Keeping shifting customers in the frame

Products can go out of fashion, but good service will never be outdated, says Stanley Sun. Photo: Jonathan Wong

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

The fall-off in retail sales on the mainland extends far beyond luxury goods, hurt by the government's corruption crackdown. Photo: AFP

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

Tesco posted a heavy decline in sales in the run-up to Christmas. Photo: AFP

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 expects to be back in the black soon. Photo: SCMP

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 US economy is showing signs of resilience that could prompt the Federal Reserve to cut back on its quantitative easing programme.

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

Luxury shops: out of the reach of most Hongkongers? Photo: Felix Wong

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

Daniel Chong, right, chief executive of Yata, said prices of fresh foods at its supermarkets could go down a further 2 to 3 per cent. Photo: SCMP

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

Jewellers expect the gold craze, which helped boost overall retail sales by 21 per cent last month, to taper off. Photo: Sam Tsang

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

Jewellery retailer Chow Tai Fook recently leased a 4,500 square foot street-level shop in Yee Wo Street, Causeway Bay, for HK$2 million a month.

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

Rents for street-front shops in prime locations are plunging as tenants and landlords adjust to a fall in mainland visitors that has triggered a slowdown in the growth of retail sales.

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

Gold price seen as still high despite big fall

After the gold rush... shelves in a Causeway Bay shop are half empty after a rush of buying from mainland tourists seeking bargains after a sharp selloff in the precious metal. Photo: SCMP

While falling gold prices have sent a flood of Chinese housewives to Causeway Bay jewellery shops to hunt for bargains, Singapore's top investment official has warned that the precious metal still looks overpriced.

22 May 2013 - 4:36am 2 comments

Earnings alerts paint grim picture for Hong Kong-listed firms

Next Media warned of a substantially widening loss in the latest fiscal year to the end of March

Hong Kong-listed companies have issued almost 50 warnings over the past month about substantial profit declines or losses as the mainland economic recovery continues to look shaky.

16 May 2013 - 4:12am 1 comment

American Apparel store opens in Hong Kong

Underwired bustier and denim skirt

American Apparel has finally opened its first store in Hong Kong. Shoppers had been teased with a Lane Crawford pop-up shop three years ago, and a local web store that the brand followed up with last year.

16 May 2013 - 12:59am

From curry to crystal, traders are cashing in on giant rubber duck

Curry duck rice, inspired by artist Florentijn Hofman. Photo: SCMP

Local businesses have taken to a giant inflatable like a duck to water, with restaurants to curio sellers all riding the waves made by Hong Kong's new attraction.

9 May 2013 - 10:05am 6 comments

More than 50 global retail brands set up shop in Hong Kong in 2012

Hong Kong provides a world-class shopping experience to suit any taste and budget. Photo: AFP

Fifty-one retail brands set up shop in the city, according to a study by CBRE Global Research & Consulting, which monitored more than 300 new retail openings across Asia-Pacific in 2012.

8 May 2013 - 2:33am