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  • November 24, 2014
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  1. Japanese retailer plans to open five new stores in HK

    Posted May 28th 2005, 12:00am by Denise Tsang

    ... Denise Tsang Muji says $36m expansion will boost its operations for foray in mainland Japanese apparel and houseware retailer Muji plans to open five new stores in Hong Kong in the next ... of Japan's largest retailers. Mr Furuta said he expected the extra Hong Kong stores, taking the number to 10, would help increase sales by 66 per cent to five billion yen in two years. With a daily ...

  2. Opportunity knocks for power giants

    Posted Nov 01st 2005, 12:00am by Denise Tsang

    ... in sharply contrasting styles to the decision by the Queensland state government in Australia to open its electricity retailing market to foreign investors. CLP Holdings and Hongkong Electric Holdings have been battling to amass power assets elsewhere in Australia in recent years- the former showing an appetite for distribution, or retail assets, while the latter has mainly targeted ...

  3. Belle to press on with mainland network growth

    Posted Mar 25th 2009, 12:00am by Denise Tsang

    ... Denise Tsang Shoemaker and retailer Belle International Holdings, which reported an almost 30 per cent increase in operating profit last year, plans to expand its sales network on the mainland despite the poorer economic outlook. The No1 retailer of women's shoes in the country saw attributable profit rise 1.58 per cent to 2.01 billion yuan (HK$2.28 billion). The increase ...

  4. KCRC to boost shopping space at railway stations

    Posted Dec 15th 2004, 12:00am by Denise Tsang

    ... of the government-owned rail service operator to raise income sources at a time when the retail spending and commercial property markets are bouncing back as a result of record numbers of mainland visitors to Hong Kong. Retail sales grew 11.4 per cent during the first three quarters of this year, and that resulted in growing demand for more retail space. Rents for prime street shops rose more than ...

  5. CRE plans $2b mainland expansion

    Posted Mar 14th 2005, 12:00am by Denise Tsang

    ... Denise Tsang Red chip eyes asset sales to fund its push for a wider retail presence across China Red chip China Resources Enterprise plans to spend up to $2 billion expanding its ... for expanding our presence on the mainland,' he said. With ambitions of becoming the country's largest consumer product retailer, China Resources- listed flagship of State Council investment ...

  6. Li & Fung drops after client files for bankruptcy

    Posted Jun 11th 2009, 12:00am by Denise Tsang

    ... Denise Tsang Shares in trading house Li & Fung sank yesterday after one of its top five customers, German retailer Arcandor, filed for bankruptcy, putting the Hong Kong-based ... administrator on the way forward for the distressed retailer. Li & Fung played a sourcing agent role for Arcandor and sourced as much as HK$5.5 billion worth of garments and hard goods, or 5 per ...

  7. Instant fashion brand Ziti hits the ground running

    Posted Sep 28th 2009, 12:00am by Denise Tsang

    ... partners are hoping their collective effort will fare better than other retail ventures launched by Hongkongers on the mainland- many of which have failed. The stakes are high for Lee ... blocks and traps. Some Hong Kong investors have become frustrated at the failure of mainland landlords to follow the contract. Some have complained that landlords request retailers to move ...

  8. Watsons shops to get facelift

    Posted Jul 06th 2005, 12:00am by Denise Tsang

    ... Denise Tsang Hutchison Whampoa's health and beauty retail chain Watsons will counter an expected consumer slowdown by spending about $20 million to upgrade 170 shops. David Boynton, the managing director of Watsons' Hong Kong operations, agreed with economists' forecasts of weakened consumer confidence in the second half of the year on the back of interest-rate rises. ...

  9. ParknShop is on the prowl

    Posted Nov 29th 2004, 12:00am by Denise Tsang

    ... Denise Tsang Chain to speed up expansion in eastern China by acquiring another retailer Hutchison Whampoa's supermarket chain, ParknShop, is seeking to acquire a retailing chain ... China, according to Iwan Evans, chief executive of the food, electronics and general merchandise division of the group's retailing flagship AS Watson. With a portfolio of 32 stores ...

  10. Lianhua braces for bruising ride as rivalry hots up

    Posted Aug 20th 2005, 12:00am by Denise Tsang

    ... Denise Tsang China's top retailer counts on expansion plan in battle against overseas giants Lianhua Supermarket Holdings, China's largest retailer, expects punishing competition ... yesterday said China's commitment to World Trade Organisation rules had opened a floodgate for foreign retailers which jumped in with rapid and large-scale expansion plans. This is the first ...




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