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  • July 25, 2014
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  1. Property - Hong Kong & China - RETAILING

    Taubman Asia investing US$600m in new shopping centres

    Posted Jul 09th 2014, 05:02am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Shopping centres in mainland cities Xian and Zhengzhou to benefit from 40 per cent of budget Taubman Asia investing US$600m in new malls Taubman Asia, ... a partnership with China's largest department store operator, Beijing Wangfujing Department Store, to invest a total of about US$230 million in two shopping centres in Xian, Shaanxi province, ...

  2. Business - Companies - RETAILING

    Daily items top mainland China tourists' Hong Kong shopping list

    Posted Apr 07th 2014, 04:38am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Unlike big spenders, visitors with limited budget go for medicines, milk powder and snacks Daily items top mainland tourists' HK shopping list Medicines and milk powder were at the top of Qiu Lai's shopping list, while red wine took up a lot of the space in Lu Nengche's suitcase after their recent trips to Hong Kong. Qiu, who runs ...

  3. Business - Companies - RETAILING

    ParknShop to remain on expansion course

    Posted Aug 16th 2013, 12:00am by Charlotte So

    ... ParknShop to remain on expansion course Supermarket chain ParknShop will push ahead with plans to open 36 stores in Hong Kong this year despite a strategic review of the HK$22 billion business ... through a quasi-oligopoly." Yeo said the optimal number of net new store openings for ParknShop was nine to 10 a year, given the slow population growth in Hong Kong . The HK$1 billion ...

  4. Business - Companies - RETAILING

    KKR considers bidding for ParknShop chain

    Posted Aug 01st 2013, 12:00am by Bloomberg

    ... Bloomberg KKR considers bidding for ParknShop chain Private-equity firm KKR is evaluating a bid for the ParknShop supermarket chain, said two people with knowledge of the matter. KKR, which is talking to banks about financing for a potential deal, may decide not to make an offer, said the sources. ParknShop owner Hutchison Whampoa has asked potential buyers to submit bids ...

  5. Business - Money - RETAILING

    Tough market in store for ParknShop buyer

    Posted Jul 30th 2013, 12:00am by Ray Chan

    ... for ParknShop buyer Hong Kong's record property prices may mean a lucrative exit for Asia's "Superman" from the sale of ParknShop, but potential buyers will have to justify the high rental costs amid slowing growth in the city's mass-retail market. One observer says Li Ka-shing's ParknShop, with more than 345 outlets in Hong Kong, Macau and the mainland, needs ...

  6. Business - Economy - RETAILING

    Christmas crowds out Lunar New Year shopping, says MasterCard

    Posted Jan 23rd 2014, 01:19am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Christmas crowds out Lunar New Year shopping Lunar New Year retail sales may be hurt this year because the holiday is closer than usual to Christmas, leaving people with less time and money for shopping, MasterCard's senior vice-president for market insights, Sarah Quinlan, said yesterday. "It's exactly what happened at Christmas [in ...

  7. Property - Hong Kong & China - RETAILING

    Rise of online shopping forces mainland malls into rethink

    Posted Jan 22nd 2014, 04:34am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Mainland operators providing more entertainment and food and beverage outlets to boost customer traffic as internet market booms Online shopping surge forces mall shake-up The rise of online shopping on the mainland is forcing malls to restructure their retail mix to provide more entertainment and food and beverage outlets in order to boost customer ...

  8. Property - Hong Kong & China - RETAILING

    Empty shops on the up in Causeway Bay as high rent drives out business

    Posted Jan 15th 2014, 05:33am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Only luxury brands or jewellery shops are able to afford the rents that landlords are asking for, according to property consultancy CBRE More vacancies, ... on year. It is a safe bet that a fair number of those visitors made their way to Causeway Bay and other shopping precincts. But, despite the traffic, an increasing number of shops in areas ...

  9. Business - Money - RETAILING

    E-shopping all the fashion as retail sales slip on mainland

    Posted Sep 29th 2012, 12:00am by Celine Sun

    ... E-shopping is All the fashion Elvin Wang is typical of the formerly big-spending shoppers on the mainland who are reining in their habit as the economy slows. Wang, 32, who works for an investment bank in Beijing, is a snappy dresser with an eye for Armani suits and Hermes belts, but lately he has done his shopping at budget outlets such as Goldlion. "Anyone who experienced ...

  10. Business - Companies - RETAILING

    Shopping with an artistic twist

    Posted Dec 17th 2013, 11:46am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com New World hopes to bring a new and unique experience to shoppers at its K11 themed malls Shopping with an artistic twist Shopping is only part ... of the namesake shopping centre in Tsim Sha Tsui that launched the concept. Cheng, joint general manager of New World Development and founder of its K11 art-shopping fusion project in Hong Kong, said he ...




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