• Sun
  • Aug 31, 2014
  • Updated: 1:38am


Keeping shifting customers in the frame

As photographic film gradually heads towards becoming  a museum item, film sellers need to diversify into other types of merchandise.

Saturday, 22 March, 2014, 5:09am

China retail sales lead business activity weakness, survey finds

Slowing retail sales stand out as the primary drag on the mainland's economic growth so far this year, while activity in almost every other business sector sagged, the latest quarterly China Beige Book survey found.

22 Mar 2014 - 4:58am 11 comments

British retailers cut prices as household incomes stagnate

British retailers slashed prices at the fastest rate in at least seven years during the January sales, industry figures showed on Wednesday, highlighting tough trading conditions despite an improving economy.

5 Feb 2014 - 2:49pm

GOME expects interim profit on back of strong Q2

GOME Electrial Appliances , backed by private equity firm Bain Capital, said on Friday profitability has significantly improved and it expects to swing into profit in the first half of the year from losses a year ago.

19 Jul 2013 - 12:16pm

US retail sales rise in May in sign world's biggest economy is recovering

The signs of resilience in the economy, despite belt-tightening in Washington, could heat up the debate on when the Federal Reserve might start scaling back its expansive monetary stimulus.

14 Jun 2013 - 3:49am

Local businesses pushed out by luxury retailers catering to the mainland

When Yem Kwok-hung closed his mahjong set business on Lockhart Road earlier this year, it wasn't just the end of a three-decade family operation. It also marked the loss of a piece of Hong Kong culture - his shop was the only one in town that still carved its own acrylic tiles.

10 Jun 2013 - 10:55am 2 comments

Yata vows cheaper food after openings

Although department store chain Yata said it did not expect the yen to decline much more, Yata's chief executive, Daniel Chong Wai-chung, said prices of fresh and prepackaged food at its supermarkets could go down a further 2 to 3 per cent thanks to economies of scale.

7 Jun 2013 - 3:46am

Hong Kong retail sales climb 21pc as gold falls

Plummeting gold prices brought the city an additional HK$4.45 billion in retail sales last month as consumers took advantage of the slump to snap up jewellery and watches, although jewellers expect the gold craze will now taper off.

31 May 2013 - 5:44am

Jewellers say no to high rents forprime shop sites

Retailers selling luxury watches and jewellery are rejecting the idea of paying big premiums for prime street-front shops, as mainland shoppers spend less on expensive gifts.

31 May 2013 - 4:41am

Mainland Chinese's declining spending hits rents for Hong Kong's street-level shops

Retail sales by volume were up 10.2 per cent year on year in March, down from a growth rate of 21.9 per cent in February, according to the latest government data. Growth in sales of jewellery, watches and high-priced gifts slowed even more sharply, falling from 27.9 per cent in February to 9.8 per cent in March.

30 May 2013 - 3:33pm 3 comments