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  • July 15, 2014
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  1. Comment - Blogs

    Retail review: J. Crew

    Posted Jul 14th 2014, 12:31pm by Jason Y Ng

    ... when he first heard how much retail space cost here. Shock quickly gave way to disbelief, as he found out not only that his Asian flagship would be one fifth the size of its U.S. counterparts, ... the men’s. On Lan Street is a horrendous location for a fashion retailer. The back alley is a loading zone for Marks & Spencer, so out of the way that it makes the hard-to-find Duddell Street ...

    http://www.scmp.com/comment/blogs/article/1553933/retail-review-j-crew
  2. Business - Companies - EARNINGS

    Fast Retailing cuts 2014 profit forecast

    Posted Jul 11th 2014, 01:31am by BLOOM

    ... Bloomberg in Tokyo Fast Retailing cuts annual profit forecast Fast Retailing, Asia's biggest clothing retailer, cut its forecast for annual profit for the second time in the current ... not profitable" and did not meet target in the third quarter, Fast Retailing spokesman Keiji Furukawa said. There could be an impairment charge relating to the unit and costs of opening US stores ...

    http://www.scmp.com/business/companies/article/1551432/fast-retailing-cuts-2014-profit-forecast
  3. Comment - Insight & Opinion - LEADER

    Fairer deal needed for retail investors in IPOs

    Posted Jul 07th 2014, 05:17am by SCMP Editorial

    ... SCMP Editorial Retail investors need fair deal With Hong Kong's IPO activity picking up, brokers are calling for tighter rules on cornerstone investors as their retail clients ... are happy to see a large take-up from the likes of tycoons and sovereign wealth funds before a share offer goes on sale to the public. Within 10 years, however, retail investors have gone from ...

    http://www.scmp.com/comment/insight-opinion/article/1548240/fairer-deal-needed-retail-investors-ipos
  4. Business - Economy - RETAIL

    Hong Kong year-on-year retail sales show 4.1 per cent drop for May

    Posted Jul 03rd 2014, 11:47pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Year-on-year consumer spending dropped by 4.1pc in May amid ongoing effects of poor jewellery sales and discounting by retailers City's shop sales drop for third month Hong Kong's retail sales fell 4.1 per cent year on year in May, the third straight month of shrinking consumer spending exclusing the Lunar New Year month of Feburary, ...

    http://www.scmp.com/business/economy/article/1546132/hong-kong-year-year-retail-sales-show-41-cent-drop-may
  5. Business - Banking & Finance - CURRENCIES

    Mainland China banks set own yuan rates for retail clients

    Posted Jul 04th 2014, 01:41am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Beijing's latest easing on exchange rate with greenback comes in lead-up to talks with US Mainland banks set own yuan rates for retail clients Mainland banks set their own exchange rates for the yuan against the US dollar for the first time yesterday in deals with retail clients, following the latest steps by the People's Bank ...

    http://www.scmp.com/business/banking-finance/article/1546129/mainland-china-banks-set-own-yuan-rates-retail-clients
  6. Business - Banking & Finance - BANKS

    Singapore changes liquidity rules for major retail banks

    Posted Jun 26th 2014, 01:08am by BLOOM

    ... Bloomberg in Singapore Large retail lenders will be required to hold cash assets in the country to support outflows Singapore brings in liquidity reform Singapore said banks with a "significant retail presence" in the city-state will soon be required to maintain some liquid assets in the country to support short-term cash outflows. The new liquidity framework applies to all ...

    http://www.scmp.com/business/banking-finance/article/1540543/singapore-changes-liquidity-rules-major-retail-banks
  7. Business - China Business - TECHNOLOGY

    After IPO success, JD.com chief seeks to oust Alibaba as No 1 online retailer

    Posted Jun 21st 2014, 12:53am by Reuters

    ... Reuters in Beijing After successful New York IPO, JD.com founder Richard Liu has his sights set on being No1 JD.com chief in control as he targets Alibaba With an iron grip, JD.com founder Richard Liu Qiangdong has dragged China's No2 online retailer from a Beijing backwater to a rich New York listing. Beyond the wealth that brought him lies Liu's next target- beating Jack ...

    http://www.scmp.com/business/china-business/article/1537237/after-ipo-success-jdcom-chief-seeks-oust-alibaba-no-1-online
  8. Property - Hong Kong & China - LEASING

    Retailers downsize as luxury sales slump

    Posted Jun 10th 2014, 03:37pm by Sandy Li

    ... Sandy Li sandy.li@scmp.com Firms switch to a conservative approach in their expansion in HK after a change in mainlanders' spending patterns triggers slump in luxury sales Retailers go for smaller shops Retailers that target mainland tourists are changing their leasing strategy and downsizing to reduce risk after sales of luxury items fell the most in five years. ...

    http://www.scmp.com/property/hong-kong-china/article/1529249/retailers-downsize-luxury-sales-slump
  9. Business - Money - EQUITIES

    Chinese retail investors see quick returns from next round of IPOs

    Posted Jun 11th 2014, 01:15am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com Retail investors line up for quick IPO returns A clutch of new shares about to flood the mainland's equity market is expected to exacerbate weak sentiment but, emboldened by past experience, retail investors are still queuing up to chase quick returns from the newly listed stocks. Market watchers predict the securities regulator ...

    http://www.scmp.com/business/money/markets-investing/article/1529580/chinese-retail-investors-see-quick-returns-next
  10. News - Hong Kong - ECONOMY

    Jobless rate could rise if retail sales keep declining, financial secretary warns

    Posted Jun 09th 2014, 03:03am by Phila Siu

    ... Phila Siu phila.siu@scmp.com Poor April figures and troubling external business factors worry financial secretary Fall in retail sales could cost jobs, Tsang says Hong Kong's unemployment rate of 3.1 per cent may go up if retail sales continue to shrink and the external business environment does not improve, Financial Secretary John Tsang Chun-wah warned yesterday. He ...

    http://www.scmp.com/news/hong-kong/article/1528229/jobless-rate-could-rise-if-retail-sales-keep-declining-financial

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