25am by Jake Van Der Kamp

    ... Jake van der Kamp Don't panic, retail sales index doesn't tell whole story The grim performance of Hong Kong's retail sales continued in June, producing the worst first-half ... The retail sales survey that goes into making up the retail sales index covers only 31 per cent of retail sales in Hong Kong. That's right, fewer than one-third of total retail sales. It used ...

  8. Comment - Letters

    What's being said on scmp.com

    Posted Jun 08th 2014, 05:28am by LETTERS

    ... On report, "Drop in retail sales biggest in five years as surge in number of mainland visitors slows", June 3: nicolas- 70% of our tourists come from the mainland and it shows poor government policy. oxymoron 27- Let the market crash if need be, but just wipe out all the luxury retailers and bring back the neighbourhood stores. raglan- Good, we need a correction ...

  9. Comment - Insight & Opinion - LEADER

    Caution about Hong Kong's economic outlook is warranted

    Posted Aug 14th 2014, 04:29am by SCMP Editorial

    ... they will be lower. Shuttered shops in Causeway Bay are a tell-tale sign that all is not as it should be. But for those who are still sceptical, perhaps believing that unaffordable rents are a more likely cause, there is a slew of economic data to support concerns. Retail sales fell by 4.1 per cent in May, the fifth straight monthly drop. Sales of jewellery, watches and precious gifts were down ...

  10. Comment - Letters

    Government attacked the hopes of citizens wanting fair society

    Posted Aug 13th 2014, 04:19am by LETTERS

    ... people. But contracts are bilateral. Two sides agree. We surely thank Beijing for boosting its domestic economy and ours, up to a point. It supported our retail trade, employment, rents ...




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