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  • July 29, 2014
  • Last updated: 3:05pm
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  1. Business - China Business - RETAILING

    Duty-free shopping surges in popularity in China

    Posted Jul 28th 2014, 04:26am by Celine Sun

    ... shops booming on the mainland While luxury sales growth on the mainland is slowing down, business at domestic duty-free shops is entering a golden age. In September, the world's largest ... the only operator authorised to run duty-free businesses nationwide, and it generates about 40 per cent of all industry revenues. Smaller player Sunrise Duty Free operates shops in Beijing ...

    http://www.scmp.com/business/china-business/article/1560734/duty-free-shopping-surges-popularity-china
  2. 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 ...

    http://www.scmp.com/business/companies/article/1487618/shake-money-transfer-business-looms-wal-marts-new-service
  3. 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 subsidiary of US mall operator Taubman Centers, has committed US$600 million to projects in Asia, with 40 per cent of that investment earmarked for mainland ventures. The company has formed ...

    http://www.scmp.com/property/hong-kong-china/article/1549702/taubman-asia-investing-us600m-new-shopping-centres
  4. Business - China Business - RETAILING

    New e-commerce service takes challenge to rival Alibaba

    Posted Jul 28th 2014, 04:27am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com New e-commerce service takes challenge to Alibaba Shanghai Media Group and Singapore-based YuuZoo are due to launch this week a new social media and e-commerce platform to challenge Alibaba Group's online shopping marke ...

    http://www.scmp.com/business/china-business/article/1560743/new-e-commerce-service-takes-challenge-rival-alibaba
  5. Business - Companies - RETAILING

    Swatch Group voices concerns over uncertain Hong Kong outlook

    Posted Jul 23rd 2014, 01:33am by Reuters

    ... currencies in July and we expect that trend to continue in the second half," Hayek said. He said demand in Europe was still sluggish, but the US and Japan were robust. The mainland also picked ...

    http://www.scmp.com/business/companies/article/1557380/swatch-group-voices-concerns-over-uncertain-hong-kong-outlook
  6. Property - Hong Kong & China - RETAILING

    Retail vacancies in Hong Kong soaring, but rents dip only slightly

    Posted Jul 26th 2014, 01:38am by Yvonne Liu

    ... habits of mainland visitors, sales of watches and jewellery plunged 24.5 per cent year on year in May. "It hit the business of local luxury watch and jewellery retailers the most," said ...

    http://www.scmp.com/property/hong-kong-china/article/1559389/retail-vacancies-hong-kong-soaring-rents-dip-only-slightly
  7. Business - Companies - RETAILING

    Adidas sales on track to surpass €2b thanks to World Cup exposure

    Posted Jul 11th 2014, 01:31am by BLOOM

    ... matched Adidas's share in the German company's flagship sport. The US company reported last month that its soccer sales for the fiscal year that ended in May jumped 18 per cent to US ...

    http://www.scmp.com/business/companies/article/1551434/adidas-sales-track-surpass-eu2b-thanks-world-cup-exposure
  8. Business - Companies - RETAILING

    Hong Kong supermarkets concerned by slave claims on Thai fishing fleet

    Posted Jun 13th 2014, 05:57am by Benjamin Robertson

    ... that exported a reported US$7.3 billion in 2011, and will further damage an economy already struggling after last month's military takeover. The Guardian newspaper recently detailed how Thai ... the US was reviewing the situation in Thailand. Spokesmen for Wellcome and ParknShop, Hong Kong's two largest supermarkets by store number, said their supplier agreements contained clauses ...

    http://www.scmp.com/business/companies/article/1531157/hong-kong-supermarkets-concerned-slave-claims-thai-fishing-fleet
  9. Business - Companies - RETAILING

    Nestle wants a bigger bite of luxury chocolate, may consider acquisitions

    Posted Jun 09th 2014, 03:29am by Reuters

    ... International and Mars in a global market with more than US$196 billion in retail sales, according to Euromonitor International. Over the last seven years, Nestle's confectionery business has grown ... chief executive Paul Bulcke, who oversees a sprawling empire stretching from baby food to wrinkle treatment, admits to finding one of its oldest businesses, chocolate, a source of frustration. ...

    http://www.scmp.com/business/companies/article/1528195/nestle-wants-bigger-bite-luxury-chocolate-may-consider
  10. Business - Companies - RETAILING

    Chow Tai Fook's net profit soars 32pc to HK$7.44b on gold buying spree

    Posted Jun 18th 2014, 01:19am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Outlook guarded despite 32 per cent jump in profit amid the mainland's anti-graft campaign Chow Tai Fook cautious on growth after gold rush Chow Tai Fook, the world's largest jewellery chain, reported a 32.1 per ce ...

    http://www.scmp.com/business/companies/article/1535214/chow-tai-fooks-net-profit-soars-32pc-hk744b-gold-buying-spree

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