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  • October 25, 2014
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  1. HK's strategic location outweighs high shop rents, says MCM

    Posted Mar 30th 2011, 12:00am by Peggy Sito

    ... Peggy Sito German luxury goods company MCM Products, which took over home-grown retailer Episode's shop to open its flagship store in Central, said the strategic position of Hong Kong as a gateway to the mainland would outweigh the cost of high shop rents in the city. Global brands would be undeterred by rising rents, it said. 'Hong Kong has always been an important ...

  2. Grade-A rent to increase as growth absorbs office glut

    Posted Oct 15th 2003, 12:00am by Staff Reporter

    ... Grade-A office rents, which have slumped 60 per cent in the past three years, are expected to pick up in the second half of next year as the market digests an oversupply, according to analysts. Simon Smith, senior director of research at FPDSavills, said the oversupply would be absorbed by the second half of next year and grade-A office rents would grow moderately. 'In ...

  3. Giordano plans return to Europe

    Posted Mar 19th 2004, 12:00am by Sandy Li

    ... two months of this year and the company could exceed its 2002 net profit of $328 million by a double-digit percentage if the trend continued. However, he warned that soaring retail rents ... Sandy Li Casual-wear retailer says the Hong Kong market is saturated as profit falls 18.9pc Giordano International is planning to return to Europe a mere two years after pulling out ...

  4. China Mobile starts push at Games

    Posted Aug 09th 2008, 12:00am by Staff Reporter

    ... Frederick Yeung China Mobile Communications Corp has started its major push to promote home-grown third-generation mobile services to foreign visitors with new retail outlets to showcase ... offers six TD-SCDMA handset models for rent. Foreign visitors can rent a handset for 10 yuan (HK$11.39) a day, plus a prepaid card for 218 yuan. Calls within the mainland cost 40 fen per minute. ...

  5. Walton Brown plans second China mega-store

    Posted Apr 28th 2005, 12:00am by Sandy Li

    ... to disclose asking rents for retailers in the Dongguan mega-store but said it charged a monthly rate of between $100 and $200 per square foot or turnover rents, whichever was higher, at Ocean ... the Dongguan market because South China Mall suited upmarket retailers. 'Shoppers can spend the whole day there,' said Mr Wong, adding the new LCX store would carry about 200 brands. South ...

  6. Analysts say slower retail sales make consumption issues risky

    Posted Feb 03rd 2009, 12:00am by Kandy Wong

    ... Kandy Wong Investors are advised to stay away from consumption stocks such as Parkson Retail Group, Belle International Holdings and Li Ning after the Ministry of Commerce announced that retail sales growth slowed during the Lunar New Year. Figures from the central government showed retail sales in the Lunar New Year grew 13.8 per cent year on year to 290 billion yuan, compared ...

  7. SHKP buys Sha Tin tenant Seiyu

    Posted Jun 02nd 2005, 12:00am by Sandy Li

    ... by a combination of deteriorating results in Japan and soaring rents for retail space in Hong Kong. Daimaru, Yaohan and Matsuzakaya have all left Hong Kong, while debt-ridden Sogo sold its flagship ... million sq ft of retail space, said it had chosen to buy the store when 'Seiyu of Japan expressed its interest to sell its Hong Kong department store operation'. The Seiyu department ...

  8. Graduates to freshen up retailer

    Posted May 17th 2008, 12:00am by Rosheen Rodwell

    ... Rosheen Rodwell Demand for luxury goods in Asia has risen dramatically in recent years and, as the industry becomes more complex, retailers are struggling to recruit management of the right calibre. At Louis Vuitton this need is pressing as the firm's maisons or headline stores, such as the one on Canton Road in Kowloon, employ as many as 150 people. This size of store ...

  9. Promotions signal retail price war

    Posted Aug 04th 2003, 12:00am by Sandy Li

    ... Prime players in Hong Kong are introducing special offers and discounts to get business back to pre-Sars levels Hong Kong's leading retailers are aggressively pursuing business ... with credit card companies. Nick Debnam, partner for consumer markets at KPMG, said the priority for Hong Kong retailers after the Sars crisis was to generate cash flow, using aggressive promotional ...

  10. Japan's Piago store to enter HK market in first overseas venture

    Posted Apr 16th 2010, 12:00am by Celine Sun

    ... Celine Sun Japanese chain store Piago, a sister brand of Apita under the UNY (HK), will open its first overseas shop in Telford Plaza, Kowloon Bay, early next year. The retailer ... Chui-lok, chief shopping centre manager of MTR Corp, the operator of Telford Plaza, said Piago had signed a six-year tenancy deal and that the rent had increased by as much as 15 per cent compared ...




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