Premium offerings at Japanese value shops

Uniqlo is gambling on its customers being willing to splurge on little luxuries like cashmere sweaters. Photo: Reuters

Cashmere sweaters at Uniqlo. Gourmet coffee and ice cream at 7-Eleven. These incongruously premium offerings by two of Japan’s biggest retailers are part of a strategy to lift profit margins by enticing thrifty shoppers to splurge on little luxuries.

Tuesday, 8 October, 2013, 1:23am

Alibaba celebrates 1.2 million users on Taobao in Hong Kong

Alibaba wants to drive more HK shoppers online. Photo: Reuters

Mainland e-commerce giant Alibaba Group said its customer-to-customer online trading platform Taobao has been growing robustly in Hong Kong.

Group spokeswoman Florence Shih said: "With more than 800 million product listings at any given time, consumers can select and purchase products they may be unable to find in their local markets."

11 Dec 2012 - 3:38am

Taobao, 7-Eleven offer new payment scheme for Hong Kong's online shoppers

7-Eleven has teamed up with Taobao Marketplace and Tmall.com to provide a new payment tool for Hong Kong consumers. Photo: David Wong

The Alibaba Group's internet retail subsidiaries, Taobao Marketplace and Tmall.com have teamed up with convenience store giant 7-Eleven to deliver a more efficient payment tool for Hong Kong consumers to shop online.

8 Nov 2012 - 4:28am

Clothes ripped off shoplifting suspect at 7-Eleven store in New York

A worker at a 7-Eleven convenience store in Brooklyn, New York, was fired after he and other store employees were recorded ripping the clothes off a suspected shoplifter.

The video was recorded by a bystander and then promptly posted on the internet.

It begins with two clerks dragging the man back into the store and continues as they try to wrestle him into submission.

22 Oct 2012 - 3:28am

7-Eleven attacked for 23pc price rise

They claim to offer unrivalled convenience: but the inconvenient truth is that prices at your local 7-Eleven have crept up by almost a quarter in just three months, according to a new study.

Prices have been bumped on everything from noodles to napkins and chocolates to condoms at the ubiquitous store chain, according to research by the Labour Party.

25 Jan 2012 - 12:00am

Remnant of a bygone era gives shoppers touch of nostalgia in quest for survival

In downtown Beijing, a run-down department store just five minutes' drive from two new super-shopping malls is bursting with customers every day.

The Chongwen District store's products, layout and services are exactly the same as stores in the old days of the planned economy. Step inside and it is like going back in time 30 years.

11 Feb 2008 - 12:00am

Chia Tai shares surge on plan to buy stores

Shares of retailer Chia Tai Enterprises International surged as much as 66 per cent yesterday after it announced that a partnership led by controlling shareholder, Thailand's Chearavanont family, plans to inject into it 19 mainland hypermarkets in exchange for HK$2.81 billion in its shares.

19 May 2007 - 12:00am

Dairy Farm takes over Lianhua Quik stores

Dairy Farm International Holdings, whose 7-Eleven outlets constitute Guangzhou's biggest convenience store chain, will take over its closest rival in the city in a move to head off increasing competition.

6 Mar 2007 - 12:00am

Convenience Retail to franchise Circle K brand in China

Convenience Retail Asia, whose stores compete with 7-Eleven outlets in Hong Kong, is for the first time to franchise some mainland outlets under its Circle K brand once its loss-making operation turns around and possibly as soon as next year.

16 Dec 2006 - 12:00am

Cold-drink stores do a roaring trade

There were no protests from owners of stores selling cold drinks, as thirsty demonstrators caused a boom in business. But other outlets, such as mobile phone stores, saw a drop in sales as marchers crowded around the front of their stores to get to the march.

About half of the drinks on sale at one 7-Eleven outlet in Causeway Bay had been cleared out by 4pm.

2 Jul 2003 - 12:00am

Expansion vital to 7-Eleven profits

Dairy Farm's convenience store operator 7-Eleven hopes its joint venture operations in southern China will achieve profitability as early as 2003 after nine years of losses.

The forecast follows news that 7-Eleven's joint venture has secured approval from the central government to open 300 stores in the next four years.

10 Oct 2001 - 12:00am

Youths pocket princely sum

Youngsters get an average of $2,313 in pocket money each month, with about half of it going on food and drink, according to a survey of 516 people aged between 10 and 24 by the 7-Eleven convenience store chain. The highest amount handed out was $6,500 a month.

19 Jul 2000 - 12:00am