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  • September 18, 2014
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  1. Business - Companies - RETAIL

    Denim retailers look to innovate

    Posted Sep 15th 2014, 09:29am by TIFFANY AP

    ... at the Queens Road Central store named Anna said, pointing to the American retailer’s new stretch and recovery denim and hybrid legging-jeans. It is hard to imagine retailers going to such lengths ... with the blue jean and denim-focused retailers are now scrambling to innovate their products. The trend is most evident in the US where jean sales fell 6 per cent over the past year (premium denim fared ...

    http://www.scmp.com/business/companies/article/1592945/denim-retailers-look-innovate
  2. Property - Hong Kong & China - RETAIL

    Retail rents cut as landlords fight to keep tenants

    Posted Sep 11th 2014, 06:01am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com After years of soaring rent levels, declining sales of luxury items force landlords to backtrack Retail rents cut as landlords fight to keep tenants Landlords of Hong Kong retail properties have been making substantial concessions in asking rents as sales of luxury products, including fashion, watches and jewellery, continue to cool, according ...

    http://www.scmp.com/property/hong-kong-china/article/1589635/retail-rents-cut-landlords-fight-keep-tenants
  3. 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
  4. Business - Companies - RETAIL

    Bonjour sells 19 beauty salons

    Posted Aug 21st 2014, 11:58am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Cosmetic retailer Bonjour has agreed to sell a group of 19 beauty salons to Town Health International Medical for HK$423.78 million in shares. The deal, announced by Bonjour on Wednesday night, expected to result in an unaudited accounting gain of about HK$420 million for the Hong Kong-listed cosmetic retailer. Under the agreement, Bonjour will sell ...

    http://www.scmp.com/business/companies/article/1578351/bonjour-sells-19-beauty-salons
  5. Business - Companies - RETAIL

    Labour Day holiday unlikely to have boosted retail sales in Hong Kong

    Posted May 03rd 2014, 04:00am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Bad weather and anti-mainlander sentiment blamed for expected poor holiday retail sales Little hope for Labour Day sales boost The long Labour Day weekend holiday is unlikely to boost retail sales figures in Hong Kong, which fell 1.3 per cent in March, the second consecutive month of contraction. Total city-wide retail sales were valued at HK$39.6 ...

    http://www.scmp.com/business/companies/article/1502945/labour-day-holiday-unlikely-have-boosted-retail-sales-hong-kong
  6. Business - Companies - RETAIL

    Profit drop hits Xtep stock

    Posted Aug 21st 2014, 04:10pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Shares of mainland sportswear retailer Xtep International dropped over 5 per cent on the announcement that first-half profit fell by 56.7 million yuan ... heavily discounting products. Despite the soft top line numbers, the management said the firm experienced mid-single digit same-store retail sales for the second quarter, in addition to improving ...

    http://www.scmp.com/business/companies/article/1578493/profit-drop-hits-xtep-stock
  7. Business - Companies - RETAIL

    Golden Eagle profit down 23.2pc

    Posted Aug 26th 2014, 10:48am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Mainland department store operator Golden Eagle Retail’s first-half net profit fell 23.2 per cent to 483.8 million yuan (HK$609.5 million). Same store sales ... operator Intime reported a 2.4 per cent fall in same store sales growth in the first half while Parkson Retail reported an 8 per cent drop in same store sales in the first quarter. Despite ...

    http://www.scmp.com/business/companies/article/1580749/golden-eagle-profit-down-232pc
  8. Business - Companies - RETAIL

    Fast Retailing CEO upbeat despite Asia tensions

    Posted Mar 05th 2014, 04:36pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Uniqlo owner's ambitions undimmed by slowing mainland economy and Sino-Japanese disputes Fast upbeat despite Asia tensions Japan's Fast Retailing ... apparel retailer. "I believe no matter how the economy turns, our business can be accepted whether in Hong Kong, the mainland or Japan … regardless of economic climate we will make our stride ...

    http://www.scmp.com/business/companies/article/1440986/fast-retailing-ceo-upbeat-despite-asia-tensions
  9. Business - Companies - RETAIL

    China Resources expects drop in profitability after acquisition of Tesco stores

    Posted Aug 21st 2014, 01:40pm by TIFFANY AP

    ... acquired Tesco China stores in May. “We are forecasting a more than 60 per cent drop in profitability for retail because Tesco will be a drag but the other segments won’t be too bad, particularly ...

    http://www.scmp.com/business/companies/article/1578394/china-resources-expects-drop-profitability-after-acquisition
  10. Property - Hong Kong & China - RETAIL

    Fast fashion retailers offered special deals in shopping malls across China

    Posted Nov 06th 2013, 05:10am by Peggy Sito

    ... of retail space. To ensure they secure such tenants to draw foot traffic before the market peaks, landlords are offering inducements, and in some cases forgoing base rent and taking a low percentage ... According to CBRE, new supply of retail space in 17 first- and second-tier cities monitored by the property consultant, such as Beijing, Tianjin, Hangzhou, Shanghai and Guangzhou, reached 2.2 ...

    http://www.scmp.com/property/hong-kong-china/article/1348391/fast-fashion-retailers-offered-special-deals-shopping-malls

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