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  1. 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
  2. News - Hong Kong - ECONOMY

    Restaurants serving locals keep up sales amid drop in tourist spending

    Posted Aug 01st 2014, 04:03am by Amy Nip

    ... Amy Nip amy.nip@scmp.com Locals keep restaurants on the boil as tourism cools Restaurants have fared better than high-end retailers amid a reported decline in tourists' spending, an insider in the food and beverage business says. Strong local demand boosted the restaurant sector, saving it from the slide in sales experienced by luxury retail brands amid President Xi ...

    http://www.scmp.com/news/hong-kong/article/1563780/restaurants-serving-locals-keep-sales-amid-drop-tourist-spending
  3. Business - Money

    Market Opener: Chinese retailers, hotels in focus as Beijing mulls boosting consumption

    Posted Sep 04th 2012, 08:04am by Jeanny Yu

    ... Jeanny Yu Chinese retailers, car makers and food and beverage producers may see near-term upside after  news reports that Beijing has drafted a new plan to sharply boost domestic consumption. Shanghai Security News said on Tuesday that China is drafting a five-year plan, aiming to boost overall retail sales of so-called social consumption products by 80 per cent to 32 trillion ...

    http://www.scmp.com/business/money/stock-talk/article/1029188/market-opener-chinese-retailers-hotels-focus-beijing-mulls
  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. 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
  8. 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
  9. Business - Companies - APPOINTMENTS

    Brian Cornell's outsider status seen as asset in reviving Target fortunes

    Posted Aug 02nd 2014, 01:30am by BLOOM

    ... Bloomberg in Washington Ex-PepsiCo and Wal-Mart executiveCornellwill lead big-box retailer that has lost its way Outsider status seen as asset in reviving Target For all of the impressive work experience on his resume, Brian Cornell's most important attribute may be what he does not have: a career at Target Corp. When the PepsiCo executive takes over as the retailer ...

    http://www.scmp.com/business/companies/article/1564504/brian-cornells-outsider-status-seen-asset-reviving-target

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