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  • July 29, 2014
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  1. News - Hong Kong - SHOPPING

    Drop in retail sales biggest in five years as surge in number of mainland visitors slows

    Posted Jun 03rd 2014, 11:51pm by Amy Nip, Denise Tsang

    ... Amy Nip and Denise Tsang Figures dip for third month in a row, with trade in luxury items down almost 40pc in April as surge in number of mainland visitors slows Drop in retail sales biggest in five years Hong Kong’s retail sales in April dropped the sharpest in five years, adding fuel to the controversial debate on curbing mainland tourist numbers. Consumption fell 9.8 per ...

    http://www.scmp.com/news/hong-kong/article/1524898/drop-retail-sales-biggest-five-years-surge-number-mainland-visitors
  2. Property - Hong Kong & China - LEASING

    Sportswear retailer sells online but still needs his shop in Mong Kok

    Posted Jun 03rd 2014, 02:18pm by Sandy Li

    ... Sandy Li sandy.li@scmp.com Yet businesses insist they need to keep some physical retail presence for customers Online shoppers help ease retailers' rising rent pain Small sportswear retailer Jimmy Wong Man-fai started to offer online shopping in 2005 as soaring rents forced him to scale down his shop in Mong Kok. Wong had to make the switch in his business strategy when Ginza ...

    http://www.scmp.com/property/hong-kong-china/article/1523767/sportswear-retailer-sells-online-still-needs-his-shop-mong
  3. Business - Companies - RETAILING

    Robinsons Retail eyes family-owned chains to compete with rival

    Posted Jun 03rd 2014, 01:30am by BLOOM

    ... Bloomberg in Manila Philippine retailer to compete with rival chain by acquiring small businesses in rural areas Robinsons eyes family-owned stores for growth Billionaire John Gokongwei is scouting chains of family-owned stores to expand into faster-growing Philippine towns as part of a plan to compete with retail stores controlled by the nation's richest man, Henry Sy. ...

    http://www.scmp.com/business/companies/article/1524112/robinsons-retail-eyes-family-owned-chains-compete-rival
  4. 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
  5. Business - China Business

    China's retailers urged to gain more from online strategies

    Posted May 30th 2014, 01:10am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Integrated strategies can shore up trade at physical stores on mainland, study finds Retailers urged to gain more from online Emphasising a seamless offline-to-online shopping experience will help retain customers and let retailers cut costs in an economic slowdown, said the Blue Book, a study of the mainland retail environment. Currently ...

    http://www.scmp.com/business/china-business/article/1521518/chinas-retailers-urged-gain-more-online-strategies
  6. News - Hong Kong - TOURISM

    Property, retail shares fall on fears chief executive will cut mainland visitor numbers

    Posted May 27th 2014, 11:16pm by Johnny Tam, Peggy Sito and Tiffany Ap

    ... Johnny Tam, Peggy Sito and Tiffany Ap Chief executive plays down talk of 20pc cut in mainland visitors but property and retail investors don't get message and shop owners cry foul ... But that didn't stop the shares of retailers and property developers falling and retailers crying foul. Leung said the government was "listening to views" about how to handle the annual influx ...

    http://www.scmp.com/news/hong-kong/article/1520174/property-retail-shares-fall-fears-chief-executive-will-cut-mainland
  7. Business - Economy

    Japan retail sales fall at record pace after consumption tax increase

    Posted May 30th 2014, 01:10am by BLOOM

    ... Bloomberg in Tokyo Focus now on whether economy will rebound enough before the next planned tax rise Japan retail sales fall at record pace after levy Japan's retail sales dropped at the fastest pace in at least 14 years last month after the first consumption-tax increase since 1997 depressed consumer spending. Sales in April declined 13.7 per cent from the previous month, ...

    http://www.scmp.com/business/economy/article/1521521/japan-retail-sales-fall-record-pace-after-consumption-tax-increase
  8. 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
  9. 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
  10. 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

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