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  • November 23, 2014
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  1. 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 ...

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

    'Slowing' retail sales growth still high by any historical measure

    Posted Oct 06th 2013, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp 'Slowing' retail sales figures still pass the 1,000-year test The city's retail sector looks set for challenging times, with sales growth in the traditional busy summer shopping season lower than expected. Retail sales in August rose just 8.1 per cent year on year in value terms, the slowest for any month this year and down from 9.3 per cent ...

  3. Health warning helps balance missing element in retail sales data

    Posted Jun 09th 2005, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp '... They (retail sales statistics) should not be regarded as a comprehensive indicator of overall consumer spending.' Data health warning Census and Statistics Department I'M PROUD OF that cautionary note published by the Census and Statistics Department every month when it releases the retail sales statistics. I think I had a part to play ...

  4. Hold the tears for cashed-up retailers seeking mall mercies on rents

    Posted Feb 22nd 2005, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp 'The store would never make a profit if we accepted the new rate. We hope other retailers oppose the high rent policy.' Paul Law Tim-fuk Director, Luk Fook Holdings International (Jewellery retailer) OUR HEADLINE ON the front page story on Saturday stated it more strongly- 'Retailers refuse to pay as rents skyrocket up to 60 per cent'. ...

  5. Caveat emptor if you buy official retail data as spending evolves

    Posted Dec 09th 2004, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp HEALTH WARNINGS ARE routinely ignored, but as I had some part to play in convincing the Census and Statistics Department to put a warning on its retail sales figures every month, I shall emphasise it here. These figures, say our statisticians, are 'primarily intended... for gauging the short-term business performance of the local retail sector and... ...

  6. Business - Banking & Finance - JAKE'S VIEW

    FSDC adviser Bill Strong has weak argument for stopping reit profit tax

    Posted Dec 03rd 2013, 05:45am by Jake Van Der Kamp

    ... is a question for you. Who would pay for public services then? Why should reits be tax free but clothes retailers and rice merchants not? What makes a reit special? His answer is that we would more than ...

  7. Business - Comment - JAKE'S VIEW

    China's export strength does not lie in the yuan

    Posted Nov 05th 2013, 01:42am by Jake Van Der Kamp

    ... on China's exports. I would be surprised if the yuan value-added component has yet exceeded 10 per cent of the final retail sales price abroad. It consists of little more than assembly wages. ...

  8. Business - Comment - JAKE'S VIEW

    HSBC of today lacking in vision that had helped it grow

    Posted Aug 08th 2013, 12:00am by Jake Van Der Kamp

    ... book on retail customers can come back to bite you. I say beginning . I'm not sure they are quite there yet. No, what I have in mind is the bank of earlier days, when population growth ...

  9. Big impact of Sars fails to register in data

    Posted Jul 15th 2003, 12:00am by Jake Van Der Kamp

    ... apparently now an equally sharp recovery) the economic fallout was nowhere near as pronounced as almost everyone had expected. For instance, take the retail sales figures announced last week. ... the period of the chart represent the usual booms in retail sales at Lunar New Year but, discounting these, the chart tells you that retail sales crashed with the financial crisis of 1997-98, rose ...

  10. The most dangerous object in finance: your signature

    Posted Sep 14th 2009, 12:00am by Jake Van Der Kamp

    ... should ponder. Wheatley is of the common view that separating investors into two categories, professional and retail, did little to stop the sharks of the financial markets from selling ... professional, sophisticated and retail. The idea is just as sure to fail. What, for instance, might be the distinction between a sophisticated and a professional investor? If we wish to be literal ...




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