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  • April 21, 2014
  • Last updated: 6:28am
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  1. Business - Companies - RETAILING

    Shake-up in money transfer business looms with Wal-Mart's new service

    Posted Apr 19th 2014, 01:09am by AP

    ... Associated Press in New York Money transfer shake-up looms with Wal-Mart entry Wal-Mart is delving deeper into financial services at its stores and shaking up the money transfer business ... to US$900 to and from more than 4,000 Wal-Mart stores in the United States. The move could reshape that industry and is likely to set off a pricing battle. Customers can transfer up to US ...

  2. Business - Companies - RETAILING

    Tesco profit declines for second year as UK sales worsen

    Posted Apr 17th 2014, 01:09am by BLOOM

    ... struggles to convince investors he can revive the British business, which accounts for three-quarters of sales, and seeks to unravel unprofitable international ventures. [The] trading environment ... with restaurants and coffee shops, an improved online business, the Hudl affordable tablet, and Blinkbox, a digital movie, music and book platform. ...

  3. Business - Companies - RETAILING

    Dymocks plans growth despite changing habits

    Posted Apr 14th 2014, 05:07am by Denise Tsang

    ... are dramatically reshaping reading habits, with soaring rents making an already challenging operating environment even tougher for booksellers. "It's no longer a purely book business," Tam said. "It has evolved into a cultural business with entertainment elements." Founded 135 years ago, Dymocks operates more than 70 stores in Hong Kong and Australia, with the stores ...

  4. Business - Companies - RETAILING

    Watchmakers woo women to boost sluggish sales

    Posted Apr 08th 2014, 01:08am by Reuters

    ... Reuters in Basel Watchmakers woo women to boost sluggish sales A recent advertisment from luxury watchmaker Omega shows a large, technologically-advanced timepiece. So far, so typical. But this one is studded with diamonds and worn by actress Nicole Kidman. Called the Ladymatic, it's the future of the industry. The bulk of the US$50 billion Swiss watch market has for years been ...

  5. Business - Companies - RETAILING

    Daily items top mainland China tourists' Hong Kong shopping list

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

    ... an expensive watch in Hong Kong years ago. "One is enough for me," he said. "I'm not a big spender as I'm only running a small business." Lu, a car mechanic from Guangxi ...

  6. Property - Hong Kong & China - RETAILING

    Hungry shoppers miss out as malls cut food courts for higher rents

    Posted Apr 07th 2014, 04:39am by Sandy Li

    ... for business on Thursday," Fung said. Before the food court was relocated, she said each shop had its own kitchen, which required lots of space. "Now, a central kitchen has been installed ...

  7. Business - Companies - RETAILING

    Prada pins growth hopes on China's luxury sector

    Posted Apr 04th 2014, 01:14am by AFP

    ... and in part a slowing economy in the country. The option of looking into placing 5 per cent in the future should not be written off PATRIZIO BERTELLI, PRADA But in remarks to French business newspaper ...

  8. Business - Economy - RETAILING

    Gift giving in Hong Kong down on calendar quirks

    Posted Apr 01st 2014, 01:20am by TIFFANY AP

    ... not encourage gifting on luxury items. For Chinese New Year, it is the time for friends and business partners [to give gifts]," she said. According to an Ipsos survey conducted last year, Lunar New ... that if Lunar New Year sales were disappointing it would be hard for retailers to catch up since so much of their business relied on that peak shopping period. Chan said this month would not produce ...

  9. Business - China Business - RETAILING

    Growth in mainland Chinese interest in premium Swiss watches surges

    Posted Mar 27th 2014, 10:26am by BIEN PEREZ

    ... in Asia and the Americas". US accounted for more than a quarter of demand for ladies' watches, but the category was booming in mainland China, with a rise of 145.5 per cent from 2012, ...

  10. Business - China Business - RETAILING

    Want Want China profit soars on back of lower raw material costs

    Posted Mar 12th 2014, 01:26am by Celine Sun

    ... reasons for the company's better-than-expected net profit last year, which rose to US$687.3 million from US$553.8 million in 2012. Total revenue grew 13.7 per cent to US$3.8 billion, and its ... maker Tingyi Cayman Islands, Shanghai-based Uni-President China and global rivals like Nestle. It said rice crackers contributed US$909.9 million of total revenue last year, up 12 per cent year ...




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