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  • September 16, 2014
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  1. 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
  2. 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
  3. 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
  4. 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
  5. 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
  6. News - Hong Kong - FOOD

    Hong Kong bans Taiwan firm's 'gutter oil' products; 300 businesses involved

    Posted Sep 15th 2014, 06:29am by TIMMY SUNG

    ... oil" scandal. The ban also covers all food products made by the lard oil supplied by Chang Guann. Six local importers and some 300 distributors and retailers will have to recall and seal all ... of bakeries, restaurants, retailers and distributors involved. It includes the five-star Hyatt Regency Hotel, Tsim Sha Tsui; a Café De Coral in Tuen Mun; Pie & Tart in Kwai Chung; Butao Ramen ...

    http://www.scmp.com/news/hong-kong/article/1592585/gutter-oil-taiwan-officially-banned-hong-kong
  7. 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
  8. News - Asia - MYANMAR

    Gap to be first US retailer to enter Myanmar market

    Posted Jun 07th 2014, 08:47pm by Associated Press in Yangon

    ... Associated Press in Yangon Clothing retailer Gap announces it will manufacture garments at two factories in the Myanmar capital Yangon Gap has announced plans to produce clothing in Myanmar, the first American retailer to enter the market since the Southeast Asian country began its transition to democracy three years ago. Two factories in the commercial capital, Yangon, ...

    http://www.scmp.com/news/asia/article/1527602/gap-be-first-us-retailer-enter-myanmar-market
  9. News - Hong Kong - SHOPPING

    Drop in retail sales biggest in five years as surge in number of mainland visitors slows

    Posted Jun 03rd 2014, 11:51pm by Amy Nip, Denise Tsang

    ... Amy Nip and Denise Tsang Figures dip for third month in a row, with trade in luxury items down almost 40pc in April as surge in number of mainland visitors slows Drop in retail sales biggest in five years Hong Kong’s retail sales in April dropped the sharpest in five years, adding fuel to the controversial debate on curbing mainland tourist numbers. Consumption fell 9.8 per ...

    http://www.scmp.com/news/hong-kong/article/1524898/drop-retail-sales-biggest-five-years-surge-number-mainland-visitors
  10. News - Hong Kong - TOURISM

    Property, retail shares fall on fears chief executive will cut mainland visitor numbers

    Posted May 27th 2014, 11:16pm by Johnny Tam, Peggy Sito and Tiffany Ap

    ... Johnny Tam, Peggy Sito and Tiffany Ap Chief executive plays down talk of 20pc cut in mainland visitors but property and retail investors don't get message and shop owners cry foul ... But that didn't stop the shares of retailers and property developers falling and retailers crying foul. Leung said the government was "listening to views" about how to handle the annual influx ...

    http://www.scmp.com/news/hong-kong/article/1520174/property-retail-shares-fall-fears-chief-executive-will-cut-mainland

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