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  1. Business - Economy

    Retail chief warns of impact from tourist curbs

    Posted May 29th 2014, 12:00am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Dickson Poon says any move to limit number of mainland visitors will hurt all sectors Retail chief warns of impact from tourist curbs Retail mogul Dickson Poon Tik-Sang yesterday said he is "extremely opposed" to any moves to cut mainland visitors to Hong Kong by 20 per cent. "It will have a huge impact not only on the retail ...

    http://www.scmp.com/business/economy/article/1520753/retail-chief-warns-impact-tourist-curbs
  2. Business - Companies - EARNINGS

    Chinese shoe retailer Belle aims to 'remain steady' as profit falls 12pc

    Posted May 28th 2014, 01:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com The mainland shoe retailer says it is unlikely to achieve its goal of low single-digit growth for same-store sales this year Belle aims to remain steady as profit falls 12pc Mainland shoe retailer Belle, which yesterday reported a 12 per cent fall in net profit for the first two months of this year, says it will be difficult to achieve its target ...

    http://www.scmp.com/business/companies/article/1520197/chinese-shoe-retailer-belle-aims-remain-steady-profit-falls-12pc
  3. Business - Economy - RETAILING

    Rise in Hong Kong consumer confidence fails to lift retail sales

    Posted May 24th 2014, 01:52am by TIFFANY AP

    ... into sales dollars for retailers. A survey by leading consumer insights firm Nielsen found overall spending intention of Hong Kong respondents increased three percentage points year on year to 53 per ... percentage points to 30 per cent and 32 per cent, respectively. Despite the intentions, customers have been reluctant to open their wallets. In March, citywide retail sales declined for the first ...

    http://www.scmp.com/business/economy/article/1519194/rise-hong-kong-consumer-confidence-fails-lift-retail-sales
  4. Business - Companies - EARNINGS

    Fashion retailer IT sees profits plunge over Hong Kong slump

    Posted May 23rd 2014, 12:51am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Profits at fashion firm IT drop in HK slump Fashion retailer IT's profit fell 27.3 per cent year on year as it faced rising rental and labour costs in its main markets, and a slowdown in Hong Kong retail spending. Net profit for the year ended February was down to HK$280 million, compared to HK$385 million the year before. Turnover increased ...

    http://www.scmp.com/business/companies/article/1518235/fashion-retailer-it-sees-profits-plunge-over-hong-kong-slump
  5. Property - Hong Kong & China - RETAILING

    Korean retailers ride wave of K-pop and TV dramas into Hong Kong

    Posted May 20th 2014, 02:47pm by Peggy Sito

    ... Kong's retail industry. South Korean retailers opening shops in prime shopping streets last year took up 4.17 per cent of Hong Kong's new leases, property consultancy CBRE said. Six South ... and cosmetics brands, such as Missha and Laneige, coming to Hong Kong. The trend is speeding up," said Joe Lin, a senior director of retail services at CBRE. "TV dramas and K-pop ...

    http://www.scmp.com/property/hong-kong-china/article/1516104/korean-retailers-ride-wave-k-pop-and-tv-dramas-hong-kong
  6. Lifestyle - Fashion & Watches

    J. Crew CEO Millard Drexler explains why the retailer is expanding into Asia

    Posted May 19th 2014, 09:21am by Jing Zhang

    ... be the city's biggest fashion retail opening this year- when J. Crew's stores finally launch in Hong Kong. After successfully testing the market in a partnership with Lane Crawford that began ... locations." News came in March that talks with Japanese company Fast Retailing (which owns Japanese high street giant Uniqlo and US labels Theory and J Brand) to acquire the brand from its private ...

    http://www.scmp.com/lifestyle/fashion-watches/article/1513556/j-crew-ceo-millard-drexler-explains-why-retailer-expanding
  7. Business - China Business

    Corrections & Clarifications

    Posted Mar 06th 2013, 02:18am

    ... In “ MGM builds presence in Cotai strip ”, published on February 28, MGM China was misidentified as a joint venture between two parties. It is, in fact, a subsidiary of MGM Resorts International and partly owned by Pansy Ho Chiu-king. In “ Don’t cap visit ...

    http://www.scmp.com/business/china-business/article/1181150/corrections-clarifications
  8. Lifestyle - Fashion & Watches

    'Curated retail' stores are proving popular, but many face high rents

    Posted May 12th 2014, 09:57am by Abid Rahman

    ... Abid Rahman life@scmp.com As Hong Kong's shopping malls evolve into small cities, compact, design-led 'curated retail' outlets areon the rise, writes Abid Rahman Close circle of trends Hong Kong's position as one of the world's top shopping destinations is rarely questioned and, with the rapacious development of more retail space, the city's ...

    http://www.scmp.com/lifestyle/fashion-watches/article/1508343/curated-retail-stores-are-proving-popular-many-face-high
  9. Business - Companies - RETAILING

    Rich pay, rich clients, but luxury retail jobs go begging

    Posted May 09th 2014, 11:10am by TIFFANY AP

    ... glamorous- but in Hong Kong even the world's most famous fashion houses are struggling to recruit and retain retail staff. Despite enticing pay cheques, with junior sales associates earning as much as HK$50,000 a month, working in retail is viewed as a young person's game, with little prestige, difficult clientele and shift work. Meanwhile, the demand for luxury goods from ...

    http://www.scmp.com/business/companies/article/1508134/rich-pay-rich-clients-luxury-retail-jobs-go-begging

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