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  • October 23, 2014
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  1. CRE expects stimulus to fuel rebound in retail sales

    Posted Mar 26th 2010, 12:00am by Denise Tsang

    ... during the first two months of the year, while the 128 outlets in Hong Kong saw improvement. The economic slowdown hurt the underlying net profit of the group's retail division, which fell ... and spilled into the Lunar New Year in February,' Chen said yesterday. 'The time ahead looks challenging, but we do expect some recovery in retail consumption.' CRE, which operates ...

  2. Retail brightens as sales lure shoppers

    Posted Aug 05th 2009, 12:00am by Staff Reporter

    ... to 80 per cent, this year's summer sales could mark a turnaround for the city's battered retail sector. Stock and property market rallies are putting more money back into the pockets of shoppers, and retailers are cheering. The positive outlook is a far cry from November last year, when several retailers, such as U-Right International Holdings and 3D-Gold Jewellery Holdings, went ...

  3. CRE budgets HK$2b for retail expansion

    Posted Sep 04th 2009, 12:00am by Eric Ng

    ... Eric Ng China Resources Enterprise (CRE), the retail and food and beverage unit of state-backed conglomerate China Resources (Holdings), has budgeted HK$2 billion for its retail business ... overall mainland economy has shown signs of bottoming out and stabilisation following the government's economic stimulus policies,' Chen said. 'The mainland retail industry ...

  4. Busy lifestyles a nail in homeware retailer's coffin

    Posted Jul 13th 2009, 12:00am by Staff Reporter

    ... Jasmine Wang Two years ago Europe's biggest home improvements retailer Kingfisher opened its first B&Q store in Hong Kong with its sights set on attracting home upgraders to its wide range of do-it-yourself products. Now the British retailing giant is following in the footsteps of another failed venture by France's Carrefour nine years ago and preparing to shut ...

  5. First drop in retail sales for January to February

    Posted Apr 03rd 2009, 12:00am by Dennis Eng

    ... Dennis Eng The value and volume of retail sales in the first two months of the year have fallen year on year for the first time, as job cuts and shrinking household wealth dent spending amid the global downturn, government data shows. Despite hopes for a turnaround in the financial crisis, weak consumer sentiment continued to weigh on retail sales. In January and February, ...

  6. Bailout chance for watch retailer

    Posted Oct 05th 2008, 12:00am by Staff Reporter

    ... Maria Chan Chow Tai Fook Enterprises, an investment firm privately held by Cheng Yu-tung, may take over part of the assets of Peace Mark (Holdings), a debt-ridden luxury watch retailer ... in the retail business,' said one analyst. 'But interest is one thing, rescue is another. 'Peace Mark's image has been ruined in the market because of its complicated debts ...

  7. 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 ...

  8. Competition sees retailers crumble

    Posted May 04th 2005, 12:00am by Mark O'Neill

    ... Carrefour leads the charge, making sure it caters to local tastes, writes Mark O'Neill in Shanghai A surplus of retailers in Shanghai has grown so severe that almost 600 convenience ... a torrent of expansion: this year, Wal-Mart and Carrefour each plans to open 15 outlets and Metro 10. The risk is that the retail sector will follow cars, consumer electronics and other industries ...

  9. Japanese retailer plans to open five new stores in HK

    Posted May 28th 2005, 12:00am by Denise Tsang

    ... Denise Tsang Muji says $36m expansion will boost its operations for foray in mainland Japanese apparel and houseware retailer Muji plans to open five new stores in Hong Kong in the next ... of Japan's largest retailers. Mr Furuta said he expected the extra Hong Kong stores, taking the number to 10, would help increase sales by 66 per cent to five billion yen in two years. With a daily ...

  10. 50th anniversary not so golden for Yue Hwa, shutting down in Central

    Posted Jul 16th 2009, 12:00am by Tanna Chong

    ... Tanna Chong The city's biggest red-flag department store- Yue Hwa Chinese Products Emporium- will close its Central branch tomorrow, leaving only its main store in Jordan. The closure comes on Yue Hwa's 50th anniversary year, and follows the clo ...




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