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  • August 31, 2014
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  1. Property - Hong Kong & China - RETAILING

    Retail vacancies in Hong Kong soaring, but rents dip only slightly

    Posted Jul 26th 2014, 01:38am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Vacancies rise as landlords slow to cut rents Vacancy rates for retail outlets, at their highest in three years in four shopping districts, will head higher ... the firm's executive director for retail. Vacant shops in Tsim Sha Tsui, another popular shopping district, have nearly doubled from 44 to 93 during the same period. Vacancies in Mong Kok have surged ...

    http://www.scmp.com/property/hong-kong-china/article/1559389/retail-vacancies-hong-kong-soaring-rents-dip-only-slightly
  2. Property - Hong Kong & China - RETAILING

    Hysan Development ready to seize opportunities in luxury market

    Posted Aug 20th 2014, 05:21am by Yvonne Liu

    ... Development, the largest landlord in Causeway Bay, believes it can seize the opportunities from the consolidation of store networks undertaken by luxury brands as a slowdown in retail sales gathers ... was keen to lure high-end tenants on the lookout for locations that offered better value. Despite the accuracy of his call on the retail slowdown, Lau said the outlook for the sector was "not ...

    http://www.scmp.com/property/hong-kong-china/article/1577043/hysan-development-ready-seize-opportunities-luxury-market
  3. Business - Companies - RETAILING

    Robinsons Retail eyes family-owned chains to compete with rival

    Posted Jun 03rd 2014, 01:30am by BLOOM

    ... Bloomberg in Manila Philippine retailer to compete with rival chain by acquiring small businesses in rural areas Robinsons eyes family-owned stores for growth Billionaire John Gokongwei is scouting chains of family-owned stores to expand into faster-growing Philippine towns as part of a plan to compete with retail stores controlled by the nation's richest man, Henry Sy. ...

    http://www.scmp.com/business/companies/article/1524112/robinsons-retail-eyes-family-owned-chains-compete-rival
  4. Business - Economy - RETAILING

    Rise in Hong Kong consumer confidence fails to lift retail sales

    Posted May 24th 2014, 01:52am by TIFFANY AP

    ... into sales dollars for retailers. A survey by leading consumer insights firm Nielsen found overall spending intention of Hong Kong respondents increased three percentage points year on year to 53 per ... percentage points to 30 per cent and 32 per cent, respectively. Despite the intentions, customers have been reluctant to open their wallets. In March, citywide retail sales declined for the first ...

    http://www.scmp.com/business/economy/article/1519194/rise-hong-kong-consumer-confidence-fails-lift-retail-sales
  5. Business - Companies - RETAILING

    Luk Fook to expand in prime shopping districts as rent rises ease

    Posted Aug 27th 2014, 01:27am by BLOOM

    ... didn't even ask for more rent." Sales at luxury retailers in Hong Kong dropped at least 25 per cent each month in the second quarter as mainland tourists spent less on watches and jewellery. ... executive also affected Luk Fook's sales, Wong said. "We hope these conflicts can be peacefully solved so that our business won't be ruined," he said. Retail rents in secondary ...

    http://www.scmp.com/business/companies/article/1580963/luk-fook-expand-prime-shopping-districts-rent-rises-ease
  6. Property - Hong Kong & China - RETAILING

    Korean retailers ride wave of K-pop and TV dramas into Hong Kong

    Posted May 20th 2014, 02:47pm by Peggy Sito

    ... Kong's retail industry. South Korean retailers opening shops in prime shopping streets last year took up 4.17 per cent of Hong Kong's new leases, property consultancy CBRE said. Six South ... and cosmetics brands, such as Missha and Laneige, coming to Hong Kong. The trend is speeding up," said Joe Lin, a senior director of retail services at CBRE. "TV dramas and K-pop ...

    http://www.scmp.com/property/hong-kong-china/article/1516104/korean-retailers-ride-wave-k-pop-and-tv-dramas-hong-kong
  7. Business - China Business - RETAILING

    H&M, Zara defend quality control practices after watchdog criticism

    Posted Aug 29th 2014, 04:17pm by James Griffiths

    ... Since the Spanish fashion retailer's 2006 China debut, it has been singled out by the quality control watchdog more than 15 times, according to Chinese newspaper Time Weekly. "One of the reasons [these brands] are so popular is that they can quickly respond to customer preferences to bring new products to stores," said Mariana Kou, a retail analyst at CLSA. Speed comes ...

    http://www.scmp.com/business/china-business/article/1581717/hm-zara-defend-quality-control-practices-after-watchdog
  8. Business - Companies - RETAILING

    Rich pay, rich clients, but luxury retail jobs go begging

    Posted May 09th 2014, 11:10am by TIFFANY AP

    ... glamorous- but in Hong Kong even the world's most famous fashion houses are struggling to recruit and retain retail staff. Despite enticing pay cheques, with junior sales associates earning as much as HK$50,000 a month, working in retail is viewed as a young person's game, with little prestige, difficult clientele and shift work. Meanwhile, the demand for luxury goods from ...

    http://www.scmp.com/business/companies/article/1508134/rich-pay-rich-clients-luxury-retail-jobs-go-begging
  9. Business - Economy - RETAILING

    The not-so-Great Singapore Sale: Mainland shoppers say Hong Kong is better value

    Posted Aug 05th 2014, 03:25am by Bloomberg

    ... Bloomberg in Singapore Mainland Chinese shoppers discover how a strong dollar, labour costs and a sales tax in the city state mean it's cheaper to go to Hong Kong Retailers billed ... contributed to a sales slide of as much as 4 per cent in Singapore's annual shopping festival, according to the retailers' association. Visitors from China to Singapore dropped 27 per cent ...

    http://www.scmp.com/business/economy/article/1566514/mainland-chinese-shoppers-give-singapore-sales-thumbs-down
  10. Business - China Business - RETAILING

    Sportswear firm Li-Ning sees first-half loss soar 218pc

    Posted Aug 14th 2014, 10:07am by TIFFANY AP

    ... Ning, who won three gold medals in the 1984 Los Angeles games, has been working on a transformation from a wholesale model to a direct retail one and redesigning its products after suffering ... total revenue. "The loss was primarily due to the investment in retail and marketing, which obviously will contribute to the business in time," Kim said. Staff costs and store rental ...

    http://www.scmp.com/business/china-business/article/1573346/transformation-plan-extends-li-nings-losses

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