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  1. 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
  2. Business - Companies - RETAIL

    Profit drop hits Xtep stock

    Posted Aug 21st 2014, 04:10pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Shares of mainland sportswear retailer Xtep International dropped over 5 per cent on the announcement that first-half profit fell by 56.7 million yuan ... heavily discounting products. Despite the soft top line numbers, the management said the firm experienced mid-single digit same-store retail sales for the second quarter, in addition to improving ...

    http://www.scmp.com/business/companies/article/1578493/profit-drop-hits-xtep-stock
  3. 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
  4. 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
  5. Business - Companies - EARNINGS

    Hysan Development posts 4.7pc gain in underlying interim profit

    Posted Aug 08th 2014, 02:57pm by Sandy Li

    ... Sandy Li sandy.li@scmp.com Hysan base rents strategy pays as retail sales soften Hysan Development, the largest landlord in Causeway Bay with properties such as Hysan Place, boosted its ... earlier. "Last year, our internal study forecast [that] Hong Kong retail sales just grew 4 or 5 per cent, compared to the market's expectation of a 12 per cent increase. We were the most ...

    http://www.scmp.com/business/companies/article/1569164/hysan-development-posts-47pc-gain-underlying-interim-profit
  6. Property - Hong Kong & China - C-SUITE

    Hysan's Lau Siu-chuen remains optimistic despite challenges

    Posted Aug 20th 2014, 05:21am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Lau Siu-chuen hopes to create a different Hysan by enhancing the attractiveness of its retail premises and tapping the opportunities arising from ... Asia and a brand manager of French luxury products. This background equipped him well to forecast a slowdown in retail sales two years ago when other developers were expecting the boom ...

    http://www.scmp.com/property/hong-kong-china/article/1577044/hysans-lau-siu-chuen-remains-optimistic-despite-challenges
  7. 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
  8. Comment - Insight & Opinion - BRICKS & MORTAR

    Hong Kong faces serious shortage of industrial land for logistics use

    Posted Aug 18th 2014, 12:34pm by Peggy Sito

    ... is emerging as a barrier to the development of the city's trade and retail sectors. International property consultant CBRE estimates the warehouse vacancy rate dropped to 0.4 per cent in June ... largely left out of the land sales equation, describing it as a forgotten pillar of the city's economy. The CBRE report highlighted the growing relationship between the logistics and retail ...

    http://www.scmp.com/comment/insight-opinion/article/1575970/logistics-facing-shortage-supply
  9. 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
  10. Comment - Insight & Opinion

    Scrapping multiple-entry permits would allow Hong Kong to breathe again

    Posted Aug 21st 2014, 04:32pm by Albert Cheng

    ... would give Hong Kong chance to breathe again The local retail industry has mounted a campaign to keep the individual visit scheme intact, but its economic arguments to continue to allow vast ... of the severe acute respiratory syndrome outbreak. Mainlanders' purchasing power resuscitated our tourism, retail and related sectors. Yet, more than a decade down the road, the side effects ...

    http://www.scmp.com/comment/article/1578502/scrapping-multiple-entry-permits-would-allow-hong-kong-breathe-again

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