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  • November 28, 2014
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  1. Yue Yuen profit up on mainland retail sales

    Posted Sep 21st 2006, 12:00am by Andy Chen

    ... Andy Cheng Yue Yuen Industrial (Holdings), the world's biggest sports shoe maker, said fiscal third-quarter net profit rose 21 per cent, mainly driven by its mainland retail sales. ... to US$1.017 billion from US$859 million a year earlier, faster than the 16.5 per cent increase for the six months ended March. Yue Yuen is hoping to expand its wholesales and retail operations ...

  2. Sting in the retail

    Posted Sep 07th 2006, 12:00am by Andy Chen

    ... travel destinations on the mainland and beyond. Some local retailers are already feeling the pressure of competition from abroad, saying that recent mainland visitors to Hong Kong were not spending as much as those who came in the previous two years. The retailers attributed the difference in spending to the fact that the first individual travellers came from cities which were better ...

  3. Retail sales growth lifts Lianhua

    Posted Aug 16th 2006, 12:00am by Andy Chen

    ... million yuan. Though China's consumer spending is growing rapidly- retail sales rose 13.7 per cent last month to 601.2 billion yuan from a year earlier- the gains have only served ...

  4. Luxury retailer to open 24 new shops

    Posted Dec 13th 2005, 12:00am by Andy Chen

    ... Andy Cheng Luxury retailer Dickson Concepts (International) is to open a further 24 shops by the end of the financial year, taking to more than 400 the number of shops it has set up as part of its aggressive expansion strategy. After announcing a 10.5 per cent jump in interim net profit, chairman Dickson Poon yesterday said the group had opened 57 shops this year and it now ...

  5. Golden Eagle lifts first-half profit 41pc

    Posted Aug 31st 2006, 12:00am by Andy Chen

    ... Andy Cheng Golden Eagle Retail Group, a mainland department store operator, said first-half profit jumped 41 per cent as sales rose amid a booming economy and an expanded customer loyalty ... and take advantage of increased spending by mainland consumers, chairman Roger Wang Hung said. China's retail sales increased 13.7 per cent to 601.2 billion yuan last month compared ...

  6. HKEx cuts board lots to 500 units

    Posted Jun 03rd 2006, 12:00am by Andy Chen, Enoch Yiu

    ... shares on June 26, making it easier for retail investors to buy the shares. Brokers said the move might help silence critics who had said the exchange's shares were held mainly by institutional investors or international hedge funds as it was relatively expensive for retail investors to buy them. 'The board believes that the reduced board lot size may facilitate the trading ...

  7. Giordano surges 18pc, denies takeover deal

    Posted Aug 08th 2006, 12:00am by Andy Chen

    ... Andy Cheng Shares of Giordano International surged as much as 22 per cent to HK$4.95 yesterday before slipping back to close up 18 per cent at HK$4.80 after the casual wear retailer confirmed late on Friday that Fast Retailing of Japan approached it about a possible takeover. The run-up and accompanying volume surge to 43.39 million shares, roughly five times the daily average ...

  8. Peace Mark allots $400m for China expansion

    Posted Jul 14th 2006, 12:00am by Andy Chen

    ... Andy Cheng Peace Mark (Holdings), a watch manufacturer and distributor, has set aside $400 million to buy high-end retail outlets on the mainland. The expansion plans were announced after the firm's fast-growing retail business powered a 62 per cent jump in annual profit. The company this year planned to buy mainland stores offering watches with price tags of as high as more than ...

  9. Watch firm steps up China drive

    Posted Apr 13th 2006, 12:00am by Andy Chen

    ... Andy Cheng Xinyu Hengdeli Holdings, a mainland distributor of international brand-name watches, plans to expand its retail network to second-tier cities this year after having made inroads ... per cent of last year's revenue came from retail. Chairman Zhang Yuping, who expects retail to be the main growth driver, said the company aimed to lift this contribution to 50 per cent ...

  10. Colliers cuts forecasts for rises as rosy view dims

    Posted Jul 04th 2006, 12:00am by Andy Chen

    ... and $15 to $20 in East Kowloon. Colliers also lowered its estimate of sale price rises for retail premises to 3 per cent from 10 per cent, noting that rents had failed to increase this year. But the consultant maintained its forecast of 5 per cent growth in retail rents this year. Centaline last week revised its forecast for retail rent increases to between 10 per cent and 20 per cent from 30 ...




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