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  1. 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
  2. Business - Companies - EARNINGS

    Chinese shoe retailer Belle aims to 'remain steady' as profit falls 12pc

    Posted May 28th 2014, 01:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com The mainland shoe retailer says it is unlikely to achieve its goal of low single-digit growth for same-store sales this year Belle aims to remain steady as profit falls 12pc Mainland shoe retailer Belle, which yesterday reported a 12 per cent fall in net profit for the first two months of this year, says it will be difficult to achieve its target ...

    http://www.scmp.com/business/companies/article/1520197/chinese-shoe-retailer-belle-aims-remain-steady-profit-falls-12pc
  3. Business - Companies - EARNINGS

    Fashion retailer IT sees profits plunge over Hong Kong slump

    Posted May 23rd 2014, 12:51am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Profits at fashion firm IT drop in HK slump Fashion retailer IT's profit fell 27.3 per cent year on year as it faced rising rental and labour costs in its main markets, and a slowdown in Hong Kong retail spending. Net profit for the year ended February was down to HK$280 million, compared to HK$385 million the year before. Turnover increased ...

    http://www.scmp.com/business/companies/article/1518235/fashion-retailer-it-sees-profits-plunge-over-hong-kong-slump
  4. Business - China Business - EARNINGS

    Sinopharm to step up drug sales in retail sector

    Posted Mar 25th 2014, 01:32am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Sinopharm to step up sales in retail sector Sinopharm, the mainland's largest drug distributor, plans to boost retail sales to more than 10 billion yuan (HK$12.5 billion) in 2016, said Li Zhiming, the state-owned firm's president. Last year, the firm's drug retail sales rose 17.5 per cent to 4.83 billion yuan. "We ...

    http://www.scmp.com/business/china-business/article/1456559/sinopharm-step-drug-sales-retail-sector
  5. Business - Companies - EARNINGS

    New retail strategies spur 23pc jump in Hysan revenue

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

    ... from new retail strategies Hysan Development, the largest landlord in Causeway Bay, said revenues jumped nearly 25 per cent while adopting strategies to strengthen its retail portfolio in order to offset the impact of the slowdown in retail sales growth. Hysan said turnover grew 23.2 per cent to HK$3.06 billion last year. Excluding the contribution from Hysan Place, turnover from the rest ...

    http://www.scmp.com/business/companies/article/1443167/new-retail-strategies-spur-23pc-jump-hysan-revenue
  6. Business - China Business - EARNINGS

    Footwear retailer Belle International cautious on prospects

    Posted Feb 25th 2014, 01:24am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Belle cautious on outlook amid online challenge Belle International, the mainland's largest footwear retailer, retains a cautious outlook for the year in forecasting low single-digit growth as it seeks to deal with the rapid growth in e-commerce and a surge of shopping mall space on the mainland. The company's share price jumped 5.91 per cent ...

    http://www.scmp.com/business/china-business/article/1434461/footwear-retailer-belle-international-cautious-prospects
  7. Business - Companies - EARNINGS

    Silver Base turns to its CEO for financial help

    Posted Jul 01st 2014, 04:05am by TIFFANY AP

    ... has fallen from about 2,000 yuan per bottle to just over 1,000 yuan, said chief financial officer Wang Jindong. At the same time, mainland retail sales overall experienced just 13.1 per cent ...

    http://www.scmp.com/business/companies/article/1543914/silver-base-turns-its-ceo-financial-help
  8. Business - China Business - EARNINGS

    CRE feels effect of economic slowdown

    Posted May 27th 2014, 01:34am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com The mainland retail and brewery giant reports 30.5 per cent lower profit of HK$356 million in first-quarter results that raise market concern CRE feels effect of economic slowdown China Resources Enterprise, the retail and brewery giant that makes the country's best-selling beer, said net profit sank 30.5 per cent in the first quarter due ...

    http://www.scmp.com/business/china-business/article/1519773/cre-feels-effect-economic-slowdown
  9. Property - Hong Kong & China - EARNINGS

    Link Reit distributable income jumps 14pc

    Posted Jun 04th 2014, 02:10pm by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Despite trend of falling retail sales, the landlord looks to improvements in household earnings Link Reit upbeat after 14.4pc gain in year's income ... retail sales in Hong Kong. Retail sales in April fell 9.8 per cent year on year to HK$38.8 billion, the Census and Statistics Department said on Wednesday. It was the third month of decline, ...

    http://www.scmp.com/property/hong-kong-china/article/1525222/link-reit-distributable-income-jumps-14pc
  10. Business - China Business - EARNINGS

    Gome gains as online focus pays dividends

    Posted May 20th 2014, 12:56am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Appliance retailer's first-quarter profit soars 253 per cent year on year as restructuring plan targeting e-commerce starts to reap rewards Gome gains as online focus pays dividends Mainland home appliance retailer Gome saw its first-quarter profit jump 253 per cent year on year as its restructuring, with a new focus on e-commerce, took shape. ...

    http://www.scmp.com/business/china-business/article/1515926/gome-gains-online-focus-pays-dividends

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