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  • October 21, 2014
  • Last updated: 2:41pm
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  1. 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 (HK$71.4 million) to 284.2 million yuan, mainly due to increased spending in advertising and promotions. The company put in 267.1 million yuan into advertising and promotional expenses, up 77.8 ...

    http://www.scmp.com/business/companies/article/1578493/profit-drop-hits-xtep-stock
  2. Property - Hong Kong & China - RETAIL

    China’s online retail market squeezes bricks-and-mortar shops

    Posted Sep 23rd 2014, 10:07am by Peggy Sito

    ... chairman 100 million yuan (HK$126 million) if e-commerce made up more than 50 per cent of China's total retail market in 10 years; Ma would pay up if the real economy maintained the dominant ...

    http://www.scmp.com/property/hong-kong-china/article/1598016/chinas-online-retail-market-squeezes-bricks-and-mortar
  3. Business - Companies - RETAIL

    Golden Eagle profit down 23.2pc

    Posted Aug 26th 2014, 10:48am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Mainland department store operator Golden Eagle Retail’s first-half net profit fell 23.2 per cent to 483.8 million yuan (HK$609.5 million). Same store sales growth declined by 6.7 per cent, it said on Monday night. Turnover was 7.94 billion yuan, down 7.9 per cent from the same period last year. The company, founded by billionaire Roger Wang, ...

    http://www.scmp.com/business/companies/article/1580749/golden-eagle-profit-down-232pc
  4. Business - China Business - RETAIL

    Anta earnings jump 28.3pc as turnover, margin rise

    Posted Aug 06th 2014, 03:40pm by TIFFANY AP

    ... on the mainland, grew to 802.8 million yuan (HK$1 billion) on a 22 per cent jump in turnover to 4.12 billion yuan. Gross profit margin rose 4 percentage points to 45.1 per cent. Anta shares shot up 4.87 ...

    http://www.scmp.com/business/china-business/article/1567635/anta-earnings-jump-283pc-turnover-margin-rise
  5. News - Hong Kong - RETAIL

    Rising yuan boosts mainland visitors's spending power

    Posted Oct 24th 2012, 12:00am by Amy Nip, Johnny Tam

    ... Johnny Tam and Amy Nip Bargain-hunting mainlanders expected to take advantage of exchange rate during visits to city Rising yuan the cue to go shopping Internet users across the border are enthusiastically discussing plans to shop in Hong Kong as the yuan climbs to a 19-year high. The exchange rate has risen in the past few days, passing HK$1.25 as the yuan appreciated against the weak US ...

    http://www.scmp.com/news/hong-kong/article/1068163/rising-yuan-boosts-mainland-visitorss-spending-power
  6. News - Hong Kong - RETAIL

    Hong Kong jewellers fear shine taken off 'golden week' this year

    Posted May 02nd 2014, 03:39am by Amy Nip, SHIRLEY ZHAO

    ... on a handbag, cellphone and computer. "Hong Kong is a good place for shopping, especially since the exchange rate between the yuan and the Hong Kong dollar remains good," Ren said. Xu Yanqiu ...

    http://www.scmp.com/news/hong-kong/article/1501943/hong-kong-jewellers-fear-shine-taken-golden-week-year
  7. Business - China Business - RETAIL

    Student promotions drive record 3Q China spending on smart mobile devices

    Posted Dec 02nd 2013, 05:19am by BIEN PEREZ

    ... and notebook computers to a new quarterly high of 169.53 billion yuan (HK$214.32 billion) in the three months to September, when purchases reached a record volume of 103.37 million units. That marked ... Expenditure on smartphones rose 50 per cent to 136.04 billion yuan in the third quarter from 90.67 billion yuan a year ago as unit sales rose 71 per cent to 92.97 million from the previous year. Data ...

    http://www.scmp.com/business/china-business/article/1370569/student-promotions-drive-record-3q-china-spending-smart
  8. Business - China Business - RETAIL

    Yi Hua starts IPO as it selectively expands stores

    Posted Nov 26th 2013, 03:02am by TIFFANY AP

    ... years has been profitable. Nearly half, or 27 outlets, of Parkson's 57 stores are loss-making. Last year, Yi Hua reported 43.6 million yuan in net profit. Between 2009 and last year, the company's gross profit increased from 239.8 million yuan to 326.7 million yuan, a compound annual growth rate of 16.7 per cent. The joint bookrunners are Kingsway Capital and Upbest Securities. ...

    http://www.scmp.com/business/money/markets-investing/article/1365761/yi-hua-starts-ipo-it-selectively-expands-stores
  9. Business - China Business - RETAIL

    Taobao prepares to roll out new shopping fest

    Posted Nov 26th 2013, 03:02am by Celine Sun

    ... to consumers. Taobao and T-mall.com a business-to-customer shopping platform based on Taobao, reaped 35 billion yuan (HK$44.5 billion) in sales revenue on November 11 during a 24-hour "double ... yuan of sales revenue a year. Taobao has budgeted 300 million yuan in the form of rebates for consumers during the two-week sales promotion. It will use its "shopping cart" function ...

    http://www.scmp.com/business/china-business/article/1365762/taobao-prepares-roll-out-new-shopping-fest
  10. News - Hong Kong - RETAIL

    DCHL distributors call on government to change law

    Posted Oct 08th 2013, 12:00am by Ernest Kao, AND EMILY TSANG

    ... the company more than 400,000 yuan (HK$506,700) for products, but I've heard some people paid millions," said one female protester. People even borrowed heavily at the request of those more ...

    http://www.scmp.com/news/hong-kong/article/1326564/dchl-distributors-call-government-change-law

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