Pricerite

Winning employee ventures beyond call of duty

The winner representing Pricerite Stores has gone the extra mile in providing service with sincerity and maintaining long-term relationships with individual customers.

Friday, 18 June, 2010, 12:00am

B&Q to open smaller outlets in HK

Move by global DIY retailer may threaten local players

B&Q Asia, a unit of Kingfisher - the world's third-largest home improvement retailer, plans to add smaller stores for the first time in Hong Kong next year and aims to adopt the same strategy in Beijing and Shanghai.

19 Mar 2007 - 12:00am

The secret to success lies in sales

Patience, persistence, creativity and care are all part of a day's work for Hong Kong's professionals

When you walk into a shop, how do you decide whether or not you like the company?

It all depends on the sales staff, according to Daryl Lai, executive director of LifeZtore.

2 Jun 2006 - 12:00am

Winning words

winning words

Retail

'Dare to try new ways of selling. Failures are not forever. Take on challenges and learn from your experiences.'

Alice Fung Li-ping, Pricerite

'When customers give unreasonable or irrational comments about the products, do not object to them right away.'

Steven Leung Chi-shing, Pricerite

2 Jun 2006 - 12:00am

More shops sign up for campaign against plastic bags

The number of stores taking part in 'No Plastic Bag Day' has snowballed to more than 1,100 as more retail chains sign on to the campaign.

CR Care, Pricerite, Bonjour and Sasa will join the likes of Wellcome, ParknShop, CR Vanguard, Watsons and Mannings in discouraging the use of plastic bags on April 15 by not providing them unless they are requested by customers.

6 Apr 2006 - 12:00am

CASH snaps up furniture stores

Brokerage Celestial Asia Securities Holdings (CASH) has agreed to buy furniture retailers from its associate company for up to $140 million in a move aimed at better delineating the group's businesses.

23 Feb 2006 - 12:00am

Rents not right for Pricerite

Household products and furniture retailer Pricerite Group says about 30 per cent of its leases are up for renewal this year with some landlords wanting to double rents.

19 Jul 2005 - 12:00am

Furnisher sees positive fallout from property slip

Chitaly Holdings, which owns the largest mainland furniture franchisee network, expects to benefit from a likely slowdown in China's real-estate market as authorities move to curb surging property prices.

The main-board listed firm believed the move could fuel home-buying interest if property prices fell to a more affordable level.

21 Jun 2004 - 12:00am

Celestial Asia improves on lack of exceptional charges

Celestial Asia Securities Holdings has slashed its first-half net loss by 96 per cent year on year.

However, the improvement was due more to an absence of exceptional losses compared with the previous year than a business rebound.

9 Aug 2002 - 12:00am

SFC fines Joyplace and director

Joyplace and director Sidney Lin Chih-cheih, founder and former executive director of Pricerite, were fined HK$20,000 and HK$14,000 respectively and were ordered to pay HK$18,106 in costs to the Securities and Futures Commission yesterday after being prosecuted for contravening the Investors Ordinance. Joyplace and Lin pleaded guilty at Western Magistracy.

10 Jul 2002 - 12:00am

Retailing operations fail to help Celestial

Celestial Asia Securities Holdings recorded a loss of HK$454.03 million last year amid a falling securities market and the bursting of the technology bubble.

A change of accounting practice also turned the company's annual result for 2000 from a profit of HK$101.77 million to a loss of HK$336.35 million.

16 Mar 2002 - 12:00am

Unionists axed 'for fighting pay cut'

Four key union members at furniture retailer Pricerite claimed they were sacked because they fought a pay cut despite a promise they would not be punished for union activities. Pricerite said the four had spread rumours detrimental to employer-staff relations.

15 Nov 2001 - 12:00am

Joyplace advertisement in breach of investor protection ordinance

A Celestial Asia Securities Holdings (CASH) shareholder has taken the unusual step of advertising in newspapers for buyers to take up a holding.

However, such an action may contravene the Protection of Investors Ordinance, according to a Securities and Futures Commission source.

12 Oct 2001 - 12:00am

Shoplifting trio in court

A 40-year-old woman who went on a shoplifting spree dumped the stolen goods with her 13-year-old daughter before fleeing with another daughter, 14, Kowloon City Court was told. The three are accused of stealing a rice cooker, vacuum cleaner, hair-cutting kit and zipper bag - valued in total at $626 - from Pricerite, Hunghom, on April 15.

5 Jul 2001 - 12:00am

CASH chief sees horizontal expansion in Pricerite deal

When Celestial Asia Securities Holdings (CASH) proposed a HK$200 million acquisition of a furniture retailer, privately controlled by its chairman, many onlookers thought they might be witnessing a typical connected transaction that had nothing to do with the listed firm's core business.

But Bankee Kwan Pak-hoo, the chairman of CASH, defended the transaction.

26 Feb 2001 - 12:00am

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