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  1. Business - China Business - RETAILING

    Shanghai outlet centre to promote affordable Italian luxury

    Posted Feb 27th 2014, 10:21am by Daniel Ren

    ... mood on prospects for mainland luxury sector Luxury retail is not the most obvious target sector for mainland shopping centre developers in the wake of the Communist Party's crackdown on conspicuous consumption and corruption. But while the crackdown has slowed growth in luxury retail sales and caused some commercial developers, international brands and shoppers to shun the very term ...

  2. Abundant supply drags down retail rents in major cities

    Posted Aug 05th 2009, 12:00am by Peggy Sito

    ... Peggy Sito Retail rents in major mainland cities fell in the second quarter owing to an abundant supply of retail space, and property consultancy Knight Frank expects the market to continue consolidating next year. Demand for retail space remained low, Knight Frank said, as local retailers stayed cautious about opening new outlets in the second quarter even though ...

  3. Property - Hong Kong & China - COMMERCIAL

    Shui On Land to convert Shanghai hotel into flagship retail store

    Posted Apr 24th 2013, 12:00am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Redevelopment project first to be tackled by Hong Kong group's China Xintiandi subsidiary Shui On to convert Shanghai hotel into flagship retail store The conversion of a luxury boutique hotel in a historical district of Shanghai into a multi-storey flagship retail outlet will be the first project to be tackled by China Xintiandi, a commercial property ...

  4. Luxury retailers snap up prime space in Shanghai

    Posted Apr 21st 2010, 12:00am by Peggy Sito

    ... to Nanjing Road, where her office is located among a crush of retail centres, almost all of which are devoted to selling luxury goods. Among them is the newly opened retail portion of the Peninsula hotel, the first new building on the Bund in 83 years. The project has added 6,500 square metres to Shanghai's stock of prime retail space and showcases the wares of international luxury ...

  5. New World retail unit in 1b yuan expansion

    Posted Oct 07th 2009, 12:00am by Sandy Li

    ... the company would open two self-owned stores in Baoshan district and Chengshan Road next year. The two stores will add 273,330 square metres of retail area and take the number of New World stores ... performance, Cheng expected same-store growth to stay in the low single digits in the first half of this financial year to June next year. He expected the mainland's retail market to turn around ...

  6. Global retailers to build on mainland ambitions

    Posted Mar 19th 2008, 12:00am by Bryn Davies

    ... Bryn Davies Globalisation is affecting all social and economic activity and retailing is no exception. Under the weight of the globalising trend, emerging markets are becoming more important as many retailers venture beyond their traditional territories. The process has seen China become the world's ninth most-international retail market- the only non-European country ...

  7. Retail investors bear brunt of volatility

    Posted Dec 03rd 2007, 12:00am by Staff Reporter

    ... It was just a matter of picking a stock and counting the winnings. However, things turned sour when volatility started to hit the market's previous dream run in October. The retail investor, who ... by broadcaster CCTV, 70 per cent of retail investors said they had lost money on equity investments since November last year. A scant 21 per cent made a profit during the same period while the rest said ...

  8. Mainland's biggest retail boss ensnared in Shanghai loan scandal

    Posted Dec 29th 2006, 12:00am by Bill Savadove

    ... of the nation's biggest retailer in the growing scandal. Property developer Yan Liyan- the mainland's 56th richest person- allegedly used 2.7 billion yuan from the fund to buy a stake in a Shanghai shopping mall, now also partly owned by retailer Bailian Group, the Shanghai Securities News and other mainland newspapers said yesterday. Authorities were questioning Bailian chairman Xue Quanrong ...

  9. Retail boss detained in Shanghai graft probe

    Posted Dec 30th 2006, 12:00am by Bill Savadove

    ... Bill Savadove in Shanghai The head of the mainland's biggest retailer, former Shanghai government official Xue Quanrong, has been detained and is under investigation for alleged corruption, an official newspaper said yesterday. Mr Xue, chairman of Bailian Group and former party secretary of Shanghai's Baoshan district, was taken away by authorities a few days after last ...

  10. Investor bets 1.5b yuan on Shanghai shoppers' haven

    Posted Jan 17th 2004, 12:00am by Mark O'Neill

    ... Shanghai has the spending power to support the tripling of retail space. In 2002, retail sales in the city reached 203.5 billion yuan, a rise of 9.3 per cent over 2001 and 133 billion yuan in 1997. In the first nine months of last year, retail sales reached 164 billion yuan, up 9.3 per cent year on year. According to official forecasts, retail sales this year are expected to grow 8 per cent. ...




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