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  • August 23, 2014
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  1. Business - Companies - EARNINGS

    New retail strategies spur 23pc jump in Hysan revenue

    Posted Mar 08th 2014, 01:40am by Yvonne Liu

    ... sector rose 19.5 per cent to HK$1.09 billion. The growth in retail income was much lower than the 58.4 per cent expansion in 2012. Turnover rent edged up 1.9 per cent. We have also introduced ... rent than turnover rent. "The growth in retail sales has normalised in recent years in the absence of a boom in the property and stock markets. And mainland tourists' consumption ...

  2. 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 ...

  3. Retailers refuse to pay as rents skyrocket up to 60pc

    Posted Feb 19th 2005, 12:00am by Sandy Li

    ... Sandy Li They complain aggressive increases by landlords are threatening their business Retailers are feeling the squeeze from rent rises of up to 60 per cent over the past year- and have vowed not to pay. Landlords' aggressive rent increases have outpaced the consumer rebound, retailers complain, and are threatening their bottom lines. They say they will not renew ...

  4. Hysan soars on retail rent

    Posted Mar 09th 2012, 12:00am

    ... this year. More than 90 per cent of the retail space has been leased so far. Chief financial officer Roger Hao said the rent of the shopping mall at Hysan Place would remain at more than HK$150 per ... Yvonne Liu yvonne.liu@scmp.com Strong growth in retail rental income helped Hysan Development's core earnings jump 14.1 per cent to HK$1.31 billion in 2011. The largest landlord ...

  5. Business - Economy

    US retail sales in sluggish start to quarter

    Posted Aug 14th 2014, 01:28am by BLOOM

    ... Bloomberg in Washington US retail sales in sluggish start to quarter Retail sales in the United States were little changed last month, the worst performance in six months, as car demand ... Some retailers must rely on promotions and discounts to entice customers, whose spending accounts for about 70 per cent of the economy. "We're seeing decent but not great consumer ...

  6. Property - International - NORWAY

    Norway wealth fund boosts London holdings with Pollen Estate deal

    Posted Aug 13th 2014, 05:05am by Bloomberg

    ... Bloomberg in Oslo Pollen Estate deal aligns with fund's strategy to invest in retail and office properties in big cities Sovereign wealth fund boosts London portfolio Norway's ... portfolio," spokesman Thomas Sevang said. "Our strategy is to focus our investments on a limited number of large global cities, where we invest in core retail and office properties." ...

  7. Lifestyle - Fashion & Watches

    J. Crew CEO Millard Drexler explains why the retailer is expanding into Asia

    Posted May 19th 2014, 09:21am by Jing Zhang

    ... be the city's biggest fashion retail opening this year- when J. Crew's stores finally launch in Hong Kong. After successfully testing the market in a partnership with Lane Crawford that began ... locations." News came in March that talks with Japanese company Fast Retailing (which owns Japanese high street giant Uniqlo and US labels Theory and J Brand) to acquire the brand from its private ...

  8. Foreign retailers buying, not renting

    Posted Oct 27th 2011, 12:00am

    ... Peggy Sito peggy.sito@scmp.com Stiff competition for prime locations and soaring rents mean big foreign retailers are shifting from leasing to buying land to develop their stores ... 'big box' refers to physically large retail outlets that are often part of a chain. Nip said big-box retailers faced great pressure to pay sharply higher rents when their leases- which ...

  9. Property - Hong Kong & China - INVESTMENT

    Citic Capital eyes pair of retail developments

    Posted Aug 12th 2014, 12:21pm by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Asset manager steps up shopping mall push on the mainland to tap urbanisation boom Citic Capital sets sights on two retail projects State-controlled asset management firm Citic Capital Holdings has cast a vote of confidence in the mainland's retail property sector with plans to buy two projects. "We plan to close the two deals by the end ...

  10. 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 ...




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