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  • October 22, 2014
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  1. News - Hong Kong - BUSINESS

    Retail sales crash 40pc over holiday period, says management group poll

    Posted Oct 07th 2014, 04:02am by STA FF REPORTERS

    ... Staff Reporters Decline blamed on fewer mainland tourists and Occupy Central protests in key shopping districts, says management group survey Retail sales slump 40 pc over holiday period Retail sales in Hong Kong fell by up to 40 per cent during the National Day holidays- the first drop since the city opened its doors to individual mainland travellers in 2003. Retailers reported ...

    http://www.scmp.com/news/hong-kong/article/1610983/retail-sales-crash-40pc-over-holiday-period-says-management-group
  2. News - Hong Kong - OCCUPY CENTRAL

    Occupy Central adds to retailers’ woes after months of dismal sales

    Posted Sep 29th 2014, 10:32pm

    ... on Monday, businesses that opened complained sales had plunged. The slow trade has raised alarm among traders already hit by a slowdown in retail sales and the prospect that the “golden week” ... an occupied section of Nathan Road. But a luxury watch retailer based within 100 metres of the sit-in was undeterred by the protests and chose to open as usual. “I am not scared at all. If anyone ...

    http://www.scmp.com/news/hong-kong/article/1604139/occupy-central-adds-retailers-woes-after-months-dismal-sales
  3. News - Hong Kong - RETAIL SALES

    Hong Kong retailers' expectations low for National Day holiday

    Posted Sep 27th 2014, 04:21am by AMY NIP AND HE HUIFENG

    ... Amy Nip and He Huifeng Slowing growth in mainland visitors and decline in purchasing power set to put damper on sales Retailers expect subdued 'golden week' shopping Retailers ... and a continuing decline in their spending, the Hong Kong Retail Management Association is forecasting less-than-glittering results. "Individual member companies independently recorded single-digit ...

    http://www.scmp.com/news/hong-kong/article/1601303/hong-kong-retailers-expectations-low-national-day-holiday
  4. News - Hong Kong - ECONOMY

    Retailers seek to keep watch sales ticking amid slowdown

    Posted Sep 04th 2014, 03:51am by Amy Nip

    ... Amy Nip amy.nip@scmp.com Hit by crackdowns on graft and extravagance on the mainland, firms look to new strategies to fight decline in luxury sales as fair opens Retailers seek to keep watch sales ticking Concentrating on bigger outlets, looking to the mid-priced market and opening stores away from tourist areas are among the strategies being employed by watch retailers amid ...

    http://www.scmp.com/news/hong-kong/article/1584641/retailers-seek-keep-watch-sales-ticking-amid-slowdown
  5. News - Hong Kong - ECONOMY

    Hong Kong retail sales slump by 3.1pc in July as consumers scrimp on luxury

    Posted Aug 28th 2014, 05:54pm by Amy Nip

    ... Amy Nip amy.nip@scmp.com Takings for last month were down 3.1pc on last year as mainland graft drive continued to bite Retail sales still gloomy despite summer holiday The summer holidays brought no relief for hard-pressed shopkeepers as retail sales declined for the sixth consecutive month- and retailers see no relief in sight until winter. Total sales were down 3.1 per cent ...

    http://www.scmp.com/news/hong-kong/article/1581472/hong-kong-retail-sales-slump-31pc-july-consumers-scrimp-luxury
  6. News - Hong Kong - BUSINESS

    Insurance may cover any losses by retailers during Occupy Central

    Posted Aug 29th 2014, 12:11am by Enoch Yiu, TIFFANY AP

    ... Enoch Yiu and Tiffany Ap Insurance may cover any lossesby retailers Some retailers and hotel groups will be covered by insurance against potential business losses should large protests ... the compensation of the business interruption insurance. However, if the event results in a sort of riot, such as some people smashing the windows of retail shops and the companies could not be open ...

    http://www.scmp.com/business/economy/article/1581568/insurance-may-cover-any-losses-retailers-during-occupy-central
  7. 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 ...

    http://www.scmp.com/comment/insight-opinion/article/1565124/grim-retail-sales-index-tells-only-fraction-story
  8. News - Hong Kong - ECONOMY

    Slide in Hong Kong’s retail sales continues in June with 6.9pc drop

    Posted Jul 31st 2014, 11:36pm by Amy Nip

    ... Amy Nip amy.nip@scmp.com Mainland corruption crackdown blamed for falling demand at Hong Kong's high-end shops Slide in city's retail sales continues with 6.9pc drop The grim performance of Hong Kong's retail sales continued in June, producing the worst first-half showing since 2009. The government's monthly statistics released yesterday showed that sales revenue ...

    http://www.scmp.com/news/hong-kong/article/1563784/slide-citys-retail-sales-continued-june-69pc-drop
  9. Business - Economy - OCCUPY CENTRAL

    Occupy protests have hit credit-card spending, warns Financial Secretary John Tsang

    Posted Oct 20th 2014, 05:41am by Joyce Ng

    ... Joyce Ng joyce.ng@scmp.com Financial secretary says retail and catering industries in occupied areas are suffering Credit-cardspending hitby protests,Tsang warns Credit-card spending has ... to assess the impact of Occupy on the economy. "Preliminary data shows that retail and catering industries in relevant districts have been hard hit," Tsang wrote on his blog yesterday. ...

    http://www.scmp.com/business/economy/article/1620148/occupy-protests-have-hit-credit-card-spending-warns-financial
  10. News - Hong Kong - CONSUMER AFFAIRS

    Discount prices in Hong Kong supermarkets vary wildly at the checkout

    Posted Oct 16th 2014, 04:41am by ELIZABETH CHEUNG

    ... the checkout price was HK$19. The other six items cost 5.6 to 50.3 per cent less than the shelf price. The council urged retailers to adopt measures to ensure fairness in transactions. "If ... the other stated "standard price" in Chinese and "recommended retail price" in English. One supermarket was found never to have sold the goods at the higher price, while ...

    http://www.scmp.com/news/hong-kong/article/1617132/consumer-council-study-suggests-price-mismatch-supermarkets

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