Retail | South China Morning Post
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  • Jan 29, 2015
  • Updated: 12:55am

Retail

Global year-end sales sluggish

Consumer electronics, including smartphones and tablets, have been topping year-end shopping lists, while toys and clothes also sold well. Photo: Bloomberg

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.

Saturday, 29 December, 2012, 4:58am

Slower but sure growth ahead for retail property

George Hongchoy, CEO of The Link Management. Photo: SCMP

Growth in retail property rents and prices will slow next year, according to landlords and analysts, but the sector will outperform other property types.

29 Dec 2012 - 4:58am

Rich Chinese tourists give London retailers a happy Christmas

Chinese tourists in Harrods. Photo: AFP

A third of profits taken in London's West End on Boxing Day came from Chinese tourists, according to reports.

Of the £50 million (HK$625 million) spent in sales, which opened on December 26, the so-called Peking Pound accounted for £12 million, writes The Sun newspaper.

28 Dec 2012 - 11:26am

Appliance retailer Gome reveals three-year plan

Gome to open 200 stores.

Is electrical appliance retailer Gome merely following its rivals or will its new internet-driven strategy truly jolt it out of the doldrums?

China's second-largest home appliance chain operator has rolled out a three-year strategy to increase its presence in lower-tier cities and expand into online food and cosmetics sales.

27 Dec 2012 - 1:59am

Britain stores pull out the stops to attract Chinese shoppers

A Chinese couple visiting the exclusive Harrods department store in London consider splashing out on an expensive handbag. Photo: AFP

With their shelves spilling over with festive goodies, department stores in London are working hard to attract Christmas shoppers - but Chinese visitors are the particular target of a charm offensive.

24 Dec 2012 - 5:05am

Suning to raise HK$5.54b in first public bond sale

Suning Appliance, the mainland's biggest electronics retailer by market value, is raising 4.5 billion yuan (HK$5.54 billion) in its first public bond sale as it seeks to challenge e-commerce giants with its own web venture.

20 Dec 2012 - 3:19am

Big winners tipped amid mainland's urban shift

Food consumption on the mainland is expected to grow by 8 per cent per year in the next five years, with spending on dining out rising 18 per cent annually. Photo: NYT

Construction, commodity and retail stocks were likely to be the biggest winners from Beijing's economic policies next year, analysts said.

Promoting domestic consumption and urbanisation would be key themes on the mainland next year, Xinhua said after the country's annual economic policy-setting conference yesterday.

17 Dec 2012 - 5:31am

Chinese shoppers 'biggest spenders on luxury goods'

Women try on shoes in Salvatore Ferragamo's London store. Chinese shoppers are the biggest spenders on luxury goods. Photo: Bloomberg

Chinese shoppers this year emerged as the biggest spenders in the global luxury market, thanks largely to their sprees in Europe and the United States.

Shoppers from the mainland, Hong Kong and Macau, accounted for a quarter of global luxury sales this year - for the first time surpassing Americans who bought a fifth of the total, according to global consultancy Bain & Company.

13 Dec 2012 - 3:34am

Vacheron Constantin expands production to meet Asia demand

Juan-Carlos Torres, CEO of Vacheron Constantin, says revenue-per-store on the mainland is higher than in Hong Kong. Photo: SCMP

Luxury watchmaker Vacheron Constantin plans to increase manufacturing capacity at its plant in Geneva to meet demand spurred by growing affluence in Asia, according to the company's chief.

13 Dec 2012 - 4:59am

There must be a limit to mainland visitor numbers

Our city landscape has been altered to meet the needs of mainland visitors, who are interested in shopping and more shopping. Photo: Nora Tam

The city's economy was stagnant in 2003, before a new policy allowed mainlanders to visit Hong Kong as individuals. The resulting increase was dramatic. The number of mainland visitors rose from 6.8 million in 2002 to 12.25 million in 2004 and to 28.1 million last year, the Tourism Board reports.The total is forecast to rise further this year.

10 Dec 2012 - 7:37am 1 comment

Hard times come to gadget Mecca of Huaqiangbei

Huaqiangbei is the hub of the city's electronic products. Photo: Sally Wong

Many avid consumers of the latest technology must have been shocked by recent reports of double-digit increases in vacancy rates for shops and offices in Shenzhen's Huaqiangbei commercial area - the mainland's best place to shop for electronics, digital products and hi-tech knock-offs.

8 Dec 2012 - 4:41am

Chinese travellers wooed to spend big at European airport

Mainland Chinese travellers spent US$73 billion last year, up 32 per cent from 2010, with growth running at similar levels this year.

Not only is personal shopper Wassim Hussein clearly not a German native, his fluency in Mandarin allows him to expertly guide mainland Chinese shoppers around the airport’s duty free aisles making sure their shopping wish lists are fulfilled.

6 Dec 2012 - 11:46am

Cut in fees for credit-card payments to erode bank profits

Transaction fees on credit cards will be lowered next year. Photo: Bloomberg

Beijing's efforts to boost domestic consumption may weigh on banks' profits as a reduction in credit-card transaction fees will eat into their fee income.

The State Council had approved a plan to reduce transaction charges on credit-card payments, Xinhua reported on Tuesday, citing a notice issued by the People's Bank of China.

The PBOC spokesman was not available for comment.

29 Nov 2012 - 3:53am

Shops forced out of DNA Galleria offered space in Sai Ying Pun

Retailers kicked out of DNA Galleria mall are being offered space at Second Street Mall (pictured) in Sai Ying Pun. Photo: Nora Tam

The landlord of a small shopping centre in Sai Ying Pun has invited retailers who were forced to quit their shops in the DNA Galleria mall in Tsim Sha Tsui earlier this month to re-establish themselves at the centre in time for the Christmas shopping period.

28 Nov 2012 - 3:13am

US retailers looking for an edge on Black Friday sales

Free Thanksgiving dinners at a parish in Rockaway. Photo: AFP

US shoppers took advantage of retailers offering a Thursday night start to the traditional post-Thanksgiving holiday shopping season, lining up at stores to get deals on electronics and other items or to just see what the fuss was about.

24 Nov 2012 - 3:14am