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  • November 22, 2014
  • Last updated: 3:32am
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  1. Lifestyle - Fashion & Watches

    Outlet villages on the mainland don't just offer bargains

    Posted Nov 21st 2014, 05:43pm by Divia Harilela

    ... Divia Harilela divia.harilela@scmp.com Rise in luxury retail outlets reflects increasing number of shoppers A consuming passion Lower prices are one of the factors driving mainlanders ... form of retail therapy has emerged on home turf: outlet malls, or "villages", that offer shoppers more than just affordable designer goods. Designer outlets have existed in the US ...

  2. Business - China Business - ACQUISITIONS

    Gome shares tumble after news it would take stake in Huishang Bank

    Posted Nov 12th 2014, 01:48pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Retailer says investment part of 'omni-channel' strategy to better compete with online sellers Investors dump Gome on plan to buy bank stake Shares of Gome Electrical Appliances Holding fell 6.56 per cent yesterday after the retailer said it planned to buy a 5.7 per cent stake in Hefei-based Huishang Bank. Pending approval from regulators, ...

  3. Business - Economy

    US retail sales in sluggish start to quarter

    Posted Aug 14th 2014, 01:28am by BLOOM

    ... Bloomberg in Washington US retail sales in sluggish start to quarter Retail sales in the United States were little changed last month, the worst performance in six months, as car demand ... Some retailers must rely on promotions and discounts to entice customers, whose spending accounts for about 70 per cent of the economy. "We're seeing decent but not great consumer ...

  4. Dymak backs agile growers with trendy plant upgrades

    Posted Nov 19th 2014, 04:55pm

    ... key to success is customisation," says Claus Bogelund, CEO. "We develop exclusive products with plant producers and retailers such as EuroTrend." Staying ahead of market trends ... consistent quality and meet international standards. It also eyes joint ventures with retailers that have access to premium markets.   Dymak http://www.dymak.dk ...

  5. Property - Hong Kong & China - INVESTMENT

    Citic Capital eyes pair of retail developments

    Posted Aug 12th 2014, 12:21pm by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Asset manager steps up shopping mall push on the mainland to tap urbanisation boom Citic Capital sets sights on two retail projects State-controlled asset management firm Citic Capital Holdings has cast a vote of confidence in the mainland's retail property sector with plans to buy two projects. "We plan to close the two deals by the end ...

  6. Retailers upgrade to take on foreign rivals

    Posted Jun 23rd 2010, 12:00am by Staff Reporter

    ... Bien Perez Major retailers in the mainland's inland provinces are boosting their investments in advanced distribution systems to drive expansion, meet customer demand and stay competitive against larger foreign rivals, industry experts said yesterday. 'When you go inland, you'll find a whole lot of regional retailers used to defending their turf just against each ...

  7. Business - Companies - EARNINGS

    China Resources Enterprise sinks into losses

    Posted Nov 14th 2014, 03:09pm by TIFFANY AP

    ... on year. The state-backed retail conglomerate, which runs supermarkets on the mainland under the CR Vanguard brand, agreed to help run British supermarket operator Tesco's ailing mainland ... capital injection. Shares of the company rose 1.78 per cent to HK$17.18 yesterday. Retail operations fell 935.7 per cent to register a loss of HK$702 million in the third quarter, compared ...

  8. Comment - Insight & Opinion - LEADER

    There's a silver lining even as retail sales take a downturn

    Posted Aug 06th 2014, 04:35am by SCMP Editorial

    ... SCMP Editorial Silver lining in retail downturn The city's retail scene stood to win or lose from policies that impact on mainlanders who throng our shopping malls. On one hand, ... investment and spending to keep the economy on track to achieve growth goals. If Hong Kong's latest retail sales figures are anything to go by, Xi's anti-graft campaign is having a bigger ...

  9. Business - Banking & Finance - BANKING

    Standard Chartered to axe up to 100 bank branches next year

    Posted Nov 12th 2014, 06:29am by Reuters

    ... bank Standard Chartered plans to cut up to 100 retail branches next year, or 8 per cent of its network, to help save US$400 million a year to improve profitability. The bank is under pressure ... at its retail bank were being held back by high costs and that it aimed to cut 80 to 100 branches, out of 1,248 it had at the end of June. Halford said the bank was aware of investor concerns, ...

  10. Comment - Insight & Opinion - JAKE'S VIEW

    'Grim' retail sales index tells only fraction of story

    Posted Aug 03rd 2014, 04:25am by Jake Van Der Kamp

    ... Jake van der Kamp Don't panic, retail sales index doesn't tell whole story The grim performance of Hong Kong's retail sales continued in June, producing the worst first-half ... The retail sales survey that goes into making up the retail sales index covers only 31 per cent of retail sales in Hong Kong. That's right, fewer than one-third of total retail sales. It used ...




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