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  1. Retail player seeks move into the mainland

    Posted May 28th 2011, 12:00am

    ... Denise Tsang denise.tsang@scmp.com Retail player China Resources Enterprise is examining about seven acquisition proposals as it seeks to make a bigger push into the competitive mainland market, a senior official says. Chief financial officer Frank Lai Ni-hium said yesterday that proposals in question covered beer breweries, food-related projects across the border and any consumer ...

  2. Dodgy data on HK's spending spree should carry a health warning

    Posted Jun 05th 2006, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp Shoppers splashed out on cars, clothing and other consumer goods in April, pushing retail sales up a higher than expected 9.4 per cent year on year to $18.6 billion, ... health, some statistical releases definitely need warnings attached to tell you that the contents are not what they seem. This kind of warning comes along with the retail sales statistics every ...

  3. Vehicle demand helps drive retail sales up 7.3pc, but growth slows

    Posted Dec 08th 2004, 12:00am by Nick Gentle

    ... Nick Gentle Strong vehicle sales and continued demand for electrical and photographic equipment helped lift retail sales in October, the Census and Statistics Department said yesterday. The department said the value of retail sales rose by a provisional 8.6 per cent year on year during the month, to $15.9 billion. Adjusted for price changes over the year, the volume of sales rose by 7.3 ...

  4. Spend-up call working, with retail sales growth fastest in 3 months

    Posted May 16th 2007, 12:00am by Cary Huang

    ... Cary Huang in Beijing Mainland retail sales grew at their fastest pace in nearly three years last month as rising incomes, a booming stock market and government encouragement of domestic consumption spurred spending. Retail sales rose 15.5 per cent year on year last month to 667.3 billion yuan, the National Bureau of Statistics said yesterday, following a rise of 15.3 per cent ...

  5. Soaring retail sales, M2 feed inflation fears

    Posted Mar 13th 2008, 12:00am by Tom Miller

    ... Tom Miller in Beijing Surging retail sales and strong money supply growth raised fears yesterday that inflation on the mainland is spiralling out of control, renewing calls for further monetary tightening measures. Retail sales growth in January and last month equalled December's figure of 20.2 per cent, the fastest year-on-year increases since 1996, while the broad M2 ...

  6. Retailers brace for double blow from GST

    Posted Jul 26th 2006, 12:00am by Yvonne Liu

    ... of retail properties are expected to face a double blow to their businesses when the proposed goods and services tax (GST) is launched. Retailers say their operating profits will be hit as they are required to pay the new tax on renting or buying shops. In addition, retailers may also face falling sales revenues as the tax is likely to affect spending powers of shoppers. For shop owners, ...

  7. Retail sales pick up as incomes increase

    Posted Jun 14th 2006, 12:00am by Cary Huang

    ... Cary Huang in Beijing Retail sales on the mainland grew at their fastest pace in 11/2 years last month as rising incomes and government encouragement of domestic consumption spurred ... For the first five months of the year, retail sales rose 13.2 per cent from the same period last year to reach 3.04 trillion yuan, the bureau announced on its website yesterday. Last month's growth ...

  8. Retailers need more than cash-flashing mainland tourists

    Posted Feb 03rd 2004, 12:00am by Stephen Craig

    ... Craig Stephen craig.stephen@scmp.com The dizzy chronicle of Hong Kong's retail revival at the hands of free-spending mainland tourists is being updated almost daily- first spending ... and the Hong Kong Retail Management Association forecasts single-digit growth in retail sales this year. But if things are really on the up, Blockbuster's decision to quit the territory and Wing ...

  9. Retail sales rise 1.2pc in August

    Posted Oct 08th 2003, 12:00am by Kelvin Chan

    ... Hong Kong's retail sales increased in August, for the first month since January, boosted by rising consumer confidence and increasing numbers of mainland tourists flocking to Hong Kong to shop. The government said yesterday retail sales in August rose 1.2 per cent to $14.7 billion compared with the same month last year. After factoring out the effects of deflation over ...

  10. Retail sales rise 8.7pc but signs 'not encouraging'

    Posted Nov 09th 2004, 12:00am by Nick Gentle

    ... Nick Gentle Hong Kong's retail sales continued to grow during September, recording an increase of 8.7 per cent over the same period last year, according to the latest government figures. But while consumers snapped up just under $15 billion worth of goods during the month, retailers were concerned that the provisional growth figures, while good on the surface, masked ...




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