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  1. Gome says it may miss sales target this year

    Posted Aug 13th 2008, 12:00am by Staff Reporter

    ... Jasmine Wang Gome Electrical Appliances Holding, the mainland's biggest electronic appliance retailer, says it may not be able to meet its sales target this year as natural disasters hurt consumer sentiment in May and June. Gome has aimed to keep same-store sales growth at between 3 per cent and 5 per cent this year. First-quarter growth was 3.7 per cent but the earthquake ...

  2. Gome may miss expansion target

    Posted Nov 14th 2008, 12:00am by Staff Reporter

    ... Jasmine Wang Gome Electrical Appliances Holding may not meet its expansion target this year and will trim acquisitions next year to preserve cash amid the global financial crisis, according to a company source. The mainland's largest electronic appliance retailer by outlet number would add a net 140 new stores this year, below the target of 160 it set earlier, the source ...

  3. Business - China Business - EARNINGS

    Li Ning falls on warning of big full-year losses

    Posted Dec 18th 2012, 12:00am by Celine Sun

    ... Celine Sun in Beijing celine.sun@scmp.com Li Ning falls on warning of big full-year losses Sportswear retailer Li Ning fell more than 5 per cent yesterday after forecasting a large full-year loss and announcing a 1.8 billion yuan (HK$2.2 billion) plan to restructure sales channels. The Beijing-based company said in a filing yesterday that the profit this year would "have ...

  4. Business - Companies - RETAILING

    Yata vows cheaper food after openings

    Posted Jun 07th 2013, 12:00am by Anita Lam

    ... at its Shatin mall store rose 10.1 per cent in the first five months of this year, while those at its supermarkets in Tai Po and San Po Kong rose 15.8 per cent. The opening of a new department ... Chong said another store will open in Kowloon next year. While sales volume at supermarkets in the city grew only 4.4 per cent during the first four months of the year, with sales of fish, ...

  5. Business - Companies - HOSPITALITY

    Park Hotel puts Hong Kong at heart of growth plans

    Posted May 02nd 2013, 12:00am by Sandy Li

    ... at core of growth push Park Hotel Group, controlled by Law Kar-po, is expanding in the city 10 years after it bought the four-star Park Hotel in Tsim Sha Tsui at a bargain price during the Sars ... on the market over the next three to five years. "Our management expertise and established network of customers will help [the new hotels] to sharpen their competitiveness," he said. The group ...

  6. Business - China Business - PROPERTY

    China Vanke follows rich Chinese to grow abroad

    Posted Apr 18th 2013, 12:00am by Peggy Sito

    ... prepares to branch out into Singapore, after tapping into the Hong Kong and San Francisco markets this year. "They will follow the footprint of rich Chinese while mapping out their overseas ... million last October. The project, comprising 726 residential units, may be launched in the second half of this year. China Vanke made its first foray into Hong Kong's property market ...

  7. Business - China Business - LISTINGS

    Fujian broker mulls Hong Kong float in expansion

    Posted Apr 12th 2013, 12:00am by REN WEI

    ... On the mainland, securities firms rely heavily on brokerage fees from retail investors' trading of shares. However, a bearish market in the past three years prompted the companies to seek new growth ... and its net assets were valued at 8.7 billion yuan at the end of last year. The company is fine-tuning its brokerage businesses in what Liu described as an upgrade of asset management services ...

  8. Property - Hong Kong & China - RETAILING

    Global brands pause as store sales growth slows on China

    Posted Apr 10th 2013, 12:00am by Yvonne Liu

    ... on the mainland in the next three to five years. Steve Chen, head of retail services at consultancy DTZ in China, said: "We met some global luxury brand operators recently and they told us ... 520 shops on the mainland in the next two to three years, while five food-and-beverage operators will open 2,500 outlets in the next three to five years. "But since the first quarter ...

  9. Business - Companies - RESULTS

    Retailer to expand circle on mainland China

    Posted Mar 28th 2013, 12:00am by PAUL SOH

    ... the number of Saint Honore outlets in Guangzhou and other surrounding cities to approximately 80 this year. "Despite a challenging start in the first half of 2013 due to soft demand ... increased last year by 20.2 per cent to HK$199.9 million. Excluding gains on the disposal of real estate and in gross margin stemming from the cigarette inventory following the tobacco tax increase ...

  10. Business - China Business - TELECOMMUNICATIONS

    ZTE aims to sharpen focus on US enterprise market

    Posted Feb 12th 2013, 12:00am by BIEN PEREZ

    ... the world's fifth-largest supplier of telecommunications equipment, expects to accomplish that expansion over the next few years after initially growing its new business segment across ... the South China Morning Post . "We're hopeful that enterprise and government solutions will make up one-third of ZTE's business in the next three to five years." We're ...




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