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  • October 22, 2014
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  1. Cut in China's import tax could boost retail

    Posted Sep 03rd 2011, 12:00am

    ... stores. But it's not only local tills that have been ringing because of these roving shoppers. Retailers in Europe and the United States are also the main beneficiaries. Figures from ... Kong? 'Cutting the import tax on luxury goods may boost the overall retail market on the mainland,' says Angus Wai, general manager for human resources at Fairton International Group. ...

  2. A golden opportunity in store for hk retailers

    Posted Sep 23rd 2011, 12:00am

    ... Paggie Leung paggie.leung@scmp.com Working women in Guangzhou are expected to spend an average of 8,000 yuan (HK$9,800) in Hong Kong during the National Day 'golden week' holiday next month, according to a survey commissioned by a major mall dev ...

  3. Economic news sees export, retail stocks flounder

    Posted Aug 16th 2008, 12:00am by Nick Westra

    ... Nick Westra Export and retail stocks slumped yesterday as local investors cut back their exposure to the global market after mounting evidence from overseas economies this week suggesting ... began in earnest yesterday as Foxconn slid 9.42 per cent to HK$7.69, outpacing the decline of the Hang Seng Index yesterday. Esprit Holdings, a global retailer, and Li & Fung, a supplier ...

  4. Retail shares escape slump to post gains

    Posted Jan 23rd 2008, 12:00am by Staff Reporter

    ... Jasmine Wang Mainland retail stocks defied a nosedive in the Hong Kong stock market to post gains yesterday. Analysts said domestic consumption stocks are perceived to be less affected ... consumption, which has improved sentiment for food and beverage and retail stocks,' said Yiu Chin, financial analysis director at Altruist Financial Group. 'Unlike food and beverage ...

  5. Retailers in China face space and rent crunch

    Posted Jan 22nd 2007, 12:00am by Andy Chen

    ... Firms are finding good vacant sites increasingly rare amid solid mainland growth, writes Andy Cheng Welcome to the space race, China retail style. Everyone knows Chinese retail sales are climbing, so everyone from homegrown retailers to Hong Kong and international players are counting on mainland revenues to drive growth. Mainland retail sales rose 14.1 per cent in November from ...

  6. CMOC offering draws HK$296b of retail orders

    Posted Apr 25th 2007, 12:00am by Staff Reporter

    ... Lee Yuk-kei Retail demand for the initial public offering of China Molybdenum Co (CMOC), the mainland's largest producer of the steel hardener, was so strong that investors had to place at least HK$170,000 worth of orders to secure one board lot, market sources said. Only about 20 per cent of retail investors who subscribed for one board lot, or 1,000 shares, would ...

  7. Retail sales lift China Resources profit 10pc

    Posted May 24th 2007, 12:00am by Carol Chan

    ... Carol Chan Red-chip conglomerate China Resources Enterprise said profit surged 10 per cent in the first quarter as its core retail business continued to benefit from the mainland's ... billion. Excluding gains from revaluation of investment properties, underlying profit rose 27 per cent to HK$497 million. Profit was led by 32 per cent growth in profit at its retail unit to HK$168 ...

  8. Retailer moves with the times

    Posted May 18th 2007, 12:00am by Tim Metcalfe

    ... 1,500 outlets in 13 countries- not counting a similar number of outlets in a fast-growing portfolio of retail chains acquired by the AS Watson parent group across Europe. Over the past decade ... of the retail brand underlines, the health and beauty business is 'personal'. Products and packaging not only change with modern trends, but also according to local needs and tastes from ...

  9. Retail banks hopeful for yuan trading

    Posted Oct 03rd 2003, 12:00am by Raymond Ma

    ... Hong Kong retail banks are keeping hopes alive that yuan banking for local individuals remains on the horizon. The latest comments by the heads of Bank of East Asia (BEA) and Standard Chartered Bank in Hong Kong suggest cautious optimism on a proposed plan to allow Hong Kong lenders to operate yuan deposit accounts, remittances, credit cards and foreign exchange for retail ...

  10. Luxury retailers tap into Guangzhou's shopping appetite

    Posted Sep 08th 2003, 12:00am by Sandy Li

    ... High-end La Perle development highlights growing affluence of China's residents Guangzhou's high-end retail market is undergoing a dramatic makeover, with international luxury goods retailers rushing in. You name it - Prada, Givenchy, Hermes, Louis Vuitton, Celine, Fendi and Christian Dior - they are all there under one roof. The $100 million, 107,000 square feet La ...




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