Retail Sales

Gift crackdown takes toll on store operators

19 Feb 2013

Department store stocks were hammered on the first trading day after the mainland's week-long Lunar New Year break amid concerns that Beijing's crackdown on "gift giving" may further hurt high-end...

China's holiday retail sales jump 15pc

16 Feb 2013

China on Saturday said retail sales jumped nearly 15 per cent on-year during the week-long Lunar New Year holiday, as consumers splurged on jewellery, clothes and food.

Shopping malls report strong retail sales for Lunar New Year holiday

14 Feb 2013

Shopping malls reported an influx of customers, bringing strong sales, over the Lunar New Year but smaller shops said trade had dipped as Hongkongers tightened their belts at the start of the Year...

Stores use offers to charm snake year shoppers

9 Feb 2013

From free hand pouches at Coach to discounts on flat-screen televisions at Gome Electrical Appliances, retailers are dangling promotions to lure mainland shoppers during next week's Lunar New Year...

Retailers may struggle with price tag and sales tactics guidelines

4 Feb 2013

The government passed an amendment to the Trade Descriptions Ordinance last year in a bid to stop unscrupulous and misleading sales practices. Now, the Customs and Excise Department is holding a...

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Stores forecast Lunar New Year sales boost

Hong Kong's once vibrant retail sector has not experienced growth in the double digits since June last year. However, with buyers' appetite for shopping returning in the past two months, the Hong...

Chow Tai Fook Jewellery expects mainland market to remain weak

Chow Tai Fook Jewellery, the world's largest jewellery retailer, expects the mainland market to remain weak in the next few months after it reported an 8 per cent slump in same-store sales for the...

Smaller firms more confident about Hong Kong's economic outlook

Hong Kong's small and medium-sized enterprises have turned positive on the outlook for the economy in the first quarter in the face of improving prospects on the mainland and the easing of the...

RETAILING

Global year-end sales sluggish

Year-end sales globally were roughly the same as last year, with the mainland and other emerging markets doing better than the US, Europe and Japan.

EARNINGS

Nike profit tops analysts' estimates

Nike, the world's largest sporting-goods company, reported second-quarter profit that topped analysts' estimates as sales gained in North America and the company controlled its marketing costs.

RETAIL

Esprit prepares investors for second-half loss

Embattled global casual wear retailer Esprit warned investors it might record a loss for the six months to December 31, owing mainly to worse-than-expected results since October.